Harland & Wolff, the historic UK shipbuilder famed for constructing the Titanic, is on the brink of a £70 million rescue deal with Spanish state-owned shipbuilder Navantia. The agreement, supported by the British government, is expected to preserve more than 1,000 jobs across the company’s four UK sites: Belfast, Methil, Arnish, and Appledore. The board […]
Barclays has lost a pivotal legal challenge that strengthens the position of car finance customers seeking compensation for mis-sold loans. In a ruling with far-reaching implications for UK lenders, the High Court rejected the bank’s judicial review of a Financial Ombudsman Service (FOS) decision, potentially opening the floodgates to billions of pounds in claims. At […]
Smaller UK exporters have been hit hardest by new post-Brexit barriers, contributing to a £27 billion shortfall in goods sales to the European Union since Britain left the bloc’s single market and customs union. Research from the Centre for Economic Performance at the London School of Economics reveals that Brexit led to a 6.4% drop […]
UK inflation climbed to 2.6% in November, fresh data from the Office for National Statistics (ONS) revealed, exceeding both the Bank of England’s forecast of 2.4% and the 2.3% recorded in October. The surprise jump marks the second consecutive monthly increase, pushing the headline figure even further above the central bank’s 2% target. The acceleration […]
TikTok has made a final appeal to the US supreme court in a last-ditch effort to prevent the enforcement of a new American law that could force the platform’s Chinese parent company, ByteDance, to sell the popular video app or face a nationwide ban. ByteDance and TikTok filed an emergency injunction request to the justices […]
Guy Hands’ property company Annington has agreed to sell a portfolio of 36,347 military homes to the Ministry of Defence (MoD) for almost £6bn, concluding a protracted dispute between the billionaire investor and the UK government. The deal sees Annington, which was acquired by Hands’ private equity group Terra Firma in 2012, hand back its […]
The Business Secretary is facing accusations of failing to fully engage with Vauxhall’s parent company Stellantis ahead of its decision to close the van-making plant in Luton—a move that puts up to 1,100 jobs at risk. Critics claim the Government neglected to maintain meaningful dialogue for months despite an early warning of potential closure. Stellantis, […]
Surrey County Council has admitted it does not have enough state school places to accommodate children transferring from private schools, following the government’s introduction of a 20 per cent VAT levy on independent education. Forecasts obtained through a Freedom of Information request show that for the September 2025 intake, there are expected to be no […]
Ed Miliband, the Energy Secretary, is poised to rewrite Britain’s planning rules to clear the path for a massive expansion of wind and solar energy, effectively reducing local powers to block or alter green energy projects. Under proposed changes, wind turbines and solar farms of a certain scale will be classified as “nationally significant infrastructure […]
Britain’s farmers are set to collectively lose around £600 million after poor growing conditions produced the second-worst wheat harvest on record. New figures from the Department for Environment, Food and Rural Affairs reveal that the UK’s wheat crop fell to 11.1 million tonnes in 2024, down from 14 million tonnes the previous year. This is […]