Trump says he will fire Federal Reserve governor August 26, 2025 President Donald Trump has said that he is firing Federal Reserve governor Lisa Cook. The unprecedented move would constitute a sharp escalation in his battle to exert greater control over what has long been considered a financial institution independent from day-to-day politics. Mr Trump said in a letter posted on his Truth Social platform that [...]
Business rates ‘double whammy’ to cost English companies billions August 26, 2025 Businesses in England are to face an “unavoidable double hit” to their property tax payments next year, which will see total payments surge by about £2.5bn, according to new figures. Analysis from global tax firm Ryan indicated that inflation and a government tax change will combine to drive up business rates bills further. Business rates [...]
Food inflation jumps to 18-month high as chocolate and butter prices rise August 26, 2025 Food prices have risen at their fastest pace for 18 months amid surges in the cost of chocolate, butter and eggs, latest figures show. Food inflation lifted to 4.2 per cent this month from per cent in July, according to the British Retail Consortium (BRC)-NIQ Shop Price Monitor. It marked the highest level since February [...]
Officials working ‘very hard on ending Russia-Ukraine war’, Trump envoy says August 25, 2025 US president Donald Trump’s special envoy Keith Kellogg said officials are “working very, very hard” on efforts to end the three-year war between Russia and Ukraine, as a lack of progress fuels doubts about whether a peace settlement could be on the horizon. Mr Kellogg said in Kyiv that officials are “hoping to get to [...]
Business secretary to meet JCB boss after concerns raised about US tariffs August 25, 2025 Jonathan Reynolds will meet the boss of JCB after the company was among those which raised the alarm about the impact of new US tariffs on British businesses. JCB chief executive Graeme Macdonald called on the UK Government to get a “deal done quickly” with the US on steel, after hundreds of British goods became [...]
Thousands of pensioners overcharged £10,000 on pension withdrawals August 25, 2025 Thousands of pensioners have claimed back more than £10,000 after being overcharged tax on their pension withdrawals, new analysis shows. A handful of people in the UK were given a refund worth more than £100,000. The HMRC figures, which were obtained by Royal London through a freedom of information (FOI) request, show an increase in [...]
JD Sports shareholders hoping for progress amid US consumer weakness August 24, 2025 JD Sports investors will be hopeful the retailer can show signs of progress next week after sales came under pressure at the start of the year. The impact of US tariffs and its overall performance in the US will be particularly in focus when it provides a half-year trading update on Wednesday 27 August. Shares [...]
JD Sports to provide update after tariff sales crunch August 23, 2025 JD Sports investors will be hopeful the retailer can show signs of progress next week after sales came under pressure at the start of the year. The impact of US tariffs and its overall performance in the US will be particularly in focus when it provides a half-year trading update on Wednesday August 27. Shares [...]
Ukraine War: Trump says Zelensky and Putin to meet after ‘very good’ summit August 19, 2025 Presidents Vladimir Putin and Volodymyr Zelensky will meet, Donald Trump has said following a White House summit with European leaders aimed at bringing an end to the war in Ukraine. The US president spoke directly with the Russian president to begin planning a meeting between the two warring leaders, which will then be followed by a [...]
Crunch summit: Starmer, Zelensky and European leaders to meet Trump in DC August 18, 2025 Sir Keir Starmer will join European leaders in presenting a united front with Volodymyr Zelensky at his crunch meeting at the White House with Donald Trump. The Prime Minister and six other political leaders will travel to Washington DC on Monday, with the aim of protecting Ukraine from having to submit to Russian land grabs [...]
