Category: News

Bank of England governor Andrew Bailey warns of “substantial” issues with UK labour data, impacting interest rate decisions, while the lord mayor proposes Isa reforms to boost domestic investment.

HMRC will reduce the interest rate it charges on late tax payments to 7.25% from 18th November, following the recent cut in the Bank of England’s base rate.

The Post Office’s proposed closure of 115 branches amid a financial shake-up has sparked backlash, threatening jobs and vital community services as reliance on cash access grows.

Barclays has introduced the Business Prosperity Index, a new quarterly report offering a detailed view of UK business performance and growth opportunities.

UK farmers are set to withhold meat and crop supplies from supermarkets in a national strike protesting Labour’s inheritance tax changes, impacting food security and traditional family farming.

Five years after the pandemic, 41% of UK workers still work from home at least part-time, with hybrid working common among educated professionals and parents. Discover the latest trends.

UK wage growth slows to a two-year low, with unemployment reaching 4.3%. The Bank of England may hold interest rates as inflation pressures persist. Discover the latest data.

Co-op research finds that 70% of people from lower socioeconomic backgrounds face barriers to career or education opportunities, highlighting the need for improved social mobility in the UK.

NatWest has repurchased £1bn in shares from the UK Treasury, reducing the government’s stake to 11.4% in a move towards full privatisation. Discover more about the bank’s latest milestone.

MPs and business groups are urging Lloyds to publish an unredacted review into the HBOS fraud, amid concerns of a cover-up and calls for transparency. Discover the latest on this long-delayed report.

A 20% tariff on UK imports to the US under Trump’s trade policy could cost the UK £22bn in exports, impacting sectors like fishing, petroleum, and pharmaceuticals. Read more on potential economic effects.

Bitcoin hits a record $80,000 after Trump’s election victory, driven by promises to make the US a “crypto capital” and strip back regulations. Crypto markets brace for potential deregulation and SEC shakeup.

The Entertainer toy chain has scrapped plans for two new UK stores, citing increased National Insurance costs announced in the Budget. Rising employer taxes are prompting businesses to reconsider UK investments.

Sainsbury’s reported a 5% increase in food sales, bolstered by market share growth, yet struggled with a 5% decline at Argos due to challenging market conditions. Learn more about its performance and outlook.

The Bank of England has reduced interest rates to 4.75% amid easing inflation and wage growth, providing potential relief for UK businesses and consumers facing economic pressures.