Business investment in the UK jumped by 5.9% in the first quarter of 2025, marking the fastest pace of growth in two years and easing concerns that recent payroll tax increases would curb private sector spending. According to the Office for National Statistics (ONS), the sharp rise in investment from January to March helped lift […]
Wireless Logic, a British telecoms firm specialising in Internet of Things (IoT) communications, has sold a minority stake to US private equity group General Atlantic, in a deal that values the business at £3.5 billion — a staggering 100-fold increase from its valuation when it was bought back from Dragons’ Den investor Peter Jones in […]
HM Revenue & Customs has issued its first tax avoidance Stop Notices to an individual, ordering Paul Baxendale-Walker, a struck-off solicitor and former barrister, to cease promoting two schemes deemed abusive and artificial by the tax authority. In a landmark move, HMRC confirmed that these Stop Notices mark the first time the orders have been […]
Fossil fuel giants, luxury travel users, and shareholders profiting from polluting industries could be forced to contribute directly to climate resilience measures under a new bill to be introduced in Parliament on Thursday. The Climate Finance Fund (Fossil Fuels and Pollution) Bill, tabled by Labour MP Richard Burgon, calls for the creation of a dedicated […]
The number of UK employers voluntarily paying the higher Living Wage has risen by 19% over the past year, despite signs of a cooling labour market and pressure from statutory wage increases. Figures from the Living Wage Foundation show that 16,040 employers are now accredited as paying the voluntary Living Wage — a rate set […]
The Bank of London, a once high-profile fintech start-up that claimed unicorn status just four years ago, has revealed it is under investigation by the Bank of England’s Prudential Regulation Authority (PRA) and is facing questions over its long-term viability. In long-delayed accounts for 2023, the clearing bank disclosed that the PRA is examining “certain […]
Investor appetite for backing high-growth private companies through the UK’s flagship Enterprise Investment Scheme (EIS) has dropped significantly, with new HMRC figures showing a 20% fall in funds raised in the year to March 2024. Companies secured just £1.6 billion through EIS last year, down from £2.0 billion the previous year and well below the […]
The UK economy expanded at its fastest rate in over a year during the first quarter of 2025, as businesses ramped up investment and exports surged ahead of new US trade tariffs. According to data from the Office for National Statistics (ONS), gross domestic product (GDP) rose by 0.7% between January and March, beating expectations […]
Burberry is set to cut up to 1,700 jobs — nearly 18% of its global workforce — as part of a sweeping cost-saving plan aimed at stabilising the business after a sharp downturn in the global luxury market pushed it into a pre-tax loss of £66 million. The iconic British fashion house announced the measures […]
Jaguar Land Rover (JLR) has posted its highest annual profit in a decade, marking a strong year for the British carmaker despite lingering uncertainty over US trade tariffs. The Tata Motors-owned firm reported pre-tax profits of £875 million for the final quarter of its financial year, taking annual profits to £2.5 billion — up from […]