Category: News

Sainsbury’s announces 3,000 head office job cuts and café closures in a £1bn cost-saving drive, as it contends with rising costs and redefines its store strategy.

Rachel Reeves unveils an amendment to ease non-dom tax rules amid a surge in UK millionaire departures, aiming to keep Britain attractive to global wealth.

Rachel Reeves unveils plans to reform the UK’s visa regime, targeting AI and life sciences talent to spur economic growth. Amid rising sponsor licence fees and tight compliance rules, experts warn UK businesses need assurances to attract overseas specialists.

The UK’s long-term sickness bill is soaring to over £65bn, with 2.8 million claimants baffling experts and policymakers. A House of Lords committee suggests the benefits system itself may be fuelling the crisis, as figures reveal incentives to claim ill-health payouts over returning to work.

Rachel Reeves has declared that “growth must trump other things” as the Treasury backs plans to expand the UK’s main airports. In a move likely to spark tension with senior Labour figures, she told Davos delegates that Britain’s economy comes first, fuelling debate over net zero priorities and airport expansion.

Rishi Sunak is set to embark on an academic chapter of his career after securing two high-profile posts at Oxford and Stanford universities.

Government borrowing hit £17.8 billion in December, surpassing forecasts by £3.2 billion amid higher public sector pay, inflation-linked benefits and one-off spending, intensifying the debate over the chancellor’s fiscal rules.

Cheaper ‘pocket money’ toys priced under £10 soared in 2024 as UK parents cut costs and adult collectors fuel demand for cuddly and collectible mini-figurines.

Volkswagen warns that Donald Trump’s proposed 25% tariff on Mexican car imports could harm consumers and the global auto sector, risking a new North American trade war.

The Treasury moves to intervene in a Supreme Court case over motor finance mis-selling, aiming to keep potential multi-billion-pound compensation claims “proportionate.”

Unemployment has edged higher in the UK while the number of job vacancies has fallen to its lowest level in more than three years, signalling that employers pulled back on hiring after Chancellor Rachel Reeves’s October budget hiked national insurance contributions.

Two-thirds of UK entrepreneurs believe Donald Trump’s second term will be “good for business,” despite concerns over tariffs and market volatility.

Bitcoin soared to a new all-time high ahead of Donald Trump’s inauguration for his second term as US president, topping $109,000 before settling around $108,214 — up 6.5 per cent.

Nigel Farage rates his odds at 25% to become PM within four years. Business Matters explores what it could mean for UK politics and the future of the Conservative Party.