Nearly half of retail workers considering quitting over mental health Retail Nearly half of the UK’s millions of retail workers are considering quitting the sector over concerns for their mental health, as the majority report facing abuse at work. Retail is the sector in which the most workers (52 per cent) have faced verbal abuse in the past year, as 44 per cent mull quitting the [...]
Real estate firms going bust at record rate as property market slumps Property Real estate companies are going bust at the fastest rate seen in a decade, City AM can reveal, in a further sign that the UK’s property market is taking a battering. As many as 762 real estate-related businesses have become insolvent in the UK since the start of the year, a City AM analysis of [...]
GSK says AI is reshaping drug pipeline as Nuvalent deal hits shares Tech GSK has said agentic AI is already affecting every asset in its pipeline, as pharmaceutical firms race to use the technology to cut the cost and risk of developing new medicines. Speaking at London Tech Week in Tuesday, Eyal Itskovits, GSK’s director of AI and machine learning, said that the technology has officially become a [...]
CBI: 200,000 more Brits to face unemployment this year as growth crumbles June 9, 2026 The UK economy is set for further pain in the months ahead, a top business group has warned, as consumers and businesses across the country suffer the effects of the Iran conflict, surging energy prices and a raft of government tax hikes. The Confederation of British Industry (CBI) has said that around 200,000 more Brits [...]
Jeremy Hunt: Pension triple lock is an ‘anchor drag’ on economic growth June 8, 2026 Former chancellor Jeremy Hunt has warned that the triple lock on the state pension is acting as “an anchor drag on economic growth.” In an interview with City AM, Hunt said that above-inflation rises to the state pension are being funded “by more debt” on future generations and called for every major party to pledge [...]
Natwest housing finance chief: Social housing changes lives – I would know June 8, 2026 Behind every discussion about social housing are real people whose lives can be changed by the security of a permanent home, writes Paul Eyre.
‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis June 4, 2026 The boss of the UK’s most influential business group will use a landmark speech to warn that the heavy business tax burden is nudging British firms towards a “tipping point”, directly linking the Labour government’s troubles to cost pressures on firms. At a speech for the Confederation of British Industry (CBI)’s business dinner, chief executive [...]
Global trade remains ‘alive and well’ despite tariffs and war, says DHL boss June 3, 2026 From conflict in the Middle East to shifting tariffs and rising concern over Britain’s supply chain resilience, businesses are facing an increasingly unpredictable trading environment. But according to DHL Supply Chain chief executive Hendrik Venter, global trade is adapting rather than retreating. For anyone responsible for moving goods around the world, the past few years [...]
Zero-hour crackdown could wipe out seasonal work, Labour warned June 2, 2026 Labour has been warned that its controversial crackdown on zero-hour contracts could eradicate seasonal work and put even 20-hour contracts under threat. The government has said it could class 20-hour weeks as a low-hour contract and force firms to offer permanent terms after as little as 12 weeks of work. Retail and hospitality firms have [...]
Jobs crisis: UK unemployment to hit highest level in a decade June 2, 2026 Joblessness is set to hit its highest level in more than a decade as unemployment looks set to increase by 400,000 under the Labour government, according to a top business body. The British Chambers of Commerce (BCC) warns of a softening labour market, driven by falling vacancies and economic uncertainty, with unemployment projected to rise [...]