Another multibillion-pound national insurance raid is on the cards at the forthcoming autumn Budget, economists have warned, as chancellor Rachel Reeves scrambles to plug a £30bn fiscal black hole. A …
Investing
French borrowing costs surge as political crisis deepens
French assets suffered at the hands of a brutal sell-off on Monday, after the country’s latest prime minister resigned just a month into the role, exacerbating an already grave political …
Ex-head of British Army to lead Santander’s defence lending
The former head of the British Army is set to lead Santander’s bid to bolster its defence lending as the industry experiences soaring demand with nations upping spending. General Sir …
Mel Stride pledges sweeping tax cuts for businesses and young people
Mel Stride has pledged to make sweeping tax cuts for businesses and young house buyers if the Tories are re-elected, in a speech talking up the party’s economic plans for …
Rolls-Royce: Losses widen at FTSE 100 giant’s SMR division
The small nuclear reactor business owned by FTSE 100 giant Rolls-Royce lost £115m in 2024, it has been revealed. Rolls-Royce SMR, which is not yet revenue generating, has posted the …
Claridge’s: Five-star London hotel falls into the red
Claridge’s, the iconic five-star London hotel, has slipped into the red despite its revenue rising during its latest financial year, it has been revealed, amid major redevelopment work. For 2024, …
Labour warned not to repeat past mistakes with homebuying reforms
Property experts have welcomed government efforts to simplify the homebuying process, but warned that any change must be done in alignment with industry to avoid a repeat of previous attempts …
Jaguar Land Rover restarts engine production after cyberattack
Jaguar Land Rover (JLR) has restarted manufacturing at its Wolverhampton engine plant, making a key step in recovering from its major cyberattack that forced the British automaker to halt production …
Economists ask Labour to prioritise planning reform and cut tax to boost growth
A survey of economists and policy experts has put pressure on Labour to “spend political capital” on planning reform to encourage more home building and on reforming the welfare system, …
Construction sector hit by waning activity ahead of Budget
Business activity expectations in the construction industry have fallen to the lowest since the end of 2022 as companies remained glum on future outlook ahead of the Autumn Budget. The …