Category: News

Former England and Liverpool footballer John Barnes says he has repaid £2.2m to HMRC since 2017 and continues to pay £10,000 a month, rejecting negative media claims that he is avoiding his tax liabilities.

Tesla’s EU sales fell 42% in July to 6,600 cars, cutting its market share to 0.7%. Chinese rival BYD surged to 9,698 sales and 1.1% share, as overall electric vehicle sales in Europe jumped 39%.

New research from Brightmine shows men are almost 1.5x more likely to receive a bonus than women, with men’s average payout 1.8x higher. Experts warn employers must review reward practices to tackle inequality.

A new £29.6m government-backed RNA biofoundry in Darlington will accelerate the development of therapies for cancer, dementia, heart disease and infectious illnesses, strengthening UK life sciences and NHS innovation.

President Trump said he had “sacked” Fed governor Lisa Cook over mortgage fraud allegations, sparking a fall in the dollar and higher US bond yields as markets questioned the independence of the central bank.

Virgin StartUp has unveiled Momentum, a free eight-week accelerator for dyslexic entrepreneurs, as new research shows founders with Dyslexic Thinking contribute £4.6bn to UK GDP and support over 60,000 jobs.

Classic car specialist Tom Hartley Jnr has finalised the sale of Mansour Ojjeh’s unique 20-strong McLaren collection, including the final McLaren F1 ever built, preserving the ensemble as a single historic legacy.

Government figures show UK businesses paid up to £65m in 2024 on EU food export licences. Labour promises to strike a new Brussels deal by 2027 to end the costly post-Brexit scheme.

Debenhams Group is exploring the sale of Pretty Little Thing as CEO Dan Finley pursues cost savings and restructuring to revive the business, with revenue down 12% despite improved ebitda.

FT owner Nikkei and The Asahi Shimbun have filed a lawsuit against Perplexity AI, accusing the $18bn US start-up of copyright infringement and “free riding” on journalism without compensation.

Billionaire hedge fund manager Sir Chris Hohn has attacked UK and US foreign aid cuts as “cruel” after donating an extra $328m to his Children’s Investment Fund Foundation to plug funding gaps.

Business Secretary Jonathan Reynolds will meet JCB boss Graeme Macdonald after the digger giant warned that new US tariffs on British steel and aluminium products are causing “chaos” at American ports.

UK food inflation has climbed to 4.2% – its highest level since February 2024 – as rising prices for chocolate, butter and eggs add pressure to households already struggling with the cost of living.

Aldi is winning millions of loyal US shoppers with its no-frills, low-cost model. Store visits are up 51% in five years, making the German discounter America’s fastest-growing supermarket chain.