One in four wealthy families are considering leaving Britain as Labour’s VAT raid on private school fees and looming tax hikes fuel fears over the country’s future as a home for wealth creators.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Former apprenticeships minister Robert Halfon joins Make UK in top policy role
Make UK has appointed ex-MP and former Apprenticeships Minister Robert Halfon as Executive Director of Policy and External Affairs, bringing his skills expertise to the manufacturing sector.
£1.5bn taxpayer rescue to keep Jaguar Land Rover alive after cyberattack shutdown
Jaguar Land Rover has been thrown a £1.5bn taxpayer-backed bailout after a devastating cyberattack halted production for nearly a month, threatening 150,000 jobs across the UK supply chain.
Britain ‘throwing away £2bn a year’ after scrapping VAT break for tourists, Reeves told
Britain is losing £2bn a year in tourist spending after scrapping tax-free shopping, with Reeves urged to restore VAT breaks as rivals France, Spain and Italy surge ahead.
Barclays boss warns Reeves: don’t tax growth ‘out of existence’
Barclays boss warns Rachel Reeves not to introduce new taxes on banks, saying it would “stifle growth” and risk driving jobs and lending out of Britain.
Tesco’s robot warehouse dream in chaos as tech partner collapses
Tesco’s plan to rival Ocado with robotic warehouses in tatters after tech partner Attabotics files for bankruptcy. Future of AI fulfilment push now in doubt.
Harrods data breach: luxury retail giant warns customers after hackers steal personal details
Luxury retailer Harrods hit by cyber breach as hackers steal customer data from third-party provider. Names and contact details exposed, but no payment info taken.
Branson told to rethink Eurostar rival bid as rail minister warns Kent stations ‘must be served’
Rail minister tells Richard Branson his Virgin Eurostar rival bid must serve Kent stations like Ebbsfleet and Ashford to win approval, as regulator decision nears.
Yahoo boss warns: AI is a ‘threat to publishers’ very existence’ as copyright battle heats up
Yahoo CEO Jim Lanzone warns AI poses an “existential threat” to publishers, accusing tech firms of pilfering content without consent as copyright lawsuits mount.
Reform UK tells Reeves to grab £20bn lifeline From Bank of England and scrap tax hikes
Reform UK urges Rachel Reeves to seize £20bn from Bank of England’s QE losses, arguing the move could stop tax hikes and boost household finances.
Starbucks to shut cafés and axe 900 jobs in £750m rescue plan as sales slump and UK losses mount
Starbucks will close dozens of cafés and cut 900 jobs as part of a £750m restructuring plan to revive falling sales, with UK stores among those at risk.
Ryanair sparks fury as it bans paper boarding passes
Ryanair faces backlash after banning paper boarding passes from November, with campaigners calling the move “disgraceful” and warning it discriminates against older passengers.
AI data centres to swallow 10% of global power surge — with US demand soaring to 40% by 2035, warns BP
BP warns AI data centres could consume 10% of global electricity growth by 2035 — with US demand hitting 40% — in its new World Energy Outlook.
Pound slides as Bailey hints at rate cuts if inflation falls
The pound tumbled after Bank of England governor Andrew Bailey suggested interest rates could be cut if inflation cools — sparking fresh fears for the UK economy
Government could buy Jaguar Land Rover parts to prevent job losses after cyberattack
The UK government is weighing a radical plan to buy Jaguar Land Rover parts to shield suppliers from collapse after a cyberattack forced the carmaker to freeze global production.
