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UK economy

  • Close Brothers and First Rand look to park motor finance row

    April 8, 2026

    After countless speed bumps, sharp handbreak turns and a fair few false starts, the two banks that took the motor finance scandal to the top finally look to put it in the rearview mirror. Close Brothers and Aldermore owner First Rand have sought to wrap up the over two-year long saga after the financial watchdog [...]

  • ‘Significant backlog’ for Tribunal cases as new workers’ rights come into law

    April 8, 2026

    Concerns have been raised about the “ongoing and significant” backlog at the Employment Tribunal as new worker rights come into play this week. The Law Society, while welcoming the launch of the Fair Work Agency (FWA), raised concerns that the new agency will be equipped to tackle the case backlog. Between Monday and Tuesday, a [...]

  • Oil slides and stocks surge as US hails ‘chance at peace’

    April 8, 2026

    Global markets breathed a much-needed sigh of relief on Wednesday morning after it emerged Donald Trump reached a temporary ceasefire agreement with Iran, just hours before a high-stakes deadline in which the US president had threatened to destroy bridges, power plants and swathes of Iranian infrastructure. On Tuesday Trump set a dramatic ultimatum that “a [...]

  • Energy bills threat recedes but retail and hospitality remain on brink

    April 8, 2026

    Retail and hospitality leaders are optimistic that the Iran-US ceasefire could spare them from the worst energy bill shocks, but are urging the government to address an array of other cost pressures. British businesses had warned that the soaring energy prices caused by the war in the Middle East could be devastating if the conflict [...]

  • ‘Beautiful thing’: Trump moots US-Iran tax for ships in Strait of Hormuz  

    April 8, 2026

    President Trump has floated the prospect of a “joint venture” with the Iranian leadership on administering a tax on ships passing through the Strait of Hormuz in a new peace deal for the region. Trump said both the US and Iran could jointly tax ships passing through the stretch of water, which is critical for [...]

  • Blue Owl Capital outlook cut to negative amid private credit woes

    April 8, 2026

    The outlook on Blue Owl Capital’s flagship fund has been downgraded to negative by a leading ratings firm in the latest blow to the industry as it continues to be plagued by investors pulling money from funds. Moody’s Ratings changed its outlook from stable to negative after “significantly higher-than-peer redemption requests in the first financial [...]

  • Iran conflict sparks worst month of outflows since Autumn Budget

    April 8, 2026

    The Middle Eastern conflict has triggered the worst bout of equity market outflows in months as investors retreated from stocks over fears of soaring inflation and fuel shortages. Equity fund outflows jumped to £1.4bn in March, a jump of 55.3 per cent compared to February, marking March as the worst month since November 2025, when [...]

  • Construction firms slash jobs after biggest-ever cost inflation rise 

    April 8, 2026

    Construction businesses cut jobs at a faster pace in March while the month-to-month inflation rise was the largest on record in a survey that has existed for 29 years.  S&P Global said the difference in a reading for cost inflation between February and March was the largest it had ever recorded since data collection began [...]

  • The Debate: Should we scrap the ‘table tax’?

    April 8, 2026

    Pavement licenses mean restaurants have to pay to put tables and chairs outside. Is that fair or is it a tax on enterprise?

  • Londonmaxxing could save the capital’s jobs market

    April 8, 2026

    Can Londonmaxxing help revive the capital's flailing job market? Employment expert Kevin Fitzgerald thinks so.

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