The UK faces an eye-watering debt interest bill of nearly £600 billion over the next five years, according to the Office for Budget Responsibility (OBR), as the government contends with soaring borrowing costs, weak economic…
Category:
Business
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A sweeping new round of tariffs from President Trump has sent shockwaves through global markets, wiping billions of euros off the value of major European carmakers and dealing a fresh blow to the UK’s automotive…
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Next has become only the fourth UK retailer in history to post annual pre-tax profits exceeding £1 billion, joining the ranks of Tesco, Marks & Spencer, and Kingfisher. The FTSE 100-listed fashion and homewares giant…
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Up to 2,700 jobs are at risk at British Steel’s Scunthorpe steelworks after its Chinese owner, Jingye Group, announced plans to shut down the site’s two remaining blast furnaces and scale back rolling mill operations.…
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You’ve probably never thought about radiation in your cargo. Most people don’t, and yet this invisible threat actually poses real problems in global shipping. Radiation can hide in the most ordinary materials. It can hide…
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The government’s 2025 spring statement has come under fire from the CIPD, the professional body for HR and people development, which warns that the Chancellor’s plans risk undermining business productivity and job creation by failing…
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Business
Business reaction to Reeves’s spring statement: confidence remains fragile as costs rise and support lags
Chancellor Rachel Reeves delivered her 2025 spring statement today, outlining £14 billion in cuts to restore the UK’s fiscal headroom and committing £2.2 billion in defence investment. While the measures are aimed at tackling Britain’s…
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The government’s pledge to invest £300 million in HMRC over the next five years to close the UK’s tax gap has been branded “wholly insufficient” by a leading tax expert, who warned that without a…
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Business
UK commits £3.25bn to public services and AI in spring statement to drive growth and productivity
Chancellor Rachel Reeves has pledged £3.25 billion to public service reform in her spring statement, placing artificial intelligence (AI) and cutting-edge technology at the heart of government efforts to boost productivity, modernise operations, and support…
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Fevertree has reported a strong full-year performance, with surging US sales helping to counterbalance a dip in its domestic UK market. The upmarket mixer brand saw revenues in the United States rise by 9 per…