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Business

  • Revolut, Wayve and Elevenlabs join European tech sovereignty push

    June 1, 2026

    The founders behind some of Europe’s biggest technology success stories, including Revolut, Wayve and ElevenLabs, have launched a new push for European tech sovereignty as the continent seeks to build homegrown rivals to Silicon Valley. More than 100 startup founders and chief executives have joined a new ‘built in Europe’ campaign spearheaded by venture capital [...]

  • House prices will fall by two per cent this year – the most since the financial crisis

    June 1, 2026

    House prices will fall by two per cent for the first time since the financial crisis this year, according to Savills, which warned mortgage hikes as a result of the Iran war had “fundamentally changed the outlook for the housing market”. The property giant was forced to revise down its property price forecast for 2026 [...]

  • UK music tech faces scale-up crunch as growth funding collapses

    June 1, 2026

    Britain’s music tech sector is facing a scaling crisis, with funding for growth-stage firms collapsing by 90 per cent over the last five years despite the rapid rise of AI and growing investor interest in music licensing infrastructure. A new report from industry body Music Technology UK (MTUK) found investment into growth-stage music tech companies [...]

  • BCG, Bain and Alvarez & Marsal to ramp up entry level hiring despite AI fears

    May 31, 2026

    Three of the UK’s largest management consultancies are boosting the amount of young people and graduates they recruit this year amid sector-wide concern that AI will disrupt junior hiring.  Both Bain & Co and Alvarez & Marsal’s UK bosses said they will be stepping up the amount of junior hires over the next few years [...]

  • NATO military chief presses UK to accelerate defence pledges

    May 31, 2026

    Nato’s military chief has urged Britain and other allies to speed up the delivery of their defence pledges.  Admiral Giuseppe Cavo Dragone, Nato’s military committee chair, said he is “frustrated” by the UK and its allies’ commitments to spend on defence which he said do not stand if there is no equipment to show for [...]

  • Ministers back SNP probe as Sturgeon refuses to apologise for Murrell

    May 31, 2026

    Two top government ministers have backed an inquiry into the SNP after its former chief executive Peter Murrell admitted to embezzling over £400,000 from the party. Shadow home secretary Chris Philp told the BBC’s Sunday With Laura Kuenssberg that there “should definitely be an inquiry because trust in politics has been fundamentally undermined by the [...]

  • Key Mandelson file withheld by Cabinet

    May 31, 2026

    The Cabinet Office will not release a key document linking to Peter Mandelson’s vetting following police warnings that it could derail the ongoing investigation into the disgraced peer. Government officials will not release the summary document, complied by the UK Security Vetting Agency (UKSV), following advice from Scotland Yard that it could jeopordise prosecuting Mandelson [...]

  • Streeting suggests North Sea drilling and NI cuts in latest pitch

    May 31, 2026

    Former health secretary Wes Streeting has suggested cutting national insurance and issuing new North Sea oil drilling licenses as he continues to make his leadership pitch. In an interview with the Sunday Times, Streeting set out a series of policies ahead of a potential leadership contest expected within the coming months in Westminster, including drilling [...]

  • Manchester City and Spygate prove lawyer gulf is opening in football

    May 31, 2026

    In February 2023, Manchester City fans unfurled a banner at the Etihad Stadium bearing the words “Pannick on the streets of London”. This play on The Smiths’ 1986 song referred to Lord David Pannick KC, the barrister hired to spearhead the club’s defence against 115 charges for alleged breaches of the Premier League’s financial rules. [...]

  • ‘Defining moment’: UK’s largest train operator enters public ownership

    May 31, 2026

    Ministers have hailed the nationalisation of the of the largest train franchise as a ‘defining moment’ as the government pushes forward with nationalising the railway. Transport secretary Heidi Alexander hailed the nationalisation of Govia Thameslink Railway (GTR), with its services accounting for one in six train journeys in the UK. Its four brands, Southern, Thameslink, [...]

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