Business confidence slumps ahead of Spring Statement March 2, 2026 Business confidence slumped back in February as directors’ frustration with the state of the UK economy grew, new research has shown. The Institute of Directors’ latest business confidence survey has uncovered bosses’ exasperation with the UK economy and the level of employment taxes preventing them from taking on more workers. The IoD said its economic [...]
Blair think tank turns fire on Labour over wage hikes and tax squeeze March 1, 2026 Tony Blair’s think tank has published a critique of Labour’s economic strategy, warning that higher minimum wages, rising employers’ National Insurance and tougher workers’ rights risk choking off growth and pricing young people out of jobs. In a striking intervention from the former Labour prime minister’s own policy institute, the report deems the government’s labour [...]
Royal Mail owner to be grilled by MPs over delivery performance March 1, 2026 The Czech Billionaire who took over the parent company of the postal service last year is expected to face questions about the company’s failure to meet performance targets. The Business and Trade Committee has called on Royal Mail owner Daniel Kretinsky to present evidence to MPs in response to “significant concerns” raised around the service’s [...]
£9bn in housing funds sit idle in council accounts March 1, 2026 More than £9bn in developer contributions earmarked for schools, transport, healthcare and affordable housing is sitting unspent in council bank accounts, according to new research. A freedom of information survey by the Home Builders Federation (HBF) estimates that £6.6bn in Section 106 payments and £2.2bn raised through the community infrastructure levy (CIL) remain unspent. Of [...]
Sunak pushes deregulation as North Sea pressure grows March 1, 2026 Rishi Sunak has urged Rachel Reeves to go further and faster on deregulation to revive growth, as eight former UK energy ministers call on the government to rethink its stance on North Sea oil and gas. The former prime minister wrote in a Sunday Times column that Reeves deserved credit for delivering a Spring Statement [...]
Defence secretary defends UK stance on Iran as Starmer faces backlash March 1, 2026 Keir Starmer is facing mounting criticism from senior Conservatives over Britain’s response to the escalating conflict with Iran, as defence secretary John Healey confirmed UK forces are actively intercepting Iranian drones and reinforcing regional defences. Speaking on Sky News, Healey said “few people will mourn the Ayatollah’s death”. He described the Iranian regime as a [...]
Why Nike’s split with Raducanu is a conscious uncoupling March 1, 2026 When Emma Raducanu was unveiled as a new ambassador for Uniqlo in a deal reportedly worth £2.6m per year, much of the coverage framed it as another star walking away from Nike. That interpretation feels too simple. Nike does not tend to lose athletes by accident. When a relationship ends, it is usually deliberate. Rather [...]
Burnham would ‘probably’ have won by-election, says Powell February 28, 2026 Andy Burnham would have won the Gorton and Denton by-election, Labour’s deputy leader said as she called for the party to make more use of the Greater Manchester mayor. Labour fell to third in the previously rock-solid seat on Thursday, with the Greens winning a fifth seat in Parliament and Reform UK coming second. The [...]
US and Israel strike Iran as Trump calls for regime change February 28, 2026 The US and Israel have launched strikes on Iran as President Trump called for Iranian citizens to “take over” the country’s government, with Sir Keir Starmer weighing in to condemn Iran’s retaliatory strikes. Trump announced in a video broadcast on Truth Social that the US has launched “major combat operations” against Iran, adding that it [...]
Investors tremble as Iran risks oil price spiral with attack on Strait of Hormuz February 28, 2026 City analysts and policymakers are on edge as a possible attack by Iran on the Strait of Hormuz could send oil prices spiralling. Investors fear a new inflationary shock could hit major economies including the UK as a result of full-blown war between the US and Iran. Many had pinned hopes on nuclear programme negotiations [...]