Britain could face a Christmas crisp shortage after workers at KP Snacks’ Billingham factory — home to Hula Hoops, McCoy’s, Pom-Bears and Discos — voted overwhelmingly to take strike action. Eighty-five per cent of GMB union members employed as process operatives backed industrial action after KP allegedly imposed additional duties and responsibilities without any corresponding […]
Revolut has overtaken Barclays in valuation after securing a $75 billion price tag in a major secondary share sale backed by Nvidia, cementing its position as Europe’s most valuable private tech company and the standout success story of Britain’s fintech sector. The deal — largely involving staff selling portions of their holdings — marks a […]
JP Morgan Chase has announced plans to build a new £3 billion, 3 million sq ft tower in Canary Wharf — one of the largest office developments in Europe — in a move hailed by Chancellor Rachel Reeves as a “multibillion-pound vote of confidence” in the UK economy. The new skyscraper will become the bank’s […]
The government has dropped its flagship plan to give workers the right to claim unfair dismissal from day one, abandoning a key Labour manifesto pledge after an intense backlash from employers and a parliamentary standoff in the House of Lords. Instead, the qualifying period for unfair dismissal claims will be set at six months, following […]
Chancellor Rachel Reeves has delivered a bruising second Budget, confirming more than £30 billion in tax rises and abandoning earlier assurances that “working people” would be shielded from higher taxes. Instead, she told MPs she was asking “everyone to contribute”, with most households now set to be worse off and middle-income families bearing the brunt. […]
Chancellor Rachel Reeves has delivered her second Budget, unveiling a wide-ranging package of tax, spending and regulatory measures shaped by weeks of leaks — and an accidental early publication of the OBR’s official forecasts. Here is a comprehensive overview of the main changes affecting households, businesses and the wider economy. Personal taxation Reeves confirmed that […]
Experts are warning that Rachel Reeves’ decision to cap the National Insurance advantages of pension salary sacrifice at £2,000 a year risks dismantling one of the UK’s most widely used workplace savings tools, and may force smaller employers to freeze hiring or scale back staff benefits. The Treasury expects the change to raise £4.7 billion […]
Electric vehicle owners will be required to pay a new 3p-per-mile tax from 2028, Chancellor Rachel Reeves confirmed today in the Autumn Budget — marking the UK’s first dedicated mileage charge for zero-emission cars. The measure is designed to offset the sharp decline in fuel duty revenue, which has fallen year-on-year as more motorists switch […]
Sir Richard Branson has announced the death of his wife, Joan Branson, sharing a heartfelt tribute on Instagram confirming she has passed away after their 50 years together. The Virgin founder described Joan as his “best friend” and “guiding light”, paying tribute to her role at the centre of the Branson family. “Heartbroken to share […]
Chancellor Rachel Reeves has urged Labour MPs to rally behind her “fair and progressive” Budget, warning that while not every measure would be universally popular, the package must be backed in full to deliver the government’s economic agenda. Addressing a tense meeting of the parliamentary Labour Party after two weeks of leadership speculation, Reeves told […]