Businesses have one defence amid ‘seismic shift’ in UK fraud law September 1, 2025 Fraud laws have received a major shake up and businesses have been sent a stark warning to be weary of the “hidden danger”. New failure to prevent fraud offence, which came into effect today, mean firms could face prosecution from fraud committed by employees – even if management was unaware of it. Large firms will [...]
AB InBev: Corona brewer’s losses near £200m despite major improvement September 1, 2025 The UK arm of AB InBev, the brewing giant behind the likes of Budweiser, Stella Artois and Corona, has now lost almost £200m since it last made a pre-tax profit after continuing in the red in 2024, it has been revealed. The London-headquartered division has reported a pre-tax loss of £20.9m for its latest financial [...]
Fan groups urge Fifa to block overseas LaLiga and Serie A matches September 1, 2025 Fifa has been urged to block plans for domestic leagues to play in-season matches overseas. Supporters’ groups say that “relocating domestic league matches abroad would set a dangerous precedent” amid news that both the Italian Serie A and Spanish LaLiga are working on staging matches overseas. AC Milan and Como are looking to play one [...]
Stamp duty overhaul could save prime London buyers £500k September 1, 2025 Buyers of prime London mansions could see huge benefits from a move to an annual property tax, according to new data. Chancellor Rachel Reeves is reportedly considering replacing stamp duty with a new national property tax on homes, as well as replacing council tax with an annual property tax. Stamp duty, which is paid in bands tied [...]
Boost pension to avoid retirement poverty graduates warned September 1, 2025 Graduates entering the workforce have been urged to begin topping up their pension pot, as retirement poverty worries continue to loom large. Nearly 90 per cent of recent university graduates believe pension planning is important, but pressing financial matters have shifted their focus away from saving for retirement, according to research from insurance provider Standard [...]
There are no incentives to buy or move home, Rachel Reeves warned September 1, 2025 Chancellor Rachel Reeves has been warned there are no incentives for people to buy or move home and that the Labour government needs to take action to ‘tackle the malaise’ in the building materials industry. John Newcomb, CEO of national trade body BMF (Builders Merchants Federation), added that “immediate intervention is now needed to thwart [...]
Keir Starmer puts Treasury manpower in No 10 at expense of Reeves September 1, 2025 Keir Starmer has made a series of new appointments that point to his drive to bolster No10’s focus on the UK economy at the expense of the Treasury. Starmer has given Darren Jones the newly-created position of chief secretary to the prime minister after he previously served as the chief secretary to the Treasury. In [...]
Sweaty Betty cuts jobs as brand returns to profit September 1, 2025 Fashion brand Sweaty Betty cut almost 100 jobs as it returned to profit for the first time since 2021. The London-headquartered business cut its workforce from 990 to 903 employees as it recovered from a pre-tax loss of £13.4m to a profit of £1.5m in 2024. New accounts filed with Companies House have also revealed [...]
The worrying bond market trend no one is talking about September 1, 2025 Spiking interest rates on the UK government’s borrowing costs have set off a fresh wave of commentary on the health of Britain’s economy. Ali Lyon explores why it is only long-dated bonds where tremors have been most pronounced, and why the U has plenty of company. What will you be doing in 30 years’ time? [...]
Outlook for UK economy ‘remains subdued’ as bosses battle cost hikes September 1, 2025 Private sector bosses are predicting activity to shrink again over the next three months when a fresh bout of inflation is expected to compound cost pressures hoisted upon them at last year’s Autumn Budget. According to the Confederation for British Industry’s (CBI) Growth Indicator, more firms expect trading conditions to worsen in the three months [...]