Category: News

Next’s Lord Wolfson sells a £29m stake ahead of potential capital gains tax changes in Rachel Reeves’s first Budget. Investors brace for tax hikes amidst record CGT receipts.

Quorn’s parent company, Marlow Foods, reports a £63m loss as demand for plant-based products declines. CEO Marco Bertacca cites inflation and rising costs as key challenges, but remains confident in Quorn’s mycoprotein technology.

Welsh Labour plans to revoke charitable status for private schools, adding to Sir Keir Starmer’s VAT proposals. Critics warn this could overwhelm the state school system and increase taxpayer costs.

Greater Manchester Mayor Andy Burnham warns of ‘Armageddon’ for the North without the completion of the HS2 link from Birmingham to Manchester, calling for a cheaper alternative to the cancelled northern leg.

Andy Burnham, Mayor of Greater Manchester, has warned that the North risks facing “Armageddon” unless the HS2 high-speed rail link from Birmingham to Manchester is completed.

Kiki McDonough cuts prices by 20% to offset the effects of the “tourist tax” on luxury shopping, urging the government to reconsider VAT-free shopping to boost tourism and economic growth.

KPMG forecasts UK economy to grow by 1% in 2023, double previous expectations. Experts urge Chancellor Rachel Reeves to boost public investment to sustain growth momentum in the long term.

Prime Minister Keir Starmer urges the UK to endure short-term financial pain for long-term prosperity, as Labour tackles the £22 billion deficit ahead of next month’s budget.

Goldman Sachs forecasts the pound will hit $1.40 by next year, bolstered by UK growth and a measured reduction in interest rates by the Bank of England.

GMB calls for the government to prioritise companies that recognise unions when awarding contracts after Amazon secured £1 billion in public work despite union-busting accusations.

The pace of economic growth in the UK slowed in September, as concerns about the government’s upcoming budget weighed on business activity, according to a preliminary estimate from the widely tracked PMI (Purchasing Managers’ Index).

Landlords will be banned from renting out properties that fail to meet minimum energy efficiency standards by 2030, according to Ed Miliband, Labour’s energy secretary, who will announce the policy at the Labour Party conference on Monday.

Rightmove is reviewing a third £6.1bn takeover offer from Australia’s Rea Group after rejecting two earlier proposals. The UK property website must decide by September 30.

US energy giant Holtec chooses South Yorkshire for a landmark £1.5bn factory to build small modular reactors, potentially creating 3,000 jobs and boosting the UK’s nuclear industry revival.

Labour is set to introduce new rules requiring companies to offer zero-hours staff a regular contract after three months, part of wider reforms to tackle “one-sided flexibility” in the workplace. Business leaders warn of potential costs to growth and jobs.

The Welsh Government is weighing the introduction of tax breaks to stem the tide of people leaving the country, particularly from rural areas, and to preserve the Welsh language.