UK businesses slash jobs after tax raid September 4, 2025 UK employers slashed jobs at the fastest pace in four years as companies suffer the costs of tax decisions from Rachel Reeve’s Autumn Budget last year. Companies cut employment by an annual rate of 0.5 per cent in the three months to August. This is the worst figure since 2021, according to a Bank of [...]
Banks’ bond market headache spells trouble for FTSE 100 September 4, 2025 The frenzy in the bond market spells trouble for banking stocks and could create broader issues for the FTSE 100. Bond markets have had a tumultuous week, with the UK’s 30-year gilt yields hitting a 27-year high. This was triggered by a global sell-off, as well as political unease stemming from a Downing Street reshuffle [...]
Government launches consultation to ‘strengthen’ £100bn design sector September 4, 2025 The UK government has launched its most extensive review of design protection in decades, aiming to modernise the system, tackle abuse, and support the nation’s £100bn design economy. The consultation was launched by the Intellectual Property Office (IPO) as a result of problems facing the sector, including its reputation as ‘David vs Goliath’ for smaller [...]
Watch: Reeves fights back against critics ‘talking rubbish’ September 4, 2025 It’s not just Angela Rayner who finds herself on the defensive; Rachel Reeves has come out fighting – claiming many of her critics are talking rubbish. Who could she be talking about? Imagine returning from your summer break to find that your boss has poached your deputy and hired a brace of advisers to advise [...]
Rachel Reeves warned on bank tax by lobby group boss September 4, 2025 Rachel Reeves has been hit with a firm warning from the banking industry to avoid taxes on the sector or risk harming economic growth. The Chancellor has received a letter from the boss of UK Finance – a lobby group for the banking industry – which details the harm of tax on the sector. David [...]
Construction firms are ‘lagging behind’ as confidence plummets September 4, 2025 Construction firms are struggling to kick back into growth, fresh data has suggested, as more bosses are becoming worried about a bleaker future ahead. The Labour government is pinning hopes on a revival of the construction sector to build 1.5m homes by 2030. However, a new survey has raised doubts about whether Labour can achieve [...]
British billionaire trader offers interns £26k a month September 4, 2025 A billionaire trader has said interns at his trading empire would be paid $35,000 (£26,000) as firms fight to snap up the best tech talent. Alex Gerko, boss of XTX Markets, is offering postgraduates a 12 to 14-week research internship where they could pocket between $105,000 and $122,500. The position, a role commanding four days [...]
Revolut deepens Google Cloud partnership amid ambitious growth plans September 4, 2025 Revolut has announced an expanded partnership with Google Cloud, aiming to scale its services to over 100m customers while enhancing product innovation through AI and machine learning. The fintech giant, which currently serves over 60 million users globally, will leverage Google’s infrastructure to improve back-end operations, fraud detection, and personalised customer experiences. Revolut will harness [...]
Nick Clegg: Labour’s choices have left UK in ‘perilous’ place September 4, 2025 Former deputy prime minister Nick Clegg has blasted the Labour government for its poor preparations ahead of last year’s elections, which led to “ridiculous” decisions being made at least year’s £40bn tax grab in the Autumn Budget. Speaking to LBC, Clegg said Labour had made promises it could not deliver as it struggled to balance [...]
London Broncos set for takeover led by NRL legend Darren Lockyer September 4, 2025 Brisbane Broncos rugby league legend Darren Lockyer has emerged as the face of a consortium looking to take over Super League hopefuls London Broncos. Seen as one of the best rugby league players of all time, the NRL stalwart is set to lead a takeover of the Championship club in an investment boost for rugby [...]