The government will have to significantly raise taxes to cover the sweeping increases in public spending announced in today’s Spending Review, according to leading audit, tax and business advisory firm Blick Rothenberg. Robert Salter, a director at the firm, warned that headline commitments such as the £11 billion annual uplift in the defence budget would likely require a 1.5p hike ...
A summit held at the House of Lords during London Tech Week has sounded the alarm over a looming “skills cliff edge” in the UK workforce, as artificial intelligence (AI) continues to reshape the economy and redefine job roles across industries. Chaired by Steven George-Hilley, founder of Centropy PR, the summit brought together thought leaders from across the tech, legal, ...
The UK government has committed £14.2 billion to the Sizewell C nuclear power plant on the Suffolk coast, part of a long-term strategy to boost energy security and cut household bills — though the benefits won’t materialise until well into the next decade. Prime Minister Sir Keir Starmer described the development as a crucial move towards energy independence and a ...
A high-stakes legal battle begins at the High Court today as the UK government seeks to recover £122 million from PPE Medpro, a company awarded Covid-era contracts following a recommendation from Conservative peer Michelle Mone. The Department of Health and Social Care (DHSC) is suing PPE Medpro for the return of funds paid for 25 million sterile surgical gowns supplied ...
A female entrepreneur has criticised London Tech Week after she was refused entry for bringing her eight-month-old daughter to the event, prompting calls for the tech industry to modernise its approach to inclusion and caregiving. Davina Schonle, founder of the start-up Humanvantage AI, said she felt “humiliated” after being turned away at the entrance to the flagship event at London ...
The world economy is on course for its weakest decade of growth since the 1960s, according to a stark warning from the World Bank, which downgraded global forecasts and pointed to mounting turmoil in US trade policy as a key drag on recovery. In its latest Global Economic Prospects report, the Washington-based lender slashed its 2025 forecast for global GDP ...
In the buzzing bars of Seville, few scenes feel more quintessentially Spanish than a plate of freshly carved jamón ibérico. Yet even this cherished national symbol is not immune to the economic tremors caused by President Trump’s escalating trade war with Europe. A 20% tariff on Spanish ham exports to the United States, introduced in April and only temporarily lowered ...
EG Group, the petrol forecourt empire founded by billionaire brothers Mohsin and Zuber Issa, has reported a dramatic fall in pre-tax profits, plunging from $1.4 billion to just $10 million over the past year. The sharp decline follows the sale of the group’s UK convenience store network to Asda and further operational restructuring. Newly filed accounts at Companies House show ...
There’s something about the buzz in the room on the night of the Lloyds British Business Excellence Awards that’s hard to describe. It’s not just about the champagne or the sparkle, though there’s certainly plenty of both. It’s something deeper. As Sarah Austin, Awards Director, Lloyds British Business Excellence Awards, explains, it is the sense that, for one night, British ...
Three inspirational disabled entrepreneurs have been awarded a combined £300,000 by easyJet founder Sir Stelios Haji-Ioannou in the 17th annual Stelios Awards for Disabled Entrepreneurs, celebrating innovation, resilience and impact across the UK business community. The top prize of £150,000 went to Umbreen David, founder of Hoama Group Ltd and owner of Iden Manor Nursing Home in Kent. Her vision ...