James Dyson: Labour is killing aspiration in UK June 18, 2025 Britain’s “myopic” civil servants, politicians and judges are squashing aspiration, according to billionaire entrepreneur Sir James Dyson in a scathing attack on the current Labour government. Writing in a column in The Sun, the UK’s third richest person said that he worries that Britain “no longer has the aspiration to create the Dysons of the [...]
The London Stock Exchange has a Martin Lewis-shaped hole June 18, 2025 Martin Lewis has helped millions with his money-saving tips, but his views are too short-term, writes Simon Hunt. Cultural observers have been stroking their chins over a recent social trend: a growing number of Brits are going to church on Sundays, reversing decades of decline. It’s a curious phenomenon. But I would posit there’s a [...]
Tax hikes dragging investment to worst level since pandemic, CBI says June 18, 2025 Chancellor Rachel Reeves’ dramatic tax hike on employment has helped push firms’ investment plans down to the worst level in five years, contributing to a downgrade in the Confederation of British Industry (CBI)’s latest economic outlook. The CBI now believe that the UK economy will only grow 1.2 per cent this year and slow down [...]
Deal fever: Banking giants plot takeovers to ramp up market share June 18, 2025 British banking is poised for a major shake-up as top names go on the hunt for fresh acquisitions. Lenders have been scouting new deals that would send shockwaves across the industry. Much of the prospective dealmaking involves London lender Shawbrook, whose private equity owners have been circling high street bank Metro. Ahead of this, Shawbrook [...]
Labour is locking Britain into a high-tax, low-growth doom loop June 18, 2025 Tax, borrowing, the cost of borrowing, unemployment and inflation are all going up, while growth is going down. Yet in the face of this, Labour’s instinct is to tax more, spend more and centralise more, says Simon Clarke When in a big hole, muddle the figures so nobody can understand them. That’s what Paul Johnson [...]
Why the Bank of England will hold interest rates June 17, 2025 At every other meeting, the Bank of England publishes its monetary policy report alongside its interest rate decision. Each lengthy report includes fresh details on revisions to central forecasts, which are poured over with glee by economists and investors.. But this Thursday’s Monetary Policy Committee (MPC) meeting will offer few statistical goodies. Officials will meet [...]
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. [...]
Secure Trust Bank taps Labour donor tied to cronyism scandal as new boss June 17, 2025 An ex-Treasury director who was at the heart of Labour’s “cronyism” scandal has been tapped to take the helm at specialist lender Secure Trust Bank. Ian Corfield, who also spent nearly a decade as chief commercial officer of New Day, will replace retiring chief executive David McReadie. Corfield stepped down from his civil servant role [...]
Rachel Reeves mulls inheritance tax U-turn as non-doms flee June 17, 2025 Rachel Reeves is reportedly mulling over changes to inheritance tax (IHT) on non-doms for assets held around the world, as pressure has ramped up from the City. That’s according to a report in the Financial Times, with “tweaks” to current rules to stem the UK’s haemorrhaging of non-doms. This potential U-turn follows pressure on the [...]
UK aerospace sector to avoid tariffs as Trump-Starmer trade deal clinched June 17, 2025 Prime Minister Keir Starmer and President Donald Trump met on the sidelines of the G7 summit to agree a trade deal that will remove tariffs on the UK aerospace sector and save carmakers from facing aggressive taxes on exports. The pair of world leaders heaped praise on one another while the UK government said the [...]