Chancellor Rachel Reeves has told MPs that Bank of England governor Andrew Bailey has confirmed that financial markets are “functioning effectively” and that the UK’s banking system remains resilient, despite the escalating global uncertainty caused by President Trump’s new tariffs. Speaking in the House of Commons, Reeves took the unusual step of opening Treasury questions […]
Retail tycoon Sir Philip Green has lost a high-profile legal case at the European Court of Human Rights (ECHR), after attempting to challenge the UK’s use of parliamentary privilege following his public naming in the House of Lords over alleged misconduct. The former Arcadia Group boss, who is now based in Monaco, brought the case […]
Majority of UK businesses not planning to alter ED&I policies in response to Trump’s rollback The majority of UK business leaders say they will not be adjusting their Equity, Diversity and Inclusion (ED&I) strategies in response to moves by the US government to roll back similar programmes, according to new research from the Institute of […]
Edinburgh, Manchester and Bristol have emerged as the UK’s leading regional powerhouses for high-growth tech businesses, according to the latest Tech in the UK 2024 report from Barclays Eagle Labs. The report provides an in-depth look at the regional spread of scale-ups, spinouts, and other fast-growing tech firms across the UK, measuring their economic contribution […]
A significant disconnect has emerged between MPs and business leaders over which tax reforms are most important for boosting growth and confidence, according to new research by accountancy firm Price Bailey. The findings reveal that while business owners are most concerned about taxes on business sales – particularly Capital Gains Tax and Business Asset Disposal […]
The UK’s statistics watchdog has ordered the Office for National Statistics (ONS) to urgently overhaul its data collection methods within the next four weeks, amid growing alarm over the reliability of official economic figures used to shape government and Bank of England decisions. The intervention comes after a series of delays and data quality concerns […]