Category: News

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.

Consumer confidence has plunged as concerns grow that Labour’s rhetoric is dampening economic optimism. With fears of tax rises and a painful Budget, households and businesses are holding back on spending and investment.

Next has warned that it may have to close stores after losing a significant legal battle over equal pay, which could cost the retailer over £30 million.

The pound hits a two-year high, reaching $1.33, after the Bank of England holds rates steady and signals gradual monetary loosening. Analysts predict further gains, though concerns remain over the UK’s economic outlook.

The UK’s borrowing bill once again exceeded expectations in August, adding pressure on Chancellor Rachel Reeves ahead of Labour’s first budget on 30 October.

Retail sales in the UK hit a two-year high in August, as shoppers spent more on food, summer clothing, and seasonal discounts, providing a boost to the high street.

The UK government is set to introduce new measures aimed at tackling late payments by large firms to small businesses, an issue that contributes to the collapse of 50,000 SMEs every year.

The OECD has warned Chancellor Rachel Reeves of the need for significant fiscal reform to stabilise the UK’s public finances, suggesting tax reforms, changes to pensions, and increased public investment ahead of her first budget in October.

Asda co-owner Mohsin Issa steps back from daily operations to focus on his role at EG Group, as the supermarket struggles with falling market share and awaits a permanent chief executive.

UK inflation remained at 2.2% in August, while core inflation rose to 3.6%. The Bank of England is expected to hold interest rates steady at 5% in its next decision.

Labour ministers are adopting a relaxed approach to enforcing office attendance for civil servants, prioritizing flexible working over mandatory office hours.