Genetic testing giant 23andMe has filed for bankruptcy protection in the US as it seeks to sell off its business — placing the personal genetic data of millions of customers in a precarious position. The San Francisco-based company, which rose to prominence with its consumer DNA testing kits, announced on Sunday that it had initiated […]
British manufacturers are facing fresh uncertainty as Donald Trump’s sweeping new steel and aluminium tariffs threaten more than £2.7 billion ($3.43bn) worth of UK exports to the United States — a move that is already prompting order cancellations, price hikes, and long-term strategic questions for exporters. The tariffs, reinstated by executive order as part of […]
The UK’s life sciences sector is falling behind international competitors, missing out on an estimated £15 billion a year over the past decade due to declining foreign investment, falling export share and a drop in clinical trials. This is according to a new report by LEK Consulting for the Society of Chemical Industry (SCI). Despite […]
More than 200,000 jobs in family-run businesses and farms could be lost as a result of upcoming changes to inheritance tax rules, according to new research that warns of a substantial hit to investment, employment and long-term economic growth. A nationwide survey of 4,200 family-owned firms and agricultural businesses — commissioned by lobby group Family […]
Breadcrumb Trail Links News Economy Carney requested the dissolution of Parliament Sunday, triggering the election campaign Author of the article: Bloomberg News Thomas Seal, Brian Platt and Randy Thanthong-Knight Published Mar 23, 2025 • Last updated 0 minutes ago • 5 minute read Liberal Leader Mark Carney, NDP Leader Jagmeet Singh and Conservative Leader Pierre Poilievre. […]
The UK is on course to deliver full-fibre broadband to nearly every household by 2027, according to Ofcom, marking a major milestone in Britain’s digital infrastructure ambitions. In its latest telecoms access review, which will shape broadband regulation from 2026 through to 2031, the communications regulator said that 96% of homes and businesses could be […]
The BBC, ITV, BT and IMG have been fined a combined £4.2 million after admitting to colluding on pay rates for freelance sports broadcasting staff, following a major investigation by the Competition and Markets Authority (CMA). The CMA found that the four companies had shared confidential information to coordinate how much they paid freelancers such […]
JD Wetherspoon saw its shares tumble by 10 per cent after posting lower-than-expected first-half profits, despite solid sales growth across its pub estate. The pub group blamed higher labour and utility costs for the dip in performance, sparking investor concern and a sharp sell-off. Shares in the company dropped 62p to 535p as operating profits […]
Public sector borrowing has surged past official expectations by more than £20 billion so far this financial year, piling pressure on Chancellor Rachel Reeves ahead of next week’s Spring Statement. Figures from the Office for National Statistics (ONS) show that in February alone, the government borrowed £10.7 billion—making it the fourth-highest total for that month […]
HM Revenue and Customs (HMRC) has revealed that inheritance tax (IHT) receipts reached £7 billion between April 2024 and January 2025—£700 million more than during the same period last year—putting the government on track for another record-breaking year for IHT revenue. With £7.499 billion collected in the 2023–24 tax year, the latest figures suggest this […]