News
UK Businesses Cut Staff at Fastest Rate Since February Amid Rising Costs and Tariff Uncertainty
UK businesses are shedding jobs at the fastest pace in five months, as rising payroll taxes, sluggish demand, and mounting…
River Island Warns of Potential Collapse Without Approval of Rescue Plan
British high street retailer River Island has warned it could collapse by the end of summer unless landlords and creditors…
Bank of England Governor Warns Against Deregulation Amid Financial Stability Concerns
Bank of England Governor Andrew Bailey has issued a stark warning to Chancellor Rachel Reeves over her government’s plans to…
General Motors Profits Plunge Amid Trump-Era Tariffs and EV Headwinds
General Motors has reported a significant 32% drop in second-quarter profits, citing a $1.1 billion blow from newly imposed import…
UK Inheritance Tax Revenues Hit £2.2 Billion Amid Soaring Property Prices and Frozen Thresholds
HM Revenue and Customs (HMRC) collected £2.2 billion in inheritance tax (IHT) in the first quarter of the 2024–25 tax…
British Business Bank Returns to Profit with £144m Gain Amid Expanded Growth Mandate
The British Business Bank has reported a pre-tax profit of £144 million, marking a strong financial rebound after two years…
