Category: News

Mark Stewart of Stewart Golf quits the UK’s ‘export champions’ scheme, citing ‘anti-business’ Labour policies and a lack of optimism for small exporters. 

New rules raise UK wine and spirits duty from Saturday while slashing tax on draught pints by 1.7%. Discover how higher costs, changing ABV rules, and mounting business pressures will affect the drinks industry.

Roman Abramovich could owe up to £1bn in unpaid taxes, warn MPs urging an HMRC investigation. Discover how leaked files suggest his offshore investments were managed from the UK—potentially triggering a domestic tax bill.

Millions of taxpayers risk a £100 fine if they miss tonight’s self-assessment deadline. HMRC warns side businesses and online sellers on platforms such as eBay and Vinted to file returns accurately under new data-sharing requirements.

US President Donald Trump confirms a 25% tariff on Canadian and Mexican imports from 1 February, with possible duties on oil. China faces renewed tariff threats over fentanyl concerns, rekindling trade war fears. Discover the implications for consumers and global markets.

Homebase collapsed into administration owing over £650m to unsecured creditors. Discover how mounting debts, a lapsed lending facility, and a pre-pack sale led to one of the UK’s biggest retail casualties.

Donald Trump’s social media venture, Trump Media & Technology Group (TMTG), has unveiled plans to expand into cryptocurrency and fintech services through a new brand dubbed Truth.Fi.

Chancellor Rachel Reeves has given her official backing to plans for a third runway at Heathrow, arguing that the expansion could create more than 100,000 jobs and significantly boost the nation’s economic output.

Jaguar Land Rover (JLR) has reported a 17% drop in quarterly profit, down to £523m in the final three months of last year, even as the automotive group achieved its best third-quarter revenue on record. The company’s sales for the period rose 2% year-on-year to £7.5bn.

Lloyds Banking Group has announced plans to close another 136 high-street branches across the UK, with 61 Lloyds, 61 Halifax and 14 Bank of Scotland sites scheduled to shut between May and March 2026.

Rachel Reeves is set to announce an ambitious package of measures aimed at jump-starting Britain’s flagging economy, as she positions her government’s growth drive alongside Margaret Thatcher’s 1980s approach to deregulation.

Rachel Reeves has called on ministers to seize new opportunities for raising living standards, telling MPs that the country needs to go “further and faster” to boost growth.

Amazon is moving ahead with plans for drone deliveries in Darlington, seeking CAA approval for its Prime Air service and joining broader efforts to enable commercial drone flights across the UK.

Rents across the UK have fallen slightly for the first time in more than five years—although tenants in London are still seeing new highs, according to fresh data from Rightmove.