Chancellor Rachel Reeves is set to call for a “reset” in Britain’s economic relationship with the European Union, arguing that closer ties would help break down barriers to trade and enhance both sides’ growth prospects. In the first address by a British chancellor to the Eurogroup since Brexit, Reeves will say that while the UK […]
Recruiters have warned that Angela Rayner’s proposed overhaul of workers’ rights could force employers to sack staff who fall ill for extended periods, as businesses grapple with new cost burdens at a time of escalating employment expenses. Under the government’s plans, employees will be able to claim statutory sick pay (SSP) from the first day […]
Breadcrumb Trail Links News Economy Retail & Marketing With the holidays fast approaching, the number of parcels that remain unprocessed continues to grow Published Dec 06, 2024 • Last updated 19 minutes ago • 3 minute read Canada Post employees and supporters rally as they are reflected in a window at Canada Post headquarters in Ottawa, […]
A federal appeals court has upheld a law requiring TikTok’s Chinese parent company, ByteDance, to sell the app to a non-Chinese entity by mid-January or face a ban in the United States. The decision by the U.S. Court of Appeals for the District of Columbia Circuit marks a significant escalation in the ongoing scrutiny of […]
Chancellor Rachel Reeves’ upcoming visit to China in January for the long-awaited resumption of the UK-China Economic and Financial Dialogue has been hailed as a pivotal opportunity for economic cooperation. However, leading advisory firm Blick Rothenberg has urged her to adopt a pragmatic approach to secure meaningful outcomes for both nations. Winnie Cao, Head of […]
Small businesses in some of Britain’s most disadvantaged areas are poised to benefit from £1 billion in lending, thanks to a government-backed initiative by community-based finance organisations. The British Business Bank (BBB) has launched a £150 million, two-year scheme to bolster community development finance institutions (CDFIs), which lend to businesses turned down by mainstream banks. […]
HMRC has confirmed the settlement of its high-profile IR35 tax case with Gary Lineker, ending a long-running dispute over a £4.9 million tax liability tied to his presenting work with the BBC and BT Sport. The case, initially decided in Lineker’s favour by the First-tier Tribunal (FTT), was set for an Upper Tribunal hearing after […]
The UK may be spared the worst effects of Donald Trump’s proposed tariffs on global goods trade due to its economic reliance on services rather than goods, according to Andrew Bailey, Governor of the Bank of England. Trump has suggested imposing tariffs of up to 60% on Chinese exports to the US and 20% on […]
The UK government is exploring the renationalisation of British Steel in a bid to safeguard thousands of jobs at its Scunthorpe site, amid stalled negotiations with its Chinese owner, Jingye, over a £1 billion investment plan. Business Secretary Jonathan Reynolds is leading discussions with Jingye to determine a funding agreement for the company’s transition to […]
The OECD has significantly upgraded its growth forecast for the UK, crediting Rachel Reeves’s £70 billion-a-year public spending package. The UK economy is now expected to grow by 0.9% in 2024 and 1.7% in 2025, up from May forecasts of 0.4% and 1.0%. However, the Paris-based organisation cautioned that this growth comes at the expense […]