Parliament is to be recalled this Saturday for an emergency debate on the future of British Steel’s Scunthorpe plant, as the government considers taking control of the business to safeguard jobs and the UK’s industrial capacity. The unexpected move comes just days after MPs left Westminster for their Easter recess, with no plans to return […]
The price of gold soared to an all-time high on Friday, reaching $3,223.72 per ounce, as investors rushed to the safe-haven asset amid rising geopolitical tensions and a sharp escalation in the trade war between the US and China. China raised tariffs on American imports to 125% in retaliation for President Trump’s decision to increase […]
London’s iconic Bond Street has reclaimed its position as Europe’s most expensive shopping street, thanks to a sharp rise in demand for prime retail space among global luxury brands. According to new research from Savills, prime headline rents on Bond Street surged 20% in 2023, reaching £13,162 per square metre — overtaking Milan’s Via Monte […]
The UK economy recorded stronger-than-expected growth of 0.5% in February, offering a welcome boost to business confidence and easing immediate fears that President Trump’s global tariff policy would constrain British output. Figures released on Friday by the Office for National Statistics (ONS) showed broad-based expansion across services, production and construction. The result far outpaced economists’ […]
Northern Ireland bus manufacturer Wrightbus is set to supply up to 1,000 zero-emission buses across the UK as it embarks on a significant expansion programme, increasing production by 40% and creating 1,000 new jobs over the next two years. The Ballymena-based firm also revealed plans to invest £5 million in developing the UK’s first long-distance […]
The UK labour market saw the sharpest rise in jobseekers since 2020 in March, as fewer job vacancies and a growing wave of redundancies pushed more people into the market, according to the latest data from KPMG and the Recruitment and Employment Confederation (REC). The rise in staff availability — the most significant since December […]
Former Conservative cabinet minister Penny Mordaunt has come under fire after accepting a paid consultancy role with British American Tobacco (BAT), one of the world’s largest tobacco firms — a move described by critics as incompatible with public health responsibilities. Mordaunt, who previously held ministerial roles in health, work, and disability, is now advising BAT’s […]
The Conservative Party has launched the next phase of its Policy Renewal Programme, with a renewed focus on business. Speaking today, Andrew Griffith MP, the Shadow Secretary of State for Business and Trade, unveiled plans for what he calls the biggest review and engagement process with British businesses in a generation. Drawing on his background […]