UK

Clare Barclay is the new chief executive at Microsoft UK. She will oversee the British Government's Industrial Strategy. Barclay is to chair the Industrial Strategy Advisory Council. This council will advise the government, in…

Rachel Reeves is unlikely to hit the private equity industry with the 45p top tax rate this month, because she's looking for to find a compromise deal to close the tax "loopholes", which doesn't drive investors away from Britain. Reeves…

TotalEnergies' chief executive said that the French oil major would reduce its investment in the UK if the government increased the windfall tax. Patrick Pouyanne says the plans of the Labour government to increase the tax rate and…

The Office for Budget Responsibility's crystal ball shows that Britain will be a very different place in 50 years. It is indeed grim. The government's independent watchdog on spending predicts that if policies remain unchanged, national…

The Royal Mint has left millions of unwanted 1p and 2p coins languishing in warehouses across Britain, as speculation mounts over the future of copper coins. According to industry data, approximately 260 million surplus copper coins, worth…

The UK government has initiated the hiring process for GB Energy, with plans to reveal the location of the state-owned company's headquarters in Scotland next month. The Department for Energy Security and Net Zero has advertised "mid-senior…

The potential takeover of Seven & i by Alimentation Couche-Tard (ACT) indeed represents a significant moment in the global convenience store industry. If the acquisition goes through, it would not only be the largest foreign acquisition…

The UK's commercial real estate market is demonstrating a quicker recovery than its European counterparts after a challenging two-year downturn caused by high interest rates. Recent market data indicates that, in the first half of 2024,…

The UK's water sector is preparing for potential penalties amounting to £2 billion over the next five years, as the regulator Ofwat intensifies efforts to tackle sewage issues. A recent report from Moody's, a leading ratings agency,…

The UK economy has shown signs of recovery in the first half of 2024, with quarterly growth at 0.6%, an annual inflation rate of 2.2%, and unemployment at 4.2%. However, it is important to note that the economy continues to grapple with…

Rachel Reeves accused Jeremy Hunt on Monday of lying about the condition of the public finances. This escalated a dispute with the Conservatives, who claimed that they had left a £22bn deficit. The chancellor said that her predecessor…

The pound reached a new high of one year against the dollar after UK inflation data for June came in slightly higher than expected at 2%. The data showed that consumer prices were higher than analysts' expectations of 1.9%, and traders…

Sir Keir has laid out 40 bills that he says will start "a decade of renewal for our nation" in a King's Speech for economic growth. The plan includes a large role for the government and an upgrade to worker's rights. The new Prime…

The net migration accounted for the largest population growth in England & Wales in 75 Years last year, while births fell to a two decade low. This highlights the changing demographic pressures that Sir Keir's Starmer government is…

The pound rose to its highest value against the dollar since almost a full year after the UK's economy grew faster than expected in May, while US inflation was lower than forecast. This led to a general decline in the greenback. The…

The Chancellor Rachel Reeves announced that the new flagship National Wealth Fund of £7.3bn to decarbonise Britain’s heavy industry would start investing "immediately" in areas like green steel and megafactories. She announced on Tuesday…

A landmark Supreme Court judgment ruled that individuals and private landowners can sue water companies for sewage discharged into UK waters. The lawsuit is one of many that water companies are facing as the anger grows over the storm…