Barclays records £110m loss linked to failed US lender Tricolor and discloses £20bn exposure to private credit amid rising scrutiny of the sector.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
JCB invests £100m to modernise flagship UK factory and secure 8,000 jobs
JCB unveils £100m overhaul of its Rocester headquarters, safeguarding 8,000 jobs and boosting UK manufacturing productivity.
Jaguar Land Rover cyber attack confirmed as UK’s most costly, with £1.9bn impact
The cyber attack on Jaguar Land Rover caused £1.9bn in damages, the most expensive in UK history, disrupting 5,000 firms and global supply chains.
UK inflation holds at 3.8% in September, fuelling hopes of earlier rate cut
UK inflation held steady at 3.8% in September, below Bank of England forecasts, boosting expectations of an interest rate cut before year-end.
Morrisons to shut 103 outlets including cafés, florists and pharmacies in major restructure
Morrisons to close 103 outlets — including cafés, florists and pharmacies — as part of a restructuring plan to refocus investment and cut costs.
Government borrowing surges to £20bn in September as Reeves faces mounting pressure ahead of tax-heavy Budget
UK borrowing hit £20bn in September, the highest in five years, piling pressure on Rachel Reeves to deliver tax rises in her upcoming Budget.
‘Henrys’ braced for harsher Budget as analysts warn effective tax rate could exceed 60%
High-earning professionals earning around £100k face tougher taxes under Rachel Reeves’ Budget as freezes and pension relief changes push rates above 60%.
Waymo to launch autonomous ride-hailing in London in 2026 as race with Uber and Lyft intensifies
Waymo will launch autonomous ride-hailing in London in 2026, competing with Uber and Lyft as the UK accelerates AV adoption.
Reeves to announce £6bn ‘blitz on business bureaucracy’ ahead of tax-heavy Budget
Rachel Reeves to scrap red tape in £6bn business bureaucracy blitz as Budget looms, amid pressure over likely tax rises targeting firms and the wealthy.
Labour urged to reconsider scrapping youth minimum wage rates as ‘Neet’ numbers near 1 million
Thinktank warns equalising minimum wage could price young people out of work as Neet levels surge towards 1 million in the UK.
Top 1% of UK taxpayers now contribute a third of income and capital gains tax
Top 1% of UK earners paid 33% of income and CGT in 2023/24, fueling debate over tax strategy as non-dom abolition prompts high-net-worth departures.
Ed Miliband signals potential VAT cut on energy bills as affordability pressures grow
Ed Miliband hints VAT on energy bills could be cut in November’s Budget as the government faces mounting pressure to act on the cost-of-living crisis.
Innovate UK unveils £1m Agentic AI Prize to accelerate breakthroughs in manufacturing, health and creative sectors
Innovate UK launches £1m Agentic AI Pioneers Prize to drive innovation across manufacturing, health and creative sectors, with cash awards and expert mentorship.
Profit warnings surge as weak consumer confidence hits UK-listed firms ahead of Budget
EY reports a three-year high in profit warnings citing weak consumer confidence, as uncertainty spreads from businesses to households ahead of November’s Budget.
Osborne warns Reform UK ‘not fiscally fit to run the economy’
George Osborne says Reform UK “cannot be trusted” on the economy and urges Kemi Badenoch to win back voters by doubling down on fiscal credibility.
