Up to 2,700 jobs are at risk at British Steel’s Scunthorpe steelworks after its Chinese owner, Jingye Group, announced plans to shut down the site’s two remaining blast furnaces and scale back rolling mill operations. The decision marks a major blow to the UK’s industrial heartlands and follows the rejection of a £500 million state […]
Chancellor Rachel Reeves delivered her 2025 spring statement today, outlining £14 billion in cuts to restore the UK’s fiscal headroom and committing £2.2 billion in defence investment. While the measures are aimed at tackling Britain’s debt and boosting economic resilience, business leaders have voiced concern that the statement did little to support growth, especially among […]
Chancellor Rachel Reeves delivered her spring statement today, unveiling a £14 billion package of cuts and new investments aimed at restoring the UK’s fiscal credibility and boosting long-term productivity. Against a backdrop of weak growth and rising debt, Reeves outlined measures to rein in public spending, drive efficiency across government departments and invest in critical […]
Chancellor Rachel Reeves has pledged £3.25 billion to public service reform in her spring statement, placing artificial intelligence (AI) and cutting-edge technology at the heart of government efforts to boost productivity, modernise operations, and support long-term economic growth. The investment comes amid a challenging economic backdrop, with the Office for Budget Responsibility recently halving its […]
Breadcrumb Trail Links Federal Election News Economy Are Canada’s lowest-income filers being left out of the benefits? Published Mar 25, 2025 • 5 minute read While both candidates’ tax cut plans no doubt appealed to each party’s taxpayer base, do the parties needed to help higher-income Canadians, too? Photo by Adrian Wyld/The Canadian Press/Postmedia files […]
Retailers across the UK have reported another sharp drop in sales this month, as fragile consumer confidence continues to weigh on spending, according to the Confederation of British Industry (CBI). The business group’s latest Distributive Trades Survey, released just a day ahead of Rachel Reeves’s spring statement, shows retail sales volumes fell year-on-year in March […]
Institutional investors have offloaded the pound at the fastest pace since 2023 in anticipation of this week’s spring statement, where Chancellor Rachel Reeves is expected to unveil £15 billion in spending cuts as part of efforts to restore fiscal discipline. According to Bank of America, the past three weeks have seen the sharpest outflows from […]
Chinese electric vehicle manufacturer BYD has overtaken Tesla in global revenue, cementing its position as a serious contender for dominance in the electric vehicle (EV) market. The Shenzhen-based company reported a 29 per cent surge in global revenues for 2024, reaching 777 billion yuan (£84 billion / $107 billion), crossing the $100 billion milestone for […]
Breadcrumb Trail Links Investor News While strategists see a period of calm ahead, they’ve avoided giving clients a resounding all clear to pile into U.S. equities Author of the article: Bloomberg News Alexandra Semenova Published Mar 24, 2025 • 3 minute read The selloff has left Wall Street conflicted about whether the time has come […]
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 […]