Business News

Reeves weighs income tax rise to plug £30bn fiscal hole

Chancellor Rachel Reeves is considering raising income tax for the first time in more than a decade as she faces one of the most difficult budgets in recent memory, with a £30bn fiscal gap and mounting political risks. Read more: Reeves weighs inc...

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NatWest profits surge 30% as higher interest rates fuel bank earnings

NatWest has reported a sharp rise in quarterly profits as higher interest rates and strong customer activity lifted earnings, prompting the High Street bank to raise its forecasts for the year. Read more: NatWest profits surge 30% as higher interes...

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Brainspark Games founder secures triple investment on Dragons’ Den

Brainspark Games founder Reedah El-Saie walked away with backing from three Dragons after her innovative EdTech pitch won over Sara Davies, Deborah Meaden and Touker Suleyman on BBC’s Dragons’ Den. Read more: Brainspark Games founder secures tr...

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UK car production plunges to lowest level since 1952 after Jaguar Land Rover cyber attack

A crippling cyber attack that shut down Jaguar Land Rover’s factories has pushed Britain’s car output to its lowest level since the early 1950s, as fresh data reveals the full impact of the incident on the wider industry. Read more: UK car prod...

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London Stock Exchange seals £170m deal with 11 global banks to strengthen post-trade operations

London Stock Exchange secures £170m from 11 major banks for its Post Trade Solutions arm, valuing the business at £850m amid strong Q3 results. Read more: London Stock Exchange seals £170m deal with 11 global banks to strengthen post-trade opera...

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Tony Blair urges Ed Miliband to scrap green levies amid energy cost backlash

Tony Blair’s think tank urges Labour to scrap green levies, warning that Ed Miliband’s 2030 clean power target risks voters and raises energy costs. Read more: Tony Blair urges Ed Miliband to scrap green levies amid energy cost backlash ...

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Oxford rail link to reopen as £10bn tech campus fuels ‘Europe’s Silicon Valley’ vision

The UK government backs the reopening of Oxford’s Cowley rail line alongside a £10bn investment from Larry Ellison’s new technology institute. Read more: Oxford rail link to reopen as £10bn tech campus fuels ‘Europe’s Silicon Valley’ vi...

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FCA chief warns UK financial system “not prepared” for rising global and cyber risks

FCA boss Nikhil Rathi warns UK’s financial system is unprepared for global conflicts, cyber threats and rising money laundering risks. Read more: FCA chief warns UK financial system “not prepared” for rising global and cyber risks ...

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Rise in people and firms cancelling private medical insurance as tax squeeze bites: “The numbers no longer stack up”

Financial advisers report a rise in businesses and individuals cancelling private medical insurance as tax pressures and costs mount. Read more: Rise in people and firms cancelling private medical insurance as tax squeeze bites: “The numbers no l...

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Oxford AI startup Astut raises £1.6m to tackle ‘never-before-seen’ business crises with explainable AI

Oxford spinout Astut secures £1.6m seed funding to commercialise AI that helps organisations make decisions in crises with no historical data. Read more: Oxford AI startup Astut raises £1.6m to tackle ‘never-before-seen’ business crises with ...

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