High street banks have begun hiking mortgage rates for borrowers with large deposits, in a move that could add hundreds of pounds a year to the cost of remortgaging for wealthier homeowners. The shift comes…
Business
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Business
UK car production slumps to lowest April levels since 1952 amid van factory closure and global trade turmoil
Britain’s car industry suffered its worst April in over 70 years, with new figures revealing a sharp fall in vehicle production that underscores deepening challenges facing the sector. Data from the Society of Motor Manufacturers…
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Pensions tax relief may be in the firing line in the upcoming Autumn Budget, with growing concern among financial experts that HMRC is targeting popular salary sacrifice schemes as a way to raise revenue. According…
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I’ll say it plainly: most HRTech tools flop, not because they’re bad ideas, but because recruiters don’t use them. Over the past few years, building AI-powered hiring products, I’ve seen it over and over. A…
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A growing number of British professionals and entrepreneurs are preparing to leave the UK to escape what has been branded Labour’s “stealth tax bombshell”, according to independent financial advisory firm deVere Group. The warning comes…
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Javvy Coffee launched in 2020—right when most of the world hit pause. But for the team behind the brand, it was time to move. Frustrated by the sugar-loaded, overprocessed iced coffees lining café menus and…
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Business
Thames Water hit with record £123 million fine by Ofwat after investigations uncover failures and illegal dividends
Thames Water has been handed a record-breaking £122.7 million fine by Ofwat following two damning investigations into the UK’s largest water utility. The regulator found the company had breached key obligations relating to its wastewater…
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Following early April’s extensive global media coverage on the Trump administration’s sweeping USAID budget cuts, the tangible impact for Africa has come into sharper relief in May. Entire funding streams are set to vanish in…
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Live shopping channels predated ecommerce but faded away in the age of streaming platforms as fewer people watched television. Now, though, the concept is back, thanks to the popularity of live streaming across the entertainment…
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The UK’s government bond market is increasingly exposed to the risk of sharp price swings and sudden sell-offs, the International Monetary Fund has warned, due to a growing reliance on hedge funds and foreign investors.…