Donald Trump must be feeling pretty powerful. He’s even demanding that Israel cancel the criminal trial of Bibi Netanyahu. By any objective analysis, whether you like the president or not, he has been on an incredible winning streak for the last two weeks. Everything seems to be breaking his way. And as he racks up these victories, from the powder ...
A deal that had been reached between Sens. Marsha Blackburn, R-Tenn., and Ted Cruz, R-Texas, over how states can regulate artificial intelligence has been pulled from President Donald Trump’s ‘big, beautiful’ bill. The collapsed agreement would have required states seeking to access hundreds of millions of dollars in AI infrastructure funding in the ‘big, beautiful’ bill to refrain from adopting new ...
As the Senate continued to inch closer to finalizing President Donald Trump’s ‘One Big Beautiful Bill,’ the president took to social media early Tuesday to warn that a failure to come to an agreement would end in the largest tax increase in history. The message came after lawmakers had been in a marathon ‘vote-a-rama,’ for several hours, submitting amendments to ...
Tech companies including Google, Amazon, Microsoft and Palantir proposed a range of futuristic—and controversial—ideas for managing UK offenders at a closed-door meeting with the justice secretary, it has emerged. According to minutes seen by The Guardian, representatives from over two dozen technology firms met with Justice Secretary Shabana Mahmood and Prisons Minister James Timpson in London last month. The Ministry ...
UK food price inflation accelerated in June as soaring temperatures and extreme weather hit fruit and vegetable harvests, pushing up prices at supermarket tills. New figures from the British Retail Consortium (BRC) show annual food price inflation climbed to 3.7% in June, up from 2.8% in May. This marks the first overall rise in shop price inflation in nearly a ...
Business leaders’ confidence in the UK economy has fallen sharply, as the full impact of government tax increases and rising cost pressures begins to take hold, according to the latest data from the Institute of Directors (IoD). The Directors’ Economic Confidence Index — a key barometer of UK business sentiment — dropped to -53 in June 2025, down from -35 ...
Chancellor Rachel Reeves is preparing to unveil a reduction in the tax-free allowance for cash ISAs, as part of a broader move to channel household savings into London-listed firms and reinvigorate the UK’s capital markets. According to the Financial Times, Reeves will use her Mansion House speech to announce a cut to the current £20,000 tax-free cash savings limit available ...
The Crown Estate has reported a record £1.1 billion in net revenue profit for the second consecutive year, thanks largely to a surge in offshore windfarm “option fees” paid by developers. However, the King’s property company has warned this windfall will soon pass, with profits expected to “normalise” from 2026. The bumper profits were driven by payments from energy companies ...
Senior UK industry figures have issued a stark warning over the government’s new packaging tax, branding it “horrific” and economically damaging. The finalised Extended Producer Responsibility (EPR) scheme, published by the Department for Environment, Food and Rural Affairs (Defra) on Friday, will make producers pay the cost of recycling their packaging from October. Though the final fees are slightly lower ...