Category: News

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.

Sir David Attenborough has become the oldest-ever Daytime Emmy winner at 99, honoured for Netflix’s Secret Lives of Orangutans. The legendary naturalist beat Martha Stewart and Anthony Mackie and now holds awards across every era of modern television.

A new report suggests 1,800 wealthy non-doms have left Britain since Rachel Reeves scrapped the tax regime in April — 50 per cent more than forecast — raising questions over whether her flagship plan to raise £34 billion will meet its target.

Bank of England governor Andrew Bailey has said Brexit’s economic impact will be “negative for the foreseeable future,” though the UK economy will gradually adapt. His remarks echo warnings from chancellor Rachel Reeves ahead of next month’s budget.

Veteran investor Ron Conway has quit the Salesforce Foundation board in protest at CEO Marc Benioff’s public backing of President Trump and demand for National Guard deployment in San Francisco, exposing a rare public fracture in tech-sector philanthropy and governance.

More than 400 companies have received awards under the UK government’s Fair Payment Code, recognising firms that pay suppliers quickly and transparently. The initiative aims to tackle the country’s £11bn late-payment problem and promote a positive payment culture.

Britain has imposed 90 new sanctions targeting Russian oil exports, shadow tankers, and refineries in India and China. Chancellor Rachel Reeves said the measures will “cut off Putin’s war funding” ahead of G7 talks in Washington.

Washington has accused Beijing of betraying a trade truce after China tightened export curbs on rare earth materials. US officials called the move “economic coercion” and warned of new tariffs, heightening fears of a renewed trade war.

India’s exports to the US have fallen 40% in four months as Trump’s 50% tariffs take effect, hitting textiles, jewellery and engineering goods. Talks are under way to ease tensions and rescue a trading relationship worth $190bn.

The PRA and FCA have cut the deferral period for senior banker bonuses from eight years to four, in the latest post-crisis reform aimed at boosting the City’s global competitiveness while maintaining safeguards against excessive risk-taking.

Donald Trump’s Turnberry and Aberdeenshire golf resorts reported smaller annual losses despite strong growth in turnover, as Eric Trump said sustained investment and new tournaments are helping to raise their international profile and drive a future return to profitability.

As the deadline passes for PPE Medpro to repay £122m over a breached COVID PPE contract, the company remains in administration, and the DHSC faces a growing risk of recovering nothing.

UK unemployment has risen to 4.8%, its highest level since 2021, as wage growth cools sharply to 4.7%. Economists say the data signals a loosening labour market and could pave the way for Bank of England rate cuts next year.

Retail sales growth slipped to 2.3% in early October, new BRC and KPMG figures show, as wet weather, high inflation and fears of tax rises in Rachel Reeves’s upcoming Budget dampened consumer confidence ahead of the key Christmas trading season.

The University of Edinburgh’s EPCC has secured €10m to launch the UK AI Factory Antenna, a major UK–EU project to accelerate AI adoption in science, business and public services and strengthen European research collaboration.