FCA urged to extend Covid insurance claims deadline for hospitality firms
Hospitality groups are urging the FCA to extend the Covid business interruption insurance claims deadline, warning thous...
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Business
MPs warn UK agreements with Donald Trump are ‘built on sand’
Senior MPs warn that UK agreements with Donald Trump lack legal substance, raising fears over fragile pharma, tech and f...
Amazon in talks over $10bn investment in OpenAI as AI arms race accelerates
Amazon is reportedly in talks to invest up to $10bn in OpenAI, potentially valuing the ChatGPT maker at more than $500bn...
UK interest rates cut to 3.75% as Bank signals inflation nearing target
The Bank of England has cut interest rates to 3.75% after a 5–4 vote, its fourth cut this year, as it forecasts inflatio...
Erasmus scheme set to return for UK students from 2027
The UK is set to rejoin the Erasmus scheme from 2027, five years after leaving it post-Brexit, giving students renewed a...
Grangemouth chemical plant saved in £120m government-backed rescue
Britain’s largest chemical plant at Grangemouth will remain open after Ineos secured more than £120m in government suppo...
OpenAI hires George Osborne to lead global Stargate initiative
OpenAI has appointed former chancellor George Osborne to lead its OpenAI for Countries initiative, expanding its Stargat...
Crypto ownership falls in UK as FCA prepares new digital asset rules
The proportion of UK adults owning cryptocurrencies has fallen to 8%, FCA research shows, as the regulator sets out plan...
Tribunal backlog tops half a million as fears grow over impact of new workers’ rights
The employment tribunal backlog has exceeded half a million active claims, raising concerns over whether the system can...
McKinsey plans thousands of job cuts as AI reshapes consulting workforce
McKinsey to make thousands of layoffs as AI advances Global consultancy firm takes its own advice and sets out to cut on...
Britain can compete with the US as a global crypto hub, insists City minister
Britain can compete with the US as a global crypto hub, says City minister Lucy Rigby, as the government unveils long-aw...
UK unemployment rises to 5.1% as labour market weakens and wage growth cools
UK unemployment rose to 5.1% in the three months to October, the highest since 2021, as jobs fell and private sector wag...
Job listings fall for second month as budget and employment law worries curb hiring
UK job adverts fell for a second consecutive month in November as employers delayed hiring amid budget uncertainty and c...
‘Reeves’ Christmas tax’ creates big winners and losers as 2026 business rates shake-up hits retail
New analysis shows the 2026 business rates revaluation will sharply raise bills for seasonal and destination retailers w...
Hello Vet raises £15m to expand transparent-pricing clinics across the UK
Hello Vet has raised £15m to expand its veterinary clinics nationwide, promising clearer pricing as vet costs have risen...
EU set to soften 2035 petrol and diesel car ban amid political pressure
The EU is expected to soften its planned 2035 ban on petrol and diesel cars, with hybrids likely to be allowed, sparking...