Fallow founder James Robson: Labour is killing hospitality June 5, 2025 James Robson is one of the most successful restaurateurs in London, setting up the hugely successful Fallow, Roe and Fowl restaurants with his business partners Will Murray and Jack Croft. In less than two years, Fallow went from a promising pop-up to a vast operation employing 300 people and serving up to 1,000 covers a [...]
Will the Bank of England’s quantitative tightening torpedo Reeves’ fiscal rules? June 5, 2025 Rachel Reeves is in a pickle. At under £10bn, the Chancellor’s self-imposed fiscal headroom – the Treasury’s wiggle room within its fiscal rules – is already wafer-thin by historic standards. And it is under intense strain, given a recent slew of billion-pound government spending pledges such as reversing winter fuel payments cuts and scrapping the [...]
When is a trade deal not a trade deal? June 5, 2025 Do you remember where you were on TD Day, 2025? Do you remember what you were doing when you heard the news that a “truly historic” treaty had been signed between the UK and US? Trade Deal Day, 8 May 2025, was – for this government – a very big deal indeed. Keir Starmer will [...]
Estate agency Foxtons targets commuter towns in drive for growth June 4, 2025 London’s biggest estate agency, Foxtons, expects ever-rising demand for rental homes in and near the capital to help it double its profit in the medium term. The sales and lettings agency outlined plans to double its profit to £50m over the medium term by acquiring estate agents in commuter towns, integrating AI, and enhancing consumer loyalty. Chief [...]
UK firms turn to AI and automation as they struggle to find skilled workers June 4, 2025 Nearly three-quarters of British firms are struggling to find talented workers in fears that productivity levels are unlikely to rebound after a bumpy recovery from the pandemic, fresh research has found. Prime Minister Keir Starmer has called on firms to prioritise hiring British workers over sponsoring foreign nationals as part of his plans to boost [...]
UK trade deals to lift growth, KPMG says June 4, 2025 UK growth could be higher than expected due to trade deals agreed with the US and the European Union, a City consultancy has said. Most forecasters downgraded the UK’s economic outlook for the year in the wake of President Trump’s ‘Liberation Day’, with the IMF and other major forecasters warning the UK was set to [...]
Trump tariffs: UK to dodge 50 per cent steel and aluminium levies June 4, 2025 President Trump exempted UK industry from a doubling of the rate of steel and aluminium tariffs up to 50 per cent, but businesses will still face a 25 per cent levy until a new trading relationship with the US is finalised. Though industry bosses had been braced to be hit by the 50 per cent [...]
B&M: Revenue ticks up as new stores outperform June 4, 2025 Discount retailer B&M has reported a bump in its full-year earnings after progress in France and a better-than-anticipated performance at its new stores. The London-listed Luxembourg-headquartered company reported revenue of £5.57bn in the 52 weeks ended March 29, up 3.7 per cent year on year. It said the higher revenue was “primarily driven” by the contribution [...]
Paragon Bank: Stamp duty boost offsets motor finance provision June 4, 2025 Specialist lender Paragon Banking Group bolstered its profit in the first half of the financial year as increased lending managed to offshore a motor finance provision. The FTSE 250 bank’s pre-tax profit surged 26.7 per cent to £149.4m, up from £146.4 in the first half of 2024. This was driven by 4.9 per cent expansion [...]
Business investment could be revived in ‘promising’ sign, BCC says June 4, 2025 Business investment could soar as high as 4.8 per cent this year, a leading commercial group has predicted, bulldozing through its previous expectations of a paltry 0.6 per cent rise. Little cash has been put into making firms more effective in recent years, which has in turn stalled growth and hampered the UK’s ability to [...]