Global stock markets jumped and the dollar strengthened after a major US court ruling blocked President Trump’s sweeping new tariffs, throwing his trade strategy into legal turmoil and easing investor concerns over further economic disruption. The FTSE 100 rose 0.5 per cent in early trading before paring gains to close flat, while Germany’s DAX gained 0.8 per cent and France’s ...
Hopes for a sustained recovery in UK hiring “hang in the balance” as employer sentiment is hit by concerns over rising payroll taxes and incoming workers’ rights legislation, according to a new report by the Recruitment & Employment Confederation (REC). In its latest survey released on Thursday, the REC found that while short and medium-term hiring intentions improved in the ...
Britain’s car industry suffered its worst April in over 70 years, with new figures revealing a sharp fall in vehicle production that underscores deepening challenges facing the sector. Data from the Society of Motor Manufacturers and Traders (SMMT) showed that UK car output fell by 8.9 per cent last month, with only 56,500 vehicles rolling off production lines — the ...
High street banks have begun hiking mortgage rates for borrowers with large deposits, in a move that could add hundreds of pounds a year to the cost of remortgaging for wealthier homeowners. The shift comes as stubborn inflation figures dampen hopes of further interest rate cuts this summer. Over the past week, nine lenders — including Halifax, Nationwide, NatWest and ...
Pensions tax relief may be in the firing line in the upcoming Autumn Budget, with growing concern among financial experts that HMRC is targeting popular salary sacrifice schemes as a way to raise revenue. According to Blick Rothenberg, a leading audit and tax advisory firm, a new HMRC report points to the Treasury’s increasing focus on pension perks — including ...
I’ll say it plainly: most HRTech tools flop, not because they’re bad ideas, but because recruiters don’t use them. Over the past few years, building AI-powered hiring products, I’ve seen it over and over. A shiny new tool rolls out with heavy hype, a slick UI, maybe a handful of “machine-learning” buzzwords. Yet six months later, it collects digital dust ...
A growing number of British professionals and entrepreneurs are preparing to leave the UK to escape what has been branded Labour’s “stealth tax bombshell”, according to independent financial advisory firm deVere Group. The warning comes as new figures suggest nearly two million workers will be dragged into higher tax brackets by the end of the decade, due to the continued ...
Javvy Coffee launched in 2020—right when most of the world hit pause. But for the team behind the brand, it was time to move. Frustrated by the sugar-loaded, overprocessed iced coffees lining café menus and supermarket shelves, they saw a gap. “People were drinking these every day without realizing what was in them,” one team member said. “It didn’t feel ...
Thames Water has been handed a record-breaking £122.7 million fine by Ofwat following two damning investigations into the UK’s largest water utility. The regulator found the company had breached key obligations relating to its wastewater operations and had unlawfully issued dividends despite poor environmental and customer performance. Ofwat confirmed this morning that £104.5 million of the fine relates to serious ...
Following early April’s extensive global media coverage on the Trump administration’s sweeping USAID budget cuts, the tangible impact for Africa has come into sharper relief in May. Entire funding streams are set to vanish in countries including Senegal, Guinea and Mauritania, while the Democratic Republic of Congo (DRC), Ethiopia, Uganda and South Africa will be hit hardest in terms of ...