Reeves faces £20bn fiscal hole as energy crisis drives up costs March 22, 2026 Rachel Reeves is facing a potential £20bn shortfall in her spending plans as the Middle East energy crisis pushes up inflation, borrowing costs and pressure on public sector pay. The warning from the Institute for Fiscal Studies (IFS) comes as surging oil and gas prices begin to feed through into the wider economy, threatening to [...]
Iceland boss calls for profit cap on energy firms as prices surge March 22, 2026 Richard Walker has urged the government to consider imposing a temporary cap on energy company profits, warning that households risk bearing the brunt of another price shock linked to the Middle East conflict. The Iceland boss, recently appointed as a Labour peer and cost of living adviser, said ministers should examine limiting earnings for producers [...]
Sunak urges rethink on taxing jobs as AI begins to reshape hiring March 22, 2026 Rishi Sunak has called for a rethink of how work is taxed, warning that AI is beginning to shift hiring patterns as companies weigh the cost of people against automation. Writing in The Times, Sunak said employers face immediate costs when hiring through national insurance contributions (NIC), while deploying AI carries no equivalent tax burden, [...]
Clubs like Chelsea won’t be able to hide from regulator scrutiny March 22, 2026 English football is a global entertainment and cultural powerhouse, contributing more than £9bn annually to the UK economy. Matches are broadcast to hundreds of millions worldwide, with clubs operating not just as teams but as global brands. But with that status comes increased scrutiny of how clubs are run. Under the new Independent Football Regulator [...]
The UK is being “dragged into” Iran war says Badenoch March 21, 2026 Conservative leader Kemi Badenoch has said the UK is being “dragged into” the Iran war “whether we like it or not” after the nation fired missiles at joint UK-US base. Badenoch argued Starmer can longer “sit on the fence” after the attempted strikes on Saturday morning, before criticising him for not backing the US to [...]
Fortress prepares to offload Majestic Wine March 21, 2026 The owner of Britain’s biggest specialist wine retailer are drawing up plans to offload the retailer nearly seven years after its operations were bought out of its London-listed company. Fortress Investment Group is in the early stages of preparing to launch a sale of Majestic Wine, which it took control of in 2019, according to [...]
Hargreaves Lansdown services resume after technical glitch March 21, 2026 The UK’s largest DIY investment platform Hargreaves Lansdown has confirmed clients can once more access their accounts after a technical problem on Friday brought operations to a standstill. The platform reported that it was “no longer seeing” the earlier technical issues in a statement on Friday evening, with customers once more able to make transactions. [...]
Starmer to convene emergency meeting over Iran war price shock March 21, 2026 Prime Minister Keir Starmer will convene an emergency meeting of senior cabinet ministers and the governor of the Bank of England next week, as prices continue to soar amid the Middle East conflict. The meeting will discuss plans to help households with the rising cost of living caused by the war in Iran, according to [...]
Does Dyson’s Bath investment signal a new era for Prem Rugby? March 21, 2026 If there was major surprise surrounding Red Bull’s entry into Prem Rugby last year, fewer heads would have been turned by news this week of Sir James Dyson’s investment in Bath. Probably because plenty had assumed he was paying for the upkeep of the club anyway. The deal – likely a debt-for-equity swap – by [...]
Aston Martin F1’s Stroll plays down questions over team principal Newey’s future March 20, 2026 Aston Martin F1 team owner Lawrence Stroll has attempted to dampen speculation over Adrian Newey’s future following Jonathan Wheatley’s sudden exit from Audi. Wheatley’s departure from Audi was announced on Friday, following widespread reports that Aston Martin wanted to reunite him with their technical partner Adrian Newey. Design guru Newey, who worked with Wheatley for [...]