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Wealthy Britons avoiding more tax than thought, spending watchdog says
The National Audit Office highlighted a significant shortfall in tax revenues from affluent individuals, emphasizing the need for increased government action to recover billions of...
Read Full Article →The Guardian view on Europe’s growing wealth divide: back to the world of Balzac | Editorial
Rising asset values and tax policies favoring inheritance have significantly increased wealth transfer across generations, intensifying economic disparities between those with inhe...
Read Full Article →Energy bill defaults hit record high, says ONS
Recent data from the government indicates a rising number of households are facing financial difficulties, leading to an increased rate of missed automatic payments for utility ser...
Read Full Article →Is Burberry’s job-slashing shake-up enough to save the troubled brand?
Burberry’s decision to reduce its workforce following a significant decline in profits reflects challenges in both the luxury market and brand appeal, prompting a notable positive...
Read Full Article →UnitedHealth Group shares plunge after report of Medicare fraud inquiry
The value of UnitedHealth Group’s stock declined significantly following news of a federal probe into alleged fraudulent activities related to Medicare, coinciding with the announc...
Read Full Article →Largest US crypto exchange says cost of recent cyber-attack could reach $400m
The recent cybersecurity breach impacting a portion of the exchange’s users is expected to result in financial losses ranging from $180 million up to $400 million, excluding the co...
Read Full Article →Walmart will have to raise prices this month due Trump tariffs, executives say
Walmart anticipates increased costs from recently imposed tariffs, leading to higher product prices this month, as the company aims to maintain sales growth despite facing addition...
Read Full Article →Trump says he has a ‘little problem’ with Tim Cook over Apple’s India production
The reported shift of iPhone assembly from China to India could impact supply chain costs and trade dynamics, drawing attention from political leaders concerned about domestic manu...
Read Full Article →Nissan open to making cars for Chinese partner in Sunderland, says CEO
Nissan’s willingness to produce vehicles for a Chinese collaborator at its UK facility highlights a strategic effort to maintain operations amid broader restructuring and significa...
Read Full Article →Trump pick for workplace safety agency sparks fears heat protections will be derailed
The appointment of a former corporate executive to head OSHA raises concerns that regulatory efforts to establish federal safeguards against workplace heat hazards may face signifi...
Read Full Article →US reportedly plans to slash bank rules imposed to prevent 2008-style crash
Reducing regulatory capital requirements may increase banks’ risk exposure, potentially lowering their financial stability but encouraging greater lending and investment activity i...
Read Full Article →GDP rise and a less scary outlook offer Rachel Reeves some rare cheer
The recent 0.7% increase in the UK’s GDP during the first quarter signals a potential economic rebound that could support government efforts to stabilize growth amid political chal...
Read Full Article →UK economy defies gloomy warnings to grow 0.7% in first quarter of year
The economy's unexpected expansion in early 2024 reflects increased business investment and export activity, boosting market confidence despite previous forecasts of economic downt...
Read Full Article →UK GDP report to show how fast economy grew in first quarter of 2025 – business live
The upcoming economic data release will provide insight into the pace of the UK’s growth in early 2025, influencing investor confidence amid ongoing inflation and recent trade deve...
Read Full Article →MP to launch bill to target superyachts, private jets and fossil fuel producers
A proposed private member’s bill aims to generate funds for flood protection and home insulation by requiring contributions from fossil fuel producers and owners of luxury vehicles...
Read Full Article →UK urged not to exploit poor countries in rush for critical minerals
Civil society organizations highlight the potential economic impact of unethical sourcing practices in mineral procurement, urging policymakers to ensure fair and responsible suppl...
Read Full Article →The Guardian view on Trump’s conflicts of interest: the shadow of kleptocracy | Editorial
The intertwining of presidential duties with private business interests raises concerns about potential financial benefits derived from international relationships, challenging est...
Read Full Article →Trump’s cryptocurrency endeavor caps a political career filled with conflicts of interest
Donald Trump’s involvement in cryptocurrency highlights ongoing concerns about the blending of personal business interests with political influence, raising questions about ethical...
Read Full Article →Trump cabinet member’s links to El Salvador crypto firm under scrutiny
Howard Lutnick’s business connections to El Salvador involve investments in cryptocurrency ventures linked to prominent political figures, raising questions about potential financi...
Read Full Article →‘Significant doubt’ revealed over Bank of London’s ability to keep operating
Auditors have expressed concerns about the bank’s capacity to secure necessary funding amid regulatory scrutiny, which may impact its operational continuity and financial stability...
Read Full Article →What Trump’s ‘palace in the sky’ gift from Qatar reveals | Moira Donegan
The involvement of foreign investments and family business ventures during the Trump administration highlights how financial interests were closely intertwined with political decis...
Read Full Article →Firms still greenwashing in adverts after being censured, UK investigation finds
Despite regulatory warnings, some companies have sustained promotional practices that may impact consumer trust and investment decisions, potentially affecting their long-term mark...
Read Full Article →Britain’s biggest pawnbroker H&T snapped up by US firm for £297m; Goldman Sachs lifts UK and eurozon...
The acquisition of a leading British pawnbroker by an American company for nearly £300 million highlights ongoing international investment trends impacting the UK’s financial and r...
Read Full Article →Rising goods prices could delay UK interest rate cuts, says Bank policymaker
The Bank of England’s Catherine Mann indicated that ongoing price increases among businesses may postpone monetary easing, as policymakers require evidence of restrained pricing be...
Read Full Article →The Cybertruck was supposed to be apocalypse-proof. Can it even survive a trip to the grocery store?
Tesla’s Cybertruck has struggled to attract its intended niche market, leading to financial challenges that reflect the gap between its ambitious design and consumer acceptance.
Read Full Article →UK watchdog launches investigation into Aviva’s £3.7bn takeover of Direct Line
The regulatory review will assess how the proposed £3.7 billion acquisition might affect market dynamics and competitive conditions within the UK insurance industry over the coming...
Read Full Article →Co-op cyber-attack: stock availability in stores ‘will not improve until weekend’
The disruption caused by a recent cyber incident has impacted product replenishment, potentially affecting sales revenue and customer retention until normal supply chain operations...
Read Full Article →Burberry may cut 1,700 jobs globally to reduce costs as profits fall
Burberry’s planned workforce reductions and operational changes aim to improve financial stability following a significant decline in annual earnings amid challenges in the luxury...
Read Full Article →Former footballers claim ‘financial grooming’ took them to ‘hell and back’
Several former professional footballers have faced serious financial consequences after investing in unsuccessful schemes, resulting in tax avoidance allegations and substantial pe...
Read Full Article →US tech firms secure AI deals as Trump tours Gulf states
Several American technology companies have entered substantial agreements involving AI hardware and services in the Middle East, reflecting significant investment and collaboration...
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