Reeves’ tax hikes ‘won’t bring inflation down anytime soon’, Smeg warns September 18, 2025 The tax hikes introduced by Chancellor Rachel Reeves in last year’s Autumn Budget will mean it is “sometime” before inflation gets down to the government’s two per cent target, the UK arm of kitchenware brand Smeg has warned. The Abingdon-based division said the increase to employers’ National Insurance contributions, which came into effect in April, [...]
Was this actually Starmer’s best week? September 18, 2025 £150bn of investment has been pledged by US giants, itching to pour their money into the UK – including more than £30bn to turbocharge our artificial intelligence base. The choreography was masterful, and I don’t just mean the military and Royal welcome dolled out to the Trumps and their entourage, although it was pretty spectacular. [...]
Bank of England holds interest rates and slows down QT to £70bn September 18, 2025 The Bank of England’s Monetary Policy Committee (MPC) voted 7-2 to hold interest rates amid sticky inflation, with a decision to slow down its quantitative tightening (QT) process also made in light of febrile markets raising borrowing costs. MPC members made a dual decision at its September meeting on interest rates and the sale of [...]
Former IoD boss banned as a director over Covid bounce back loan abuse September 18, 2025 A former boss of the Institute of Directors has been banned as a company director after being found to have breached Covid loan rules. Anna Daroy, who served as interim Chief Operating Officer and later as interim Director General of the Institute of Directors from October 2018 to November 2019, has been accused of obtaining [...]
Le Cordon Bleu London announces winner of record scholarship September 18, 2025 Le Cordon Bleu London awarded its largest-ever scholarship prize last week, marking 130 years since the school was founded. The 2025 Scholarship Competition concluded on Monday with 27-year-old Emma Keenan from Enniskillen, Northern Ireland, announced as the overall winner. Keenan impressed judges with her Savoury Choux Ring featuring mushrooms, mascarpone, hazelnut and parmesan craquelin. The [...]
Ryder Cup should be reserved for free-to-air TV, say nine in 10 golf fans September 18, 2025 Nine in 10 golf fans believe the Ryder Cup should be added to the UK’s so-called crown jewels of sports broadcasting and made available on free-to-air TV. Sky Sports has held the exclusive live rights to the biennial golf contest between Europe and the US for the last 30 years, during which the event has [...]
Michael Vaughan issues Autumn Budget plea to Rachel Reeves September 18, 2025 Cricket legend Michael Vaughan has issued a plea to Chancellor Rachel Reeves to help out start-ups and small-to-medium-sized (SMEs) businesses in her Autumn Budget on 26 November. Vaughan, who has recently invested in health and wellness supplement start-up Uthful, hit out at the employers’ National Insurance increase included in last year’s Autumn Budget for causing [...]
Mercury13 acquires Bristol City as fund expands into English football September 18, 2025 Women’s football investment fund Mercury13 has entered the English market, acquiring a majority stake in second tier Bristol City Women. The Juan Mata and Giorgio Chiellini-backed investment vehicle is adding to its portfolio, which counts FC Como Women as its crown jewel, by forging a presence in the West Country. The deal, subject to league [...]
Losses almost tripled at Sale Sharks owner’s £1bn empire before takeover September 18, 2025 Losses at the empire built up by Simon Orange, the self-made millionaire who co-owns rugby union side Sale Sharks, almost tripled in the year before being taken over. Cheshire-based CorpAcq counts more than 40 businesses as part of its portfolio including the likes of Cotton Traders but does not include the Prem Rugby club. The [...]
UK Treasury questions OpenAI, Microsoft, Meta over AI in financial services September 18, 2025 The Treasury Committee has sent letters to six major technology firms, including OpenAI, Microsoft, Meta, and Amazon, seeking detailed information about the role they play in providing AI services to the UK financial sector. The correspondence is part of the Committee’s inquiry into AI in financial services, ahead of forthcoming sessions with regulators and HM [...]