Category: News

The Bank of England has held interest rates at 4% as policymakers weigh stubborn inflation and weak growth ahead of Chancellor Rachel Reeves’ crucial November Budget.

High earners are investing record amounts — £10.5 billion in a year — into offshore bonds in Ireland, Luxembourg and the Isle of Man, as looming UK tax rises drive demand for tax-deferral opportunities.

Sir Charlie Mayfield warns Britain risks an “economic inactivity crisis” as sickness drives 800,000 out of work, costing employers £85bn a year and the economy £212bn.

Michael Burry, famed for predicting the 2008 crash, bets $1.1bn against Nvidia and Palantir as Wall Street warns of an AI bubble and possible 10% market correction.

Chancellor Rachel Reeves sets the scene for a manifesto-breaking Budget tax raid, blaming Brexit, Tory austerity and global turmoil as she claims the economy ‘is not working as it should’.

The British Chambers of Commerce has warned of a “deeply concerning” gap between small and large UK exporters, urging government action to help micro businesses benefit from new trade deals ahead of International Trade Week.

Asda has sold Leon back to co-founder John Vincent after criticism the supermarket was “destroying” the healthy fast-food brand, marking a dramatic U-turn four years after its £100m sale to the Issa brothers.

Mulberry CEO Andrea Baldo has warned that Britain’s “unfair” tax regime is damaging competitiveness, urging Labour to reinstate VAT-free shopping for tourists to revive investment, jobs, and high street sales.

The Stephen Lawrence Day Foundation and Institute of Directors have unveiled a joint scholarship to accelerate the careers of exceptional Black leaders, offering fully funded training, mentoring and IoD membership from October 2025.

Ministers face scrutiny after claiming credit for aiding Jaguar Land Rover’s supply chain, despite the carmaker not drawing on a £1.5bn government-backed loan facility set up following a crippling cyberattack.

The Bank of England is poised for a finely balanced vote next week on whether to cut interest rates to 3.75%, as falling inflation meets fresh concerns over growth and looming tax rises in Rachel Reeves’s upcoming budget.

More than 100 business and charity leaders have signed an open letter calling on ministers to “lead the country’s transition toward a shorter working week”, amid a growing row over the future of the four-day week in local government.

The number of pensioners paying a punishing 60 per cent income tax rate has more than doubled in just three years, as frozen tax thresholds drag tens of thousands more older savers into higher tax bands.