Royal Mail to cut thousands of jobs in sweeping overhaul Business Royal Mail will cut as many as 2,500 jobs as part of a root-and-branch overhaul that the ailing postal service hopes will reduce its overheads at a time of dwindling usage and scrutiny over its delivery performance. The group, which was bought off the London Stock Exchange by Czech billionaire Daniel Kretinsky in 2024, unveiled [...]
FRC Chair-in-waiting grilled over holding seven other board roles Regulation MPs have raised concerns over whether the former chief executive of Virgin Money can realistically juggle her role as Chair of the Financial Reporting Council (FRC) alongside seven other board and chair positions. Dame Jayne-Anne Gadhia was named by the government on Monday as the next Chair of the accounting watchdog, set to take over [...]
Brexit 10 years on: Labour’s EU reset deal is ‘no growth strategy’ Politics The Labour government’s “reset” deal with the EU is not delivering substantial gains on growth, trade specialists and economists have warned on the anniversary of the Brexit referendum’s polling day. The government’s first deal with the EU struck in May last year, which will be ratified by parliament in a bill over the course of [...]
Mandelson to Epstein: JP Morgan should ‘threaten’ UK over banker tax February 2, 2026 Lord Peter Mandelson told Jeffrey Epstein that the boss of banking giant JP Morgan should “mildly threaten” the UK Treasury over a tax on banker bonuses whilst the peer was serving as business secretary. New bombshell revelations in the latest drop of the Epstein files by the US Department of Justice showed Mandelson, who worked [...]
Santander: UK businesses shift away from China as tensions flare November 18, 2025 UK businesses are moving away from China as risks mount amid flaring geopolitical tensions. Over half of firms are taking steps to bring their supply chains closer to home, with one in five having already relocated their network closer to the UK. The moves come amid questions over China’s dominance in the supply chain, with [...]
Growth mandate won’t harm consumers, says competition watchdog July 16, 2025 The boss of the UK’s competition watchdog has insisted there is no additional risk of consumer harm from the government’s bid to put regulators on a growth footing, despite her former chair being ousted for not buying into the push. Competition and Markets Authority (CMA) boss Sarah Cardell said she saw “no tension” between her [...]
British Steel secures £500m contract with Network Rail June 17, 2025 British Steel has won a £500m contract with Network Rail in a deal that helps secure the future of its Scunthorpe steelworks. The agreement will see British Steel supply up to 80,000 tonnes of rail per year to the body which manages the UK’s railway infrastructure, around 80 per cent of the track it needs. [...]
UK business confidence bounces back from Trump’s tariff blow May 30, 2025 UK business confidence rallied in May as global financial markets made their recovery from President Donald Trump’s tariff onslaught. Lloyds Bank business barometer jumped 11 points over the last month to 50 per cent. – marking a nine month high. The lender surveys 1,200 companies and weighs up the percentage of firms that have a [...]
Business Secretary can’t commit to lower energy costs in industrial strategy May 14, 2025 Business Secretary Jonathan Reynolds was unable to confirm whether the government’s upcoming industrial strategy will include a roadmap to lower industrial energy costs and help for businesses wrestling with high prices. Reynolds faced questions from MPs on the Business and Trade committee yesterday over whether he could guarantee lower costs for industry. He told the [...]