Conservative leadership hopeful Robert Jenrick has pledged to unite a divided party and introduce economic policies that would see a 2p reduction in income tax. Speaking on GB News, Jenrick outlined his vision for a more cohesive Conservative Party, while emphasising his business background as a key driver of his economic strategy. “I’ve got friends […]
In a sharp escalation of tensions between Brussels and Elon Musk, one of the European Union’s top officials, Věra Jourová, has branded the billionaire tech entrepreneur a “promoter of evil” over his handling of X, formerly known as Twitter. Jourová, who oversees the EU’s efforts against online misinformation and hate speech, accused Musk of enabling […]
Tesco and Shell have struck a deal to purchase the entire output from the Cleve Hill solar farm, the UK’s largest solar project, which was initially planned to power 100,000 homes. The agreement sees 65% of the farm’s electricity going to Tesco’s supermarkets, while Shell will manage the remaining 35% for its growing network of […]
Ryanair has issued a stark warning to the UK government, threatening to cut hundreds of flights if Chancellor Rachel Reeves raises air passenger duty (APD) in the upcoming Budget. Michael O’Leary, Ryanair’s CEO, said any increase in APD, particularly on domestic flights, would severely impact customer demand and make certain routes economically unfeasible. O’Leary voiced […]
Hollywood director Alex Proyas, known for his work on the 2004 sci-fi film I, Robot, has accused Elon Musk of copying design elements from the movie for Tesla’s latest products. In a post on X (formerly Twitter), Proyas shared side-by-side images of his film’s robots and futuristic vehicles next to Musk’s Tesla Optimus robot and […]
The International Monetary Fund (IMF) has called on Chancellor Rachel Reeves to introduce tax increases and tighten government spending in the upcoming budget, warning that delaying such measures could exacerbate the UK’s public finance problems. In a pre-released section of its *Fiscal Monitor* report, the Washington-based organisation highlighted the UK and the United States as […]
UK inflation has dropped to its lowest level since April 2021, slipping below the Bank of England’s 2% target for the first time in years. The latest data from the Office for National Statistics (ONS) shows annual inflation at 1.7% in September, down from 2.2% in August, a figure far lower than City analysts’ predictions […]
Sir Keir Starmer has left the door open for an increase in employers’ national insurance contributions, despite Labour’s election pledge not to raise taxes on working people. The prime minister confirmed that “tough” decisions would need to be made in the upcoming budget, but stressed Labour’s commitment to its manifesto promises. During the election campaign, […]
The UK is set to create nearly 38,000 jobs and attract £63 billion in investment following the International Investment Summit, which focused on infrastructure, technology, and net zero initiatives. This year’s record-breaking total more than doubles the £29.5 billion secured at last year’s Global Investment Summit. The government attributed the surge in investment to planning […]
Stellantis, the parent company of Vauxhall, Fiat, Citroen, and Peugeot, is set to decide the fate of its UK factories within weeks amid ongoing disagreements with the Government over electric vehicle (EV) sales targets. In June, Stellantis warned it may need to close its Ellesmere Port and Luton plants unless ministers reconsider rules that require […]