Britain’s top business lobby groups, collectively known as the “B5,” have faced criticism for failing to prevent a significant rise in employer national insurance contributions, announced in Rachel Reeves’ October budget. The £25 billion increase has drawn widespread backlash from businesses, with some questioning the effectiveness of the Confederation of British Industry (CBI), British Chambers […]
The Bank of England has warned that escalating trade wars, geopolitical instability, and mounting global debt levels are amplifying risks to the UK’s financial system. Officials noted the country’s vulnerability due to its “open economy with a large financial sector,” according to the Bank’s latest Financial Stability Report. Andrew Bailey, the Bank’s governor, highlighted the […]
BAE Systems, the UK’s largest defence company, is set to recruit a record 2,400 apprentices, undergraduates, and graduates next year, marking a significant milestone in its ongoing investment in workforce development. This intake will bring the total number of trainees across the FTSE 100 group to 6,500 — approximately 15% of its UK workforce. The […]
Carlos Tavares, chief executive of automotive giant Stellantis, has stepped down with immediate effect following a reported fallout with the group’s chairman, John Elkann. The announcement comes just days after Tavares ordered the closure of Stellantis’ Vauxhall van factory in Luton, placing 1,000 jobs at risk. The decision to shut the Luton plant, attributed to […]
Concerns are growing over Asda’s financial stability as the UK supermarket giant faces a £900 million repayment to its former owner, Walmart, by 2028. The repayment, which includes £500 million for Walmart’s remaining stake and £400 million in interest, has prompted credit rating agency Fitch to warn of a potential overhaul of Asda’s capital structure. […]
Young professionals are leaving the UK in favour of sunnier climates and more favourable tax regimes in Southern Europe, according to Vlad Yatsenko, the billionaire co-founder and chief technology officer of digital banking giant Revolut. This trend, he warns, poses a significant challenge to Britain’s position as a global talent hub, particularly in the competitive […]
In a move set to captivate audiences across the nation, Lord Alan Sugar’s remarkable journey from modest beginnings to becoming one of the UK’s most prominent business figures is being adapted into a television drama series. The entrepreneur, famed for his role as the formidable host of The Apprentice, has secured a writer to bring […]
A construction industry awards event has sparked a sexism row after featuring female performers in skin-tight, builder-themed outfits, leading to widespread criticism and calls for change within the sector. On The Tools, an online community for builders, faced backlash when photos emerged from its recent awards ceremony showing women in tight-fitting costumes modeled on personal […]
House prices across the UK are higher than they were a year ago in every region and are forecasted to continue rising in 2025, despite potential dampening effects from recent budget changes. According to property search website Zoopla, average house prices have increased by 1.5 per cent over the past 12 months. A pronounced north-south […]
George Osborne has bolstered his personal fortune since leaving politics, as he joins a trio of investment bankers sharing a £30 million pot after record profits at Robey Warshaw, the influential City advisory firm where he works. Accounts for the Mayfair-based firm reveal that profits soared to £70 million in the 12 months ending March, […]