Almost £162 billion of British exports are at heightened risk because UK firms are shipping goods to markets where collecting payment is most difficult, according to new analysis. Research from Allianz Trade shows that nearly a quarter (24%) of all UK exports are destined for three countries, the United States, China and India, which pose the greatest challenges for debt ...
Nearly 600 hospitality jobs have been lost following the rescue of the Revel Collective, after administrators confirmed the closure of 21 bars across the UK. Around 590 roles have been cut after the group, which trades under the Revolution Bars and Revolución de Cuba brands, fell into administration, with the remainder of the business sold off in a break-up deal. ...
Modern Milkman has secured a £10 million investment to accelerate growth across the UK, expand its US footprint and develop new sustainable doorstep services, taking its total funding to more than £60 million. The Manchester-based business said the funding will support the continued evolution of its doorstep delivery model, as it builds out a broader logistics platform designed to make ...
UK businesses remained under intense financial pressure throughout 2025, with more than 28,000 insolvency-related activities recorded over the year, underlining the fragile state of the operating environment despite easing inflation. New figures from R3, the trade association for restructuring and insolvency professionals, show there were 28,616 corporate insolvency activities in 2025. While this was slightly lower than the 29,366 cases ...
Sterling has surged to $1.38 against the US dollar, its strongest level since October 2021, as a combination of US economic disruption, shifting interest rate expectations and geopolitical uncertainty weakens the greenback. Currency analysts said the move has been driven more by dollar softness than by a sudden strengthening of the pound, creating what some describe as a rare buying ...
Small British defence companies are set to gain easier access to Ministry of Defence contracts after the government launched a dedicated unit to simplify procurement and boost spending with smaller suppliers. The Ministry of Defence has unveiled the Defence Office for Small Business Growth, a new service designed to cut through what ministers describe as labyrinthine procurement processes that have ...
Peers have warned that the government’s proposed inheritance tax reforms covering pensions could place an unrealistic and potentially unmanageable burden on personal representatives, creating widespread delays, cashflow pressures and legal risk for those administering estates. In a report published today, the House of Lords Economic Affairs Finance Bill Sub-Committee examined the tax administration and practical implications of measures in the ...
The Transport Committee has called on the Government to seize “once-in-a-generation” opportunities to secure the future skills pipeline for the UK’s transport manufacturing sector, amid mounting shortages and the rapid shift to cleaner technologies. In a new report published today, MPs warn that manufacturers across aerospace, automotive, rail and maritime industries are struggling to access the skilled workforce they need ...
Harlow Payments was founded in 2024 by a leadership team that had already spent decades inside the payments industry. Before Harlow, its founders and executives helped build and scale EVO Payments, a global processor that was later acquired by Global Payments for $4 billion. That experience shaped how they think about payments, growth, and responsibility. Rather than chasing hype, Harlow ...
Zeus Sleep Ltd has been awarded £1.48 million in funding from the National Institute for Health and Care Research (NIHR) to lead one of the UK’s largest multi-centre clinical trials into Obstructive Sleep Apnoea (OSA). The trial will be led by Guy’s and St Thomas’ NHS Foundation Trust in partnership with King’s College London, and will evaluate a next-generation, non-invasive ...