200,000 jobs to go after Labour’s inheritance tax raid March 24, 2025 Family owned businesses and farms across the UK are cutting jobs, halting investment and selling assets to stay afloat in response to sweeping tax changes. According to research by CBI-Economics, commissioned by Family Business UK, the government’s move to cap business property relief (BPR) and reform agricultural property relief (APR) has triggered a wave of [...]
Chancellor defends budget choices ahead of Spring statement March 23, 2025 Chancellor Rachel Reeves has defended the government’s recent budget decisions, claiming they were necessary for economic stability amid uncertain global conditions. In an interview with BBC’s Laura Kuenssberg on Sunday, Reeves emphasised the importance of making difficult choices to ensure long term fiscal responsibility. “There are always going to be costs for every choice you [...]
Banks turn to AI to lead fraud prevention efforts March 23, 2025 As Britain’s biggest banks scale up their technology, lenders are turning to AI to fight fraud, a new report has found. NTT Data’s ‘Banking Trends 2025’ report found over half of UK banks thought generative AI was key to fraud prevention. Lenders have been urged to up their consumer protection abilities after Chair of the [...]
Grid operator to ‘urgently investigate’ Heathrow power outage after fire March 22, 2025 Energy secretary Ed Miliband has ordered the National Energy System Operator to “urgently investigate” the power outage caused by a substation fire that shut Heathrow Airport on Friday. He is working with Ofgem and using powers under the Energy Act to formally launch the grid operator’s investigation. “We are determined to properly understand what happened [...]
Number of migrants arriving in UK after crossing Channel passes 5,000 March 22, 2025 More than 5,000 migrants have arrived in the UK after crossing the English Channel so far this year, latest figures show. Some 341 people made the journey in six boats on Thursday, bringing the provisional total for the year so far to 5,025. This is the earliest point in the year that crossings have reached [...]
Heathrow ‘open and fully operational’ after disruption caused by power outage March 22, 2025 Heathrow Airport said it is “open and fully operational” on Saturday after the airport was shut over a loss of power caused by a substation fire. Flights resumed at the west London airport on Friday evening and restrictions on overnight flights were temporarily lifted following hours of closure, after a blaze knocked out an electricity [...]
Chancellor rules out ‘tax and spend’ policies ahead of spring statement March 22, 2025 The Chancellor has ruled out “tax and spend” policies ahead of her spring statement next week. Rachel Reeves is under pressure to increase taxes or cut spending to meet the financial rules she set at the budget in October amid disappointing growth figures and higher-than-expected borrowing. Figures released on Friday came as a further blow, [...]
WPP bets big on AI to regain industry leadership March 22, 2025 Artificial intelligence (AI) isn’t just reshaping industries, it’s upending them. Nowhere is this more evident than in advertising, where AI is reshaping how brands create, deliver and optimise campaigns. While many firms are still finding their feet with AI, WPP is claiming it has hit the ground running. For the global communications giant, the AI [...]
‘Fighting to overturn cruel tax’: Parties gear up for legal fight over private school fees March 21, 2025 Three claimant groups gear up for a legal challenge of the government's VAT policy on private schools next month
Elite US law firm bends to Trump’s demands March 21, 2025 US law firm Paul Weiss has folded to President Trump's executive order agreeing to supply $40m in free legal advice to the White House