Don’t forget the arts when it comes to R&D spending June 3, 2025 The UK’s creative economy is worth more than our life sciences, aerospace and automotive industries combined, says Hetan Shah UK productivity growth has been woeful since the financial crash and the economy is about a fifth smaller than it would have been had the trend in productivity growth continued after 2007. The Chancellor has a [...]
Starmer refuses to commit 3 per cent defence spending despite ‘battle-ready’ claim June 2, 2025 Keir Starmer has been criticised for failing to commit to increasing defence spending to 3 per cent of GDP. The Prime Minister vowed to put in place the “largest sustained increase in defence spending since the Cold War,” with a 2.5 per cent share of GDP going to defence. However, the PM maintained that hitting [...]
Monzo: Fintech unicorn tops £1bn in revenue on road to landmark IPO June 2, 2025 UK fintech giant Monzo reported its second consecutive year of profitability on Monday after the neobank’s revenue climbed above £1bn for the first time. The firm’s revenue increased 48 per cent to £1.2bn as it reported huge expansion across business arms amid rising expectations for a London flotation in the coming months. Customer deposits jumped [...]
Migrant daily arrivals top 1,000 for first time this year June 1, 2025 More than 1,100 migrants arrived in the UK after crossing the English Channel on Saturday, the highest number recorded on a single day so far this year. The latest Home Office figures show that 1,194 migrants arrived in 18 boats, bringing the provisional annual total so far to 14,811. This is 42 per cent higher [...]
Trump says he will double tariffs on foreign steel to 50 per cent May 31, 2025 President Donald Trump said that he is doubling the tariff rate on steel to 50 per cent, a dramatic increase that could further push up prices for a metal used to make housing, cars and other goods. Trump spoke at US Steel’s Mon Valley Works–Irvin Plant in West Mifflin, Pennsylvania, to discuss investments by Japan’s [...]
Reddit co-founder Ohanian’s Athlos gets Sha’Carri and Thomas investment May 30, 2025 Reddit co-founder Alixis Ohanian’s Athlos athletics events has gained investment from US Olympians Sha’Carri Richardson and Gabby Thomas. The pair are joined by Tara Davis-Woodhall, with the trio set to be advisors and owners in the track and field competition. Athlos was launched to keep US track and field stars in the news after the [...]
Luck can score again for Flying Fownes yard May 30, 2025 FAMOUS last words, especially after plenty of shock results in Hong Kong over the past month or so, but favourite backers look set for a profitable day at Sha Tin. The likes of top-weights Dazzling Fit in the Tin Sam Handicap (7.30am) over seven furlongs, and Masterofmyuniverse in the Tai Wai Handicap (8.35am) over six [...]
Trump tariff policy in tatters after being ‘declared invalid’ by US court May 29, 2025 Donald Trump’s sweeping global tariff plans have been thrown into doubt after a court said the US President’s executive orders under which they were introduced were “declared to be invalid as contrary to law.” The US Court of International Trade found that the president lacked the authority to use emergency economic powers legislation when he [...]
Mark Kleinman: AA float needs smart pricing to avoid breakdown May 29, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Here’s a candidate for toughest IPO mandate in the City: return the venerable AA, the UK’s biggest breakdown recovery service, to the public markets roughly five years after it was taken private for a fraction of [...]
NHS patient data at risk in major cyber attack May 28, 2025 A newly uncovered cyber attack has exposed sensitive information at two major NHS trusts, raising fears that patient records could be at risk. Experts have warned that the hack, linked to a vulnerability in widely used mobile management software, marks a growing threat to critical UK infrastructure. University College London hospitals, NHS Foundation Trust, and [...]