Rumours have been swirling in Westminster about a variety of property tax changes Rachel Reeves might introduce in this Autumn’s budget – or further down the line – in an …
No more interest rate cuts expected as inflation runs ‘miles above target’
No further interest rate cuts are expected to be made this year after inflation in the year to July was higher than economists forecast. Markets had priced in a 50 …
Port Ellen cheers 200th year with Distillers One of One donation
Last year, after four decades of closure, the iconic Port Ellen distillery reopened its doors just in time for its 200th anniversary. And to celebrate, the distillery has donated a …
Databricks rides AI boom to $100bn after new funding
Analytics platform Databricks has sealed a fresh funding round that is set to catapult its valuation over $100bn. The data and AI heavyweight has signed a term sheet for Series …
Rachel Reeves considers ‘mansion tax’ on homes above £1.5m
Chancellor Rachel Reeves is looking at imposing capital gains tax on the sale of houses above £1.5bn as she looks to fill a £40bn hole in the public finances. The …
OSB’s profit plunges due to falling interest rates
OneSavings Bank (OSB) recorded a hefty hit to profit for the first half of 2025 as lower interest rates took a chunk out of the group’s bottom line. The London-listed …
Costain shares tumble after HS2 delays spark revenue slump
Shares in Costain tumbled in the opening minutes of trade in London after the construction firm was hit by further delays to HS2. The Bishopsgate-based business said its overall revenue …
Dynamic ticket pricing will not be used at Home Nations Euros in 2028
Uefa has opted against introducing the dynamic pricing model favoured by Fifa for selling tickets for the 2028 Euros in England, Scotland, Wales and the Republic of Ireland. The European …
Inflation tops forecasts in puzzle for Bank of England
Inflation jumped in July, official data has suggested, creating a dilemma for Bank of England officials ahead of its next policy meeting in September. The Office for National Statistics (ONS) …
Generation games: young people don’t see property as key to retirement
Younger generations are taking a “more flexible approach” towards saving for retirement, amid concerns that traditional savings routes won’t be enough to rely on. The majority of younger generations see …