Category: News

UK business confidence has plunged to a two-year low, hit by rising taxes and global tariff uncertainty. ICAEW warns 2025 growth may fall below official forecasts.

UK wage growth rose to 5.9% in the three months to February despite falling job vacancies and a cooling labour market. Economists warn payroll tax hikes may slow hiring.

JP Morgan CEO Jamie Dimon warns of “considerable turbulence” and a 50% chance of US recession as Trump’s tariffs fuel inflation, stall hiring, and trigger market volatility.

A clear majority of UK voters believe the government should prioritise strengthening trade ties with the EU over pursuing a new economic deal with the United States, according to new polling released this weekend.

FTSE 350 CFOs adopt defensive strategies as Trump’s tariffs and UK tax rises create fresh uncertainty, with businesses slashing costs and focusing on cashflow and debt reduction.

Labour faces calls to act on “exorbitant” electricity prices as UK manufacturers warn of more British Steel-style bailouts unless energy costs are brought in line with Europe.

Ports across the UK and mainland Europe are becoming increasingly congested as the US-China trade war forces hundreds of vessels to divert or stall, causing widespread disruption in global shipping routes.

Lotus will cut up to 270 UK jobs as part of a business restructure driven by volatile global conditions and new US tariffs on its UK-built sports cars, including the Emira and Evija.

Parliament will be recalled on Saturday for an urgent debate on British Steel’s Scunthorpe plant, with the government considering taking control of the business.

Gold hits a record $3,223.72 an ounce as investors seek safe-haven assets amid escalating US-China trade tensions, a weakening dollar, and rising bets on interest rate cuts

The UK economy grew 0.5% in February, beating expectations and easing concerns over Trump’s tariffs. Broad-based growth in services and manufacturing helped drive the rebound, ONS data shows.

The number of jobseekers rose at the fastest pace since 2020 in March, as redundancies increased and job vacancies fell, according to KPMG and REC. Permanent placements continue to decline.

Former cabinet minister Penny Mordaunt faces backlash from health campaigners after becoming an adviser to British American Tobacco, despite abstaining from key anti-smoking legislation.

Shadow Business Secretary Andrew Griffith MP unveils bold new Conservative business strategy, calling on UK entrepreneurs and industry leaders to shape policy ahead of the next general election

Gas boiler installations in the UK outpaced heat pump fittings by more than 15 to one last year, highlighting how far the country still has to go in meeting its clean energy targets.