Category: News

BYD is marking its second anniversary of expansion in Europe at the Paris Motor Show, showcasing its innovative electric vehicle line-up and highlighting its ambitious growth plans.

Britain is relying on just 1.13 million top-rate taxpayers to raise £124bn in income tax this year. The concentration of revenue on high earners raises concerns over Labour’s tax strategy ahead of the budget.

Saudi Arabia’s Public Investment Fund acquires a 40% stake in Selfridges, sparking optimism for the retailer’s future. The new partnership aims to revitalise the department store’s growth amid financial challenges.

Mulberry’s largest shareholder rejects a revised takeover bid from Frasers Group, calling it an “unwanted distraction” as the luxury brand works to recover from financial struggles. Frasers has until 28 October to make a firm offer.

London City Airport’s owners, including Canadian pension funds and Kuwait’s Wren House, inject £130m to reduce debt as business travel struggles to recover post-pandemic.

Boeing’s plan to cut 17,000 jobs globally raises concerns for over 4,000 UK workers, including staff at its Sheffield manufacturing facility, amid financial pressures and production delays.

Iberdrola, owner of Scottish Power, pledges £24bn investment to upgrade the UK’s energy grid and build new wind farms as part of its commitment to boost Britain’s green energy future.

UK inflation is forecast to fall below the Bank of England’s 2% target, increasing pressure on the MPC to cut interest rates, as inflation drops to as low as 1.7% in September.

The UK economy grew by 0.2% in August, driven by manufacturing and construction sectors, following two months of stagnation, according to official ONS figures.

Angela Rayner’s new employment rights plan will allow 9m workers to sue for unfair dismissal from day one of employment, sparking concerns from business leaders over potential economic impacts.

Barclays urges government to introduce tax breaks and incentives for downsizers to unlock 3.8 million homes for growing families, easing the UK housing crisis.

Rachel Reeves must raise taxes by £25 billion in the upcoming budget to prevent austerity and fund public services, the Institute for Fiscal Studies (IFS) warns.

China imposes tariffs on European brandy, targeting major French producers like Hennessy and Remy Martin, in response to EU tariffs on Chinese electric vehicles.

Business confidence has fallen for the first time in a year as fears over potential tax rises in the upcoming budget unsettle companies, according to a survey from the ICAEW.

The UK government is considering a more affordable ‘HS2-light’ line between Birmingham and Manchester, potentially 40% cheaper than the original HS2 plan, to address capacity issues on the West Coast mainline.