Category: News

Labour has axed the Conservatives’ £950m EV rapid charging fund, redirecting £400m toward on-street infrastructure in underserved areas as part of a revised electrification strategy.

The UK government will cut green levies for over 7,000 businesses to reduce energy costs and support manufacturing, as part of a major 10-year industrial strategy unveiled by Keir Starmer.

The UK jobs market posted a modest rise in new job adverts last month, suggesting early signs of resilience despite economic headwinds and growing pressure on employers from tax increases.

Royal Mail CEO Emma Gilthorpe resigns after one year in role, as new owner Daniel Kretinsky completes £3.6bn takeover of parent company International Distribution Services.

Scottish farmers warn that meat imports from trade deal nations like Australia and Brazil could destabilise the domestic sector, as calls grow for fairer, joined-up trade policy.

Oasis will open six official merch stores across the UK and Ireland before their long-awaited reunion tour kicks off, selling exclusive items and adding to a projected £1bn fan spend.

Wine supplies to UK supermarkets could be disrupted this summer as workers at the Encirc bottling plant in Bristol go on strike over pay and collective bargaining rights.

UK public sector borrowing fell to £17.7bn in May, below forecasts, as higher national insurance receipts and lower debt interest costs eased pressure on public finances.

Retail sales in the UK fell 2.7% in May — the largest monthly drop since December 2023 — driven by weaker demand for food, clothing and homeware, according to ONS figures.

Morrisons has reported a sharp rebound in trading after a ransomware attack earlier this year disrupted product availability across its stores.

More than £1bn has now been paid to over 7,300 victims of the Post Office Horizon IT scandal, as compensation continues through four complex redress schemes.

The Bank of England leaves interest rates on hold at 4.25%, but hints at a possible cut in August as global tensions, rising oil prices, and a softening labour market cloud the economic outlook.

Shell CEO Wael Sawan warns a blockage of the Strait of Hormuz amid rising Israel-Iran tensions could severely disrupt global trade and energy markets, as oil tanker rates surge.