Rachel Reeves has underscored the advantages of trading with China, indicating that the UK government is unlikely to implement punitive tariffs on imports from the world’s second-largest economy. In her first interview since becoming Chancellor, Reeves told Bloomberg, “We are a small, open trading economy, and we benefit from those trade links with countries around […]
Jaguar is set to cease production of nearly all its petrol cars by the end of this year, marking a significant shift towards an all-electric future. The British luxury car manufacturer will continue to produce just one combustion engine vehicle, the F-Pace SUV, before transitioning to an entirely electric line-up starting next year. Production of […]
State schools are experiencing a significant increase in pupil enquiries as parents prepare for a potential tax hike on private school fees. In Surrey alone, nearly 600 enquiries were made within a two-week period last month, according to data obtained by The Telegraph. Surrey County Council reported 582 email queries from private school parents between […]
The potential scrapping of inheritance tax relief could impose a £1.4bn annual burden on thousands of family businesses, industry experts warn, as fears mount over Labour’s possible tax reforms. Family Business UK (FBUK) has sounded the alarm, stating that over 3,000 family-run enterprises would face significantly higher inheritance tax bills each year if business relief […]
Lloyds Banking Group has announced plans to convert several of its old buildings into affordable homes, commencing with a soon-to-be decommissioned data centre in West Yorkshire. As Britain’s largest mortgage lender, Lloyds has been reassessing its property portfolio post-pandemic and identified certain properties suitable for conversion into much-needed social housing. The first confirmed site is […]
The last remaining bank in Paddock Wood, NatWest, has permanently closed its branch on Station Road, marking the end of all banking services in the expanding Kent town. This closure follows the previous exits of HSBC and Barclays, leaving local residents without a dedicated bank. Paddock Wood has experienced significant population growth over the past […]
Green councillor Ellen McLeay is urging Brighton & Hove City Council to take action against the growing issue of short-term holiday lets impacting the local rental and housing markets. At the upcoming council meeting on Thursday, McLeay plans to propose a motion to address this concern, with support from fellow Green councillor Chloe Goldsmith. Goldsmith […]
The Labour government is confronting a significant legal challenge regarding its commitment to impose an immediate ban on new North Sea oil and gas exploration licences amidst an ongoing licensing round. Having secured power with a decisive election victory last week, Labour’s promise to halt new North Sea exploration licences is now in jeopardy due […]
Rachel Reeves is set to announce the establishment of an Economic Advisory Council to spearhead Labour’s primary “national mission” of economic expansion following the party’s recent landslide victory in the general election. The council will be chaired by John Van Reenen, a distinguished innovation expert and former Downing Street policy adviser during Tony Blair’s tenure. […]
Heathrow Airport has been compelled to reduce the landing fees it charges airlines following intervention by the competition regulator. The Civil Aviation Authority (CAA) announced that the cap for landing charges will be set at an estimated £23.73 per passenger next year and £23.71 in 2026, approximately 6% lower than initially anticipated. In March last […]