Category: News

Beijing has vowed retaliation if Donald Trump imposes 100% tariffs on Chinese imports, reigniting fears of a renewed U.S.–China trade war and wiping trillions off global markets as investors brace for further economic turbulence.

The Co-op has warned that 60,000 small shops and 150,000 jobs could vanish unless the Government delivers urgent business rates reform, as new research shows most Britons doubt ministers will act to save struggling high streets.

Lloyds Banking Group has increased its car finance mis-selling provision by £800m, taking the total to £1.95bn, as the FCA pushes ahead with an £11bn compensation scheme for UK drivers.

Lloyds Banking Group is sending CEO Charlie Nunn and 300 senior leaders through a six-month Cambridge-designed AI bootcamp as part of its push to make artificial intelligence central to its banking and digital strategy.

Following a £122m High Court ruling, PPE Medpro’s consortium says it is willing to engage in settlement talks with administrators — as questions mount over the government’s refusal to resell £85m worth of gowns.

The LDC Top 50 2025 celebrates the UK’s most ambitious entrepreneurs, with Mark Fitzgerald of CTR Group named overall winner and standout business leaders recognised for innovation, impact, sustainability and resilience across the UK.

The government has announced up to £50 million to accelerate mental health research, putting people with lived experience at the centre of innovation to develop more effective treatments and strengthen the UK’s life sciences sector.

Reform UK leader Nigel Farage is set to meet Ineos billionaire Sir Jim Ratcliffe before Christmas as he steps up efforts to win over business figures critical of Britain’s clean energy, tax and industrial policies.

Kemi Badenoch has pledged to abolish stamp duty as part of her new “golden rule” for public finances, promising to fund tax cuts and reduce the deficit through £47bn in savings while reigniting Britain’s housing market.

The Confederation of British Metalforming has welcomed JLR’s staged production restart and supplier funding scheme but warned that smaller manufacturers still face severe liquidity pressures, urging banks and government to act quickly to protect UK automotive supply chains.

Kemi Badenoch will announce a ‘golden rule’ for public spending and unveil a flagship tax cut in her Conservative conference speech, aiming to put the economy at the centre of her leadership and boost the party’s growth message.

JPMorgan Chase has been named the world’s most AI-advanced bank for a third year running, leading the 2025 Evident AI Index. UK lenders HSBC and Lloyds improved their positions but continue to trail US rivals on AI talent.

The FCA has unveiled plans for a £9bn compensation scheme covering 14 million car finance deals mis-sold through discretionary commission arrangements. Average payouts are expected to be £700 per driver, with redress starting next year.

Ineos is cutting 60 jobs at its Hull chemicals plant, blaming cheap Chinese imports, soaring UK energy costs and weak government protection for putting Britain’s manufacturing sector under severe strain.