Billionaire Chris Rokos, who paid £330m in tax last year, to quit UK
The hedge fund billionaire Chris Rokos is poised to leave the UK, the latest in a string of high-profile exits among Britain’s super-rich.
Economy
UK retailers to create 100,000 placements for young people out of work
In partnership with DWP, firms such as John Lewis and M&S plan to offer 18- to 24-year-olds placements of two to four weeks
Europe’s fighter jet plans are in disarray. What happens next?
While the UK and Italy are making progress, France and Germany’s joint venture came to nothing, and the prospect of more countries pulling together seems way off
French winemakers forecast 30-year low harvest after severe drought and heat
French vineyards hit by severe drought and heatwaves are expected to report a 30-year low in wine production after the country’s hottest ever recorded summer, according to the agriculture ministry.
Jaguar Land Rover confirms plan to cut 4,000 jobs over two years
Jaguar Land Rover has announced thousands of job cuts in a “body blow for workers” as it grapples with tough trading conditions, Donald Trump’s tariff wars and the fallout from a cyber-attack.
John Healey backs growth but says Labour must be honest on spending
John Healey has said boosting economic growth will be his defining mission as chancellor as he warned Labour had to “be honest” about the need to control public spending at next month’s budget.
Faisal Islam: Chancellor's attempts to boost vibes may limit tax rises
The chancellor may have thought about shifting the venue of his first major speech this morning.
Architect of UK’s AI policy quits after Anthropic conflict of interest concerns
The chair of the UK government’s “moonshot” science and technology research unit has been forced to stand down after taking a job with the San Francisco AI firm Anthropic, after warnings from senior MPs that the move cr…
Next overturns equal pay ruling that raised basic wages for shop staff
The UK retailer Next has overturned a 2024 court ruling forcing it to pay its shop staff the same higher basic pay rates as its warehouse workers under equal pay rules.
Iran’s parliament speaker warns of strikes against U.S. energy firms
Iran’s joint military command said the Strait of Hormuz remained closed and warned that regional oil, gas, electricity and economic infrastructure would be targeted if the United States carried out President Donald Trum…
UBS expects the Fed to lift rates twice before the end of the year. Here’s why.
Since the U.S. and Israel launched strikes on Iran on February 28, jet fuel prices in the U.S. have more than doubled. According to data from the Energy Information Administration (EIA), the year-to-date percent change …
UK house prices fall for first time since 2023, led by London and south-east
UK house prices have fallen for the first time in almost three years, as prospective buyers were squeezed by higher mortgage rates, geopolitical uncertainty and stretched affordability.
Tiny cash buffers leave small UK TV firms at risk of going bust, analysis finds
Hundreds of small UK TV companies have so little cash in reserve that a filming overrun or a delay to a series could send them bust, an industry body has warned, as programme budget cuts by broadcasters threaten their f…
Labour’s new powers for water customers are a ‘stitch-up’, say campaigners
Labour’s new powers for customers to hold water companies to account are a “stitch-up”, campaigners have said, as utilities firms have been advising on how to implement it.
Designers should not fear being replaced by AI, industry leaders say
Professional designers should not feel “threatened” by the rapid growth of generative AI, according to business leaders, despite fears over job losses in the sector.
Chancellor to argue UK economy can ‘turn corner’ despite bond market turmoil
John Healey will argue the government’s plans to boost growth across the whole country will enable the British economy to “turn a corner” despite anxiety over volatile bond markets derailing Labour’s crucial first budge…
EU faces 300,000 factory job cuts as China ‘colonises’ supply chains, industry warns
Job losses in EU manufacturing will rapidly increase unless Brussels stops the “colonisation” of industry by Chinese component manufacturers, a leading industry trade body has warned.
No bailouts for Jaguar Land Rover amid reports of thousands of job cuts, says minister
The government has signalled that it will not invest taxpayers’ money to limit job losses at Jaguar Land Rover (JLR), after it emerged that the UK’s biggest carmaker is planning up to 4,000 redundancies .
Burnham talks of radical change, but Treasury mood music says otherwise
Bond market volatility means John Healey will have to take tough decisions, soon, if he wants to meet spending pledges
Farage says overseas donation row ‘looks bad’ but denies Reform broke law
Robert Jenrick says party has followed legal protocol ‘at all times’ as Met police consider launching investigation
German startup sends first commercial rocket into space from Europe
A German startup has launched the first commercial rocket to reach orbit from continental Europe, a milestone for Europe’s efforts to secure independent access to space.
How China became a more powerful force in global gold demand
As the US and Israel systematically assassinate Iranian officials and bomb schools, hospitals, and residential areas, Tehran has defended its sovereignty by engaging in a campaign of asymmetric economic warfare, not onl…
The student loan scam looking to dupe already anxious students
Scammers hope to siphon off some of the £2.6bn in student maintenance funds paid out each September
Online bookies accused of UK privacy breaches with use of cookie banners
Most gambling websites nudge users towards accepting tracking data and harvest it before consent is given, study shows