Thousands of taxpayers to miss out on rebate as HMRC still sending cheques April 13, 2026 Thousands of Brits are missing out on collecting their tax rebates after failing to cash in cheques sent to them by HMRC. According to an FOI from the i paper, the department issued 1,746,720 cheques last year, but 178,180 were never cashed. The cheques had a combined value of £144m, meaning taxpayers who failed to [...]
Rachel Reeves’ wealth fund pumps £600m into Rolls-Royce SMR April 13, 2026 Rachel Reeves’ flagship wealth fund has announced a fresh heap of financing for Rolls-Royce SMR following its tie-up with Ed Miliband’s state-owned energy company. The National Wealth Fund has revealed a £599m financing package for Rolls-Royce Small Modular Reactors (SMR) in a bid to kick start delivery on its project with Great British Energy. The [...]
UK fintech Wise to downgrade London listing this quarter April 13, 2026 Money transfer firm Wise has confirmed the timeline for switching its primary listing to the US with the move expected to take place this quarter. The UK fintech said during a fourth-quarter update that its results for the latest financial year will published in the US dollar, which it said was “reflecting the expected completion” [...]
FTSE 100 Live: Stocks tumble amid Trump’s Strait of Hormuz blockade April 13, 2026 Good morning and welcome back to the City AM liveblog. Markets are returning from the weekend to a major blow in hopes of a ceasefire in the Middle East. After Donald Trump revealed his two-week reprieve on strikes whilst negotiations begin, those very talks now look to be hanging by a thread. Vice President JD [...]
Firms slash jobs at fastest pace this year and pay growth slows April 13, 2026 Businesses slashed jobs at the fastest pace in 2026 as employers also resisted giving staff big pay increases over March, research has suggested, exposing the Iran war’s damaging effects on all sides of the UK economy. Research by the Recruitment and Employment Confederation (REC) and KPMG said there was a steeper rise in the number [...]
Tech bosses line up for Cabinet under new Whitehall plans April 12, 2026 Hundreds of business leaders, tech executives and former military figures are set to be trained for senior roles in government under a new initiative aimed at overhauling Whitehall. The programme, led by the Centre for Government Reform, will target candidates from outside Westminster and prepare them to take on positions such as cabinet ministers and [...]
“War in Iran will come at a cost,” Reeves warns UK businesses April 12, 2026 Rachel Reeves has warned the escalating conflict in Iran will feed directly into higher costs for British businesses, as pressure builds on energy prices and inflation. “I am going to be straight with people”, Reeves said, “the war in Iran will come at a cost to British families and business,” signalling that the economic fallout [...]
Annabel’s owner sells Mayfair empire in £1.4bn Abu Dhabi deal April 12, 2026 Richard Caring has sold a majority stake in the business behind Annabel’s, the Ivy and a string of London’s most exclusive restaurants to an Abu Dhabi-backed investor in a deal valuing the group at around £1.4bn. The buyer, Diafa, is a luxury hospitality platform linked to International Holding Company (IHC), chaired by Sheikh Tahnoon bin [...]
IBM: AI adoption stalls as UK businesses lack clear strategy April 10, 2026 UK businesses are adopting AI at a pace, but many are still struggling to convert that momentum into real, meaningful financial returns. According to IBM’s Race for ROI study, 66 per cent of British enterprises report significant productivity improvements from AI, with 63 per cent of senior leaders citing noticeable efficiency gains post-adoption. There seems [...]
Starmer told Trump to be ‘practical’ amid Strait of Hormuz tax rumours April 10, 2026 Sir Keir Starmer has said he spent most of a conversation with Donald Trump on Thursday night talking about a “practical plan” to secure the Strait of Hormuz, shortly after he said he was “fed up” of the US president’s impact on energy bills. Starmer said he spoke to Trump about the blocked strait, which [...]