WH Davis, the UK’s last surviving independent railway wagon manufacturer, is set to expand its workforce by a quarter after securing a €44 million export contract with Ireland. The Derbyshire-based company, part of Buckland Rail, will supply 150 freight wagons to Iarnród Éireann, Ireland’s state-owned rail operator, in a deal supported by UK Export Finance (UKEF). Production is due to ...
A majority of Britain’s millionaires believe they would enjoy a better quality of life overseas, as higher taxes and the rising cost of living fuel unease among the wealthy. A survey of 1,000 people with a net worth of at least £1 million found that 60 per cent thought life would be better abroad, while just over half said they ...
The UK is rejecting record numbers of visa applications, raising fears that tightening immigration rules could choke off the flow of international talent needed by British businesses. Fresh analysis of Home Office data by immigration consultancy Immpact shows that more than 664,000 applications for work, student, family and visitor visas were turned down in the 12 months to September 2024. ...
Maven Capital Partners has invested £2.6 million in PowerPhotonic, the precision optics specialist whose technology underpins high-power laser systems used in aerospace, defence, healthcare and semiconductor manufacturing. The deal, which includes backing from the Maven Income and Growth VCTs and IFS Maven Equity Finance – part of the Investment Fund for Scotland, managed by Maven and delivered by the British ...
Britain is heading towards a demographic tipping point, with pensioners set to make up more than a quarter of the adult population by 2075, according to an official review into the state pension age. Suzy Morrissey, the independent reviewer appointed to examine the long-term sustainability of the state pension, said the number of people of pensionable age or older would ...
Reports suggest stamp duty may be replaced with a levy on homes worth more than £500,000, with London and South East owners hit hardest Homeowners could face an annual property tax on homes worth more than £500,000 under radical Treasury plans to replace stamp duty, according to reports. The autumn budget could include proposals for a proportional property tax, shifting ...
Traders brace for inflation data and public finance update as long-term government debt hits levels last seen in 1998 Government borrowing costs climbed sharply on Monday, with the interest rate on 30-year UK gilts rising to levels not seen in nearly three decades. The yield on 30-year bonds — which moves inversely to prices — rose 0.05 percentage points to ...
Savills estimates extra storage space the size of 400 football pitches will be needed by 2032 as defence spending surge strains logistics capacity Britain will need to build hundreds of new warehouses over the next seven years to cope with a surge in demand from the defence sector, analysts have warned. Property consultancy Savills estimates that an extra three million ...
Soho House, the exclusive members’ club chain that has become synonymous with celebrity culture and creative-class networking, is to return to private ownership in a $2.7bn (£2bn) deal, just four years after its high-profile listing on the New York Stock Exchange. The move comes after a volatile spell as a public company, during which its share price halved, investors questioned ...
Wider access to weight-loss injections on the NHS could deliver significant economic gains by cutting sick days and easing the burden of obesity-related illness, new research suggests. A study of 421 NHS patients using the latest generation of obesity drugs found the number of sick days taken fell by a third within three months of starting treatment. Combined sick leave ...