Oil price climbs above $90 as Iran says US diplomacy ‘isn’t possible’ August 31, 2026 The price of oil is creeping higher after the US launched strikes at Iranian rocket launchers that were reportedly preparing to lay mines in the Strait of Hormuz. Brent crude – the international benchmark for oil prices – climbed towards $91 per barrel after strikes from the US marked the first exchange of fire in [...]
Why London’s AI engineers are worth £360,000+ August 31, 2026 Jack & Jill co-founder Saaras Mehan just hiked the minimum salary for engineers from £240,000 to £360,000. He says that's what London’s AI talent is worth.
Treasury ‘tells Healey’ to consider tax on banks and oil August 30, 2026 Chancellor John Healey has been presented with a plan to tax oil firms and banks further as bosses in the sectors have posted huge profits, according to reports. Healey may look to tax businesses at this year’s Budget in order to rebuild a partly-eroded £22.7bn fiscal buffer, and fill spending pledges for defence and the [...]
Lord Walker calls for Healey to cut business taxes August 30, 2026 Iceland boss Lord Richard Walker has urged Andy Burnham and John Healey to cut taxes for businesses and to stop focusing on the cost of living. Walker, who backed Labour at the last election, said Healey should ease costs for employers. The supermarket chief was the cost of living tsar under Sir Keir Starmer’s government [...]
‘War on wealth creation’: capital gains tax raid would lose government money, Tories argue August 28, 2026 A fresh capital gains tax raid on Britain’s wealthiest would ultimately lose the government money, according to new Conservative analysis of Treasury data. Internal government modelling suggests that the top rate of capital gains tax (CGT) is already too high and hiking it further would lead to lower tax receipts. Figures presented to the Labour [...]
Sorry Elon, universal basic income won’t solve the AI jobs apocalypse August 28, 2026 Traditionally left-wing economists, universal basic income has now found unlikely support in Silicon Valley as AI threatens to wipe out jobs.
The real scrutiny of Burnham begins now August 28, 2026 Burnham's honeymood period has been further bolstered by positive economic news. As Parliament returns, now is the time for bold moves.
Neets dip below one million as Labour blamed for youth unemployment August 27, 2026 The number of Neets, who are young people not in employment, education or training, has fallen marginally below the one million mark, the UK’s official data body said. The Office for National Statistics said it estimated the number of people aged between 16 and 24 out of work to be about 981,000 in the three [...]
Londoners can no longer afford the Notting Hill Carnival August 27, 2026 Around 2m people flock to Notting Hill Carnival each year. But there is no such thing as a free lunch, or free street party, says James Ford.
Use AI for investing at your own risk, warns watchdog August 27, 2026 The financial watchdog has warned Brits using AI for investment advice that they may not be protected if things go wrong as more people turn to online chatbots. Four in five inexperienced investors admitted to using AI tools for help with their investment decision, according to the latest research from the Financial Conduct Authority (FCA). [...]