Shares in WH Smith tumbled on Thursday after the newsagent and travel retailer admitted to an accounting blunder that has wiped tens of millions of pounds from its profits. The …
Investing
Retail giants warn Reeves her tax plans risk UK living standards
Tesco, Sainsbury’s and John Lewis, along with other UK retail heavyweights, have issued a direct warning to chancellor Rachel Reeves, arguing that her government’s tax policies could undermine its key …
Hays slashes dividend as profit plummets
London-listed recruitment firm Hays has reported a sharp drop in profit amid continued weakness in recruitment markets. The company is reducing its final dividend to 0.29 pence per share, resulting …
Tax-free pension lump sump could be slashed to fill Labour’s black hole
Tax-free lump sum withdrawals from pension pots could be slashed as Rachel Reeves scrambles for fresh ways to plug a £50bn hole in the public finances. The Chancellor is reportedly …
RFU backing of Red Roses can aid better English pro structure
So it begins. Red Roses vs USA at the Stadium of Light. Friday night, BBC 1. That’s a USA fielding the rugby player with by far the biggest social media …
UK government borrowing lower than expected
Chancellor Rachel Reeves oversaw lower government borrowing than expected in July, official data has revealed. Borrowing hit £1.1bn last month, making up the difference between income from taxes and total …
GPT-5 is terrible and that’s a good thing
GPT-5 failed to wow users, but its less flashy delivery signals a positive shift for AI from at-all-costs advancement to actual use-case, writes Lewis Liu I was carrying boxes of …
Scotch Whisky is trapped in a tax riddle
The UK’s nonsensical spirit tax regime is an own goal that punishes industries like Scotch Whisky, writes Mark Kent Why should a drink with three times the calories and twice …
Non-dom directors beware – leaving the UK comes with trade-offs
Running for the exit after Labour’s non-dom tax crackdown? Employment lawyer Chiara Muston outlines the trade-offs to consider Recent analysis has revealed there has been a significant increase in the …
Government urged to expand auto-enrolment to prevent pension poverty
The UK’s auto-enrolment contribution scheme should be reformed to prevent more workers slipping into retirement poverty, the Society of Pension Professionals (SPP) has said. In its latest paper, the SPP has called …