Shein has scrapped plans to open a UK warehouse, further clouding its prospects for a blockbuster £50bn listing on the London Stock Exchange. The fast fashion giant had been scouting large-scale warehouse sites in the East Midlands, including Derby, Daventry, Coventry, and Castle Donington, but has now confirmed it has “no plans” to proceed. The […]
HMRC has announced a reduction in the interest charged on overdue tax payments, following the Bank of England’s recent decision to cut the base rate from 4.75% to 4.5%. From 17th February, taxpayers with outstanding debts will see the interest rate on late payments drop from 7.25% to 7%. This will offer some relief to […]
Breadcrumb Trail Links News Economy President Donald Trump said he will announce 25% tariffs on all imports of steel and aluminum on Monday. Author of the article: Bloomberg News Josh Wingrove Published Feb 09, 2025 • Last updated 7 minutes ago • 3 minute read A worker welds a stainless steel part at a steel manufacturing […]
Ed Miliband, the Energy Security and Net Zero Secretary, has declined to reveal his personal view on the controversial third runway at Heathrow, despite Labour’s public backing of airport expansion. Under Chancellor Rachel Reeves’s push for economic growth, the Labour government last month confirmed its support for a larger Heathrow. Yet when pressed on whether […]
Sir Keir Starmer is preparing to pursue a pioneering trade agreement with Donald Trump focused on digital services, according to Gareth Thomas, the exports minister. The move comes amid a looming threat of global trade tensions, yet ministers insist there are “definitely possibilities” of forging lucrative ties with the world’s largest economy. Mr Thomas said: […]
Nissan appears ready to pull out of talks over a planned merger with Honda, valued at £46 billion, amid mounting tensions and a desire to find a better-suited ally for its push into electric vehicles (EVs). The two Japanese carmakers announced in December they were exploring a tie-up alongside Mitsubishi to form the world’s third-largest […]
Nine out of ten English businesses are grappling with a lack of suitably skilled workers, with entry-level vacancies posing the biggest challenge, according to a study by the Department of Education. The research, which surveyed 1,500 employers, revealed that 32 per cent of skills gaps at small and medium-sized enterprises lie in entry-level positions, while […]
UK grocery inflation has slowed for the first time in six months, offering a measure of respite to households grappling with persistent cost-of-living pressures. According to the latest data from Kantar, supermarket prices rose 3.3% in January, down from 3.7% in December. Toilet roll and cat food costs dipped, while chocolate, butter and chilled juices […]
A High Court battle is set to determine whether Azzurro Associates, a debt buyer ultimately owned by the hedge fund Elliott Management, has the right to pursue two small business directors for repayment under personal guarantees initially arranged through Funding Circle. The case, closely watched by the alternative lending industry, centres on claims that potential […]
Tesla, the electric vehicle (EV) powerhouse led by Elon Musk, delivered an average of 4,889 vehicles a day in 2024, even as its full-year figures dipped slightly from 2023. New research suggests that while headlines have focused on talk of an ‘EV winter’, quarter-by-quarter data shows a steadily improving trend through 2024—a signal that the […]