Category: News

Chancellor Rachel Reeves eyes economic opportunities in China while sticking to her strict borrowing limits, as the UK faces rising bond yields and mortgage uncertainties.

UK’s 10-year gilt yield hits 4.82%, its highest since the global financial crisis, fuelling inflation concerns and threatening the chancellor’s fiscal targets.

Britain’s supermarkets brace for a 4.2% surge in food prices this year, warns the BRC, as higher employer NI contributions, wage hikes and packaging levies push costs upward.

Sterling posts its steepest three-day loss in nearly two years as surging UK bond yields reach multi-decade highs, stoking concerns over fiscal policy and growth.

Rachel Reeves heads a government delegation to Davos 2025, meeting global investors and British business leaders to boost UK infrastructure and green energy funding, amid tensions over higher employer national insurance.

Neville Taylor, linked to more than 400 UK firms, has been banned from directorships for nine years after an Insolvency Service probe found he helped struggling businesses dodge millions in debts, “subverting the insolvency system.”

Debt-laden Asda has emerged as the weakest performer among Britain’s biggest supermarkets this festive season, as new data from Kantar shows a steep 5.8 per cent drop in sales over the 12 weeks to 29 December, dragging its market share down from 13.5 per cent to 12.5 per cent.

Shein faces fierce scrutiny from UK MPs over forced labour concerns in Xinjiang, casting serious doubt on its proposed London IPO and £50bn valuation.

JPMorgan Chase is reportedly poised to mandate a full five-day office week for thousands of its employees, signalling a further clampdown on remote and hybrid working models introduced during the pandemic.

Mark Carney, former Bank of England governor and climate-focused economist, is weighing a bid for Canada’s premiership following Justin Trudeau’s resignation.

Britain’s retailers have suffered another blow after budget-conscious consumers reined in their Christmas spending, disappointing hopes of a bumper festive season and leaving the “golden quarter” with only muted growth.