Category: News

The Post Office is seeking a major fee rise from high street banks, aiming to secure £350m–£400m annually for cash services and to boost postmasters’ pay. Discover why this deal is critical amid branch closures and the Horizon IT fallout.

Elon Musk calls for a “new election in Britain” as Labour’s poll numbers slump. Polls show voters deem Starmer’s party “incompetent” and “unsuccessful,” bolstering support for Reform UK.

Nick Clegg, former UK deputy prime minister, departs Meta after six years, handing the policy reins to Joel Kaplan. Learn how his exit sets the stage for a new chapter in Meta’s global affairs amid ongoing scrutiny and political challenges.

Morgan Stanley quits Mark Carney’s Net Zero Banking Alliance, joining a string of US banks leaving the climate coalition and highlighting net zero policy tensions.

Tesla’s annual deliveries have fallen for the first time in a decade, slipping 1.1% in 2024 as Chinese rival BYD gains ground.

Lidl posts its best UK Christmas to date, with a 7% sales rise driven by budget-friendly champagne and party food. Discover how the discounter continues to challenge bigger rivals despite an industry-wide spending slowdown.

Record-high shop closures are forecast for 2025 as business rates relief is cut, piling pressure on UK retailers and threatening the viability of independents.

Economists predict the Bank of England will cut rates at least four times in 2025, aiming to bolster economic growth amid persistent wage inflation and rising costs.

The Bank of England’s plans for a “digital pound” have run into fresh skepticism, with concerns over privacy, costs, and conspiracy theories putting a possible Britcoin launch in doubt before 2030. Meanwhile, global momentum for retail CBDCs wanes.

David Beckham’s business empire has delivered a bumper payoff worth almost $36 million, thanks to surging profits at DRJB Holdings, the company behind his global licensing deals.

Over 400 pubs across England and Wales have closed in 2024, pushing the total below 39,000. Rising costs, looming tax hikes, and diminished rates relief threaten even more closures in the coming year.

British companies are gearing up for a stronger start to 2025, with fresh data suggesting that the majority expect higher turnover and increased hiring in the new year—welcome news for Labour’s pledge to revive the country’s sluggish economic growth.

The Issa brothers plan to float their petrol station empire, EG Group, in the US at a potential £13bn valuation.

Luxury yacht maker Sunseeker faces criticism after announcing temporary layoffs for early 2025, citing supply chain disruption. Discover how the firm is supporting affected staff and its response to “Scrooge-like” accusations.