According to Sir Nigel Wilson, a City grandee, the UK must overhaul its capital market to attract £1tn in investment over the next decade for housebuilding, infrastructure, and new start-ups.
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City taskforce says the UK will need to invest £1tn over the next 10 years if it is to meet its economic growth goals. The Capital Markets of Tomorrow Report,
The British Chambers of Commerce (BCC) has issued a stark warning about the UK’s inflation outlook, projecting that consumer price inflation will climb steadily to 2.6% by the end of
The United Kingdom is set to close its final coal-fired power station at the end of September, marking the end of a 140-year reliance on coal for electricity generation. This
The government’s first renewable energy auction has resulted in a record-breaking 131 new green infrastructure projects, including nine offshore wind farms. This is a notable increase from the 92 projects
The pound is expected to become one of the top-performing major currencies in 2024, according to leading American investment banks. Analysts predict that sterling will reach a four-year high of
In a significant shift from its 87-year history, Volkswagen is contemplating the closure of factories in Germany and potential job cuts as it faces a challenging economic environment. This consideration
The music industry is abuzz with the news of the Oasis reunion tour, which is expected to be the most popular tour in British history and a solid gold financial
As the world emerges from the shadows of the pandemic, business travel is making a strong comeback, but with a notable shift in priorities. Companies are now prioritising cost-effectiveness and
British businesses are losing out on billions of pounds in revenue by neglecting to file international patents at the same rate as their counterparts in other countries, experts have cautioned.
As cautious consumers reduce their spending, Macy’s, America’s largest department store chain, has revised its sales outlook for the rest of the year downward. The retailer cited significant discounting as
In the wake of the Covid-19 pandemic, the job market has experienced a significant shift from the “Great Resignation” to what can now be described as the “Great Retention”. As
Britain’s second-largest trade union, Unite, is urging the new Labour government to introduce an emergency 1% wealth tax on the assets of the super-rich. The proposed tax would be applied
The pound has reached a 13-month high against the dollar, trading at $1.3118, as British companies reported their fastest growth in four months during August. According to the latest S&P
In an effort to boost the construction of affordable homes, UK Chancellor Rachel Reeves is planning to introduce a 10-year formula in the upcoming October Budget. This formula will allow
The newly appointed Chancellor, Rachel Reeves, faces challenging decisions as recent official data indicates that government borrowing in July reached £3.1 billion, significantly surpassing expectations. This figure is £1.8 billion
