Rachel Reeves is facing a mounting revolt from Britain’s business leaders, with chiefs across sectors warning that her tax hikes and labour reforms are throttling investment, driving out wealth, and tipping the economy toward recession. BT chief executive Allison Kirkby (pictured) warned this week that Britain is already at “peak government-inflicted costs.” Speaking at the Connected Britain conference, she revealed ...
The pound fell sharply on Wednesday after Andrew Bailey suggested the Bank of England could cut interest rates if inflation eases further, in remarks that underscored the fragility of the UK economy. Sterling slipped 0.7 per cent against the dollar to $1.34 after the governor said there was “a further journey down” possible for borrowing costs, though any cuts would ...
Only ‘friends and weapons,’ not international laws, can protect against war and authoritarian ambitions, Ukrainian President Volodymyr Zelenskyy warned on Wednesday during an address to the United Nations General Assembly. The Ukrainian leader, who has been pleading with the international community to do more to counter Russian President Vladimir Putin amid his more than three-and-a-half-year-long war, once again cautioned that ...
Dr. Ben Carson, a former neurosurgeon who served as secretary of the Department of Housing and Urban Development during President Donald Trump’s first term, was sworn in on Wednesday to serve as national advisor for nutrition, health and housing at the U.S. Department of Agriculture. ‘As National Advisor for Nutrition, Health, and Housing, Dr. Carson will advise both President Trump ...
The government is weighing extraordinary measures to shield Britain’s manufacturing base from the fallout of Jaguar Land Rover’s crippling cyberattack, including buying up parts from suppliers to prevent mass job losses. Business Secretary Peter Kyle is understood to be considering a scheme where ministers would purchase parts from JLR’s 700-strong supplier network and sell them back once production resumes. The ...
The Democrats have a huge political opening. With President Trump under fire from all directions — including some in his own party — it’s a rare chance for the opposition to put some points on the board. And who are the most prominent Dems right now? One is Alexandria Ocasio-Cortez. The other is Zohran Mamdani. AOC is uber-liberal, and the New ...
Forget bricks and mortar — from Oscars to rare whisky, luxury assets are becoming the new collateral of choice in Britain’s growing bridging market. Suros Capital, a specialist in lending against high-value possessions, is carving out a niche by financing deals secured against everything from Warhol paintings and Rolex watches to gold bullion and Banksy prints. Ray Palmer, director at ...
Lloyds Banking Group will close another 49 branches across its Lloyds Bank, Halifax and Bank of Scotland brands next year, in the latest blow to Britain’s high streets. The closures, which will take place between January and October 2026, mark a further retreat from in-person banking as millions of customers move online. Lloyds said the shift reflects changing habits, with ...
The Co-op has revealed that a “sophisticated cyberattack” earlier this year has wiped out £80m of profits, underlining the mounting cost of cybercrime for Britain’s biggest companies. In results published this morning, the mutual said the hack disrupted its grocery and funeral operations, leaving gaps on shelves and delaying services, with an estimated £206m hit to revenues. The group said ...
Taylor Budowich, White House deputy chief of staff for communications and personnel, is set to leave the administration at the end of the month, Fox News has confirmed. Budowich’s exit marks the most significant staff departure of President Trump’s current administration. A longtime Trump advisor and one of his most trusted communicators, Budowich is returning to the private sector. The ...