41 m. ago University urged to vow no compulsory job cuts after 350 staff opt to leave

A total of 350 workers at the University of Edinburgh have taken voluntary redundancy, according to the institution’s principal.

Politics

66 m. ago ‘Very problematic’: US apparel bosses say Trump’s tariffs will hurt Americans

The president aims to boost US manufacturing, but insiders warn tariffs will increase costs and destroy businessesAcross the US, many executives leading apparel and textiles businesses are scratching their heads.Tariffs of 145% on goods from China, and tariffs of 10% on goods from much of the rest of the world, have been billed by the White House as a once-in-a-generation efffort to boost domestic manufacturing. Continue reading...

Politics

93 m. ago UK exported £59.3bn of goods to US last year ahead of tariffs

The Office for National Statistics said on Friday that the US represented 16.2% of all UK exports in 2024.

Economics

2 h. ago Woman unfairly dismissed from Marks and Spencer because she was pregnant

Nilgun Kayahan Kolan worked at the Watford branch of the high street chain for a brief period in October 2023.

Politics

2 h. ago WPP says US tariffs yet to hit client spending despite sales fall

The FTSE 100 company told shareholders it is making progress despite a ‘challenging’ wider economic backdrop.

Economics

3 h. ago Mobico to sell US school buses ahead of tariffs driving up fleet costs

The transport group described the sale to infrastructure investor I Squared Capital as a ‘milestone’.

Economics

4 h. ago William Hill owner says UK arm impacted by tighter gambling restrictions

It came as Evoke revealed stronger revenues for the latest quarter.

Politics

4 h. ago Warm weather boosts clothing and DIY retailers in surprise March sales uplift

The Office for National Statistics said the overall quantity of sales increased by 0.4% in March.

Events

5 h. ago China ‘may exempt some US goods’ from tariffs; British retail sales beat forecasts – business live

Rolling coverage of the latest economic and financial newsRachel Reeves used a brief speech to US investors at the British ambassador’s lavish residence in Washington last night, to acknowledge some of the downsides of globalisation, in a nod to Donald Trump’s stance.As she prepares to meet Treasury secretary Scott Bessent today, Reeves said China’s entry into the global trading system 25 years ago had created “huge benefits in terms of cheaper goods, more innovation and more opportunities to trade”.“They voted for change because they didn’t think that the economy worked well enough for them and their families. They saw the erosion of good jobs that paid a decent wage. They saw industries that once powered their towns disappear. And as elected politicians we have to respond to that”.“Some may say that under this very consequential president we have at the moment, this is a rollercoaster period and therefore a challenge to us all. But we would say that a rollercoaster is fine, as lon...

Economics

5 h. ago Offshore energy workers to be balloted on strikes after ‘shameful’ pay offer

The ballot opens on April 29 and runs until June 2.

Economics

13 h. ago Reeves to hold trade talks with US counterpart in Washington

Rachel Reeves will conclude her trip to the IMF’s spring meetings with talks on a potential US-UK trade deal.

Politics

13 h. ago Businesses ‘crying out’ for Scottish visas to boost workforce, says SNP MP

Stephen Gethins argued the UK’s current ‘one-size fits all’ approach to immigration is not working.

Economics

13 h. ago Tech firms and bosses face large fines for failing to remove knife crime content

The Government has announced plans to expand sanctions in an amendment to the Crime and Policing Bill.

Events

13 h. ago Consumer confidence slides amid household bill hikes and ‘Trump Tariffs’

GfK’s long-running Consumer Confidence Index fell four points in April to minus 23, led by an eight-point fall in expectations for the wider economy.

Politics

14 h. ago West ‘cannot be agnostic or naive’ about where goods are made, Reeves tells IMF

The Chancellor was speaking ahead of a meeting with US Treasury secretary Scott Bessent on Friday.

Politics

19 h. ago Reeves to say global trade should provide ‘security for working people’

Chancellor Rachel Reeves is in Washington for the International Monetary Fund’s spring meeting of finance ministers from the G7 and G20.

Events

19 h. ago PM backs ‘homegrown clean energy’ as Government pushes back on net zero critics

Sir Keir Starmer said clean energy is the only way to ensure energy security and drive down bills.

Politics

21 h. ago Meet the Revolut Trading CEO who has never applied for a job – and wants investing to kill off ‘girl math’

Bringing investment opportunities for the masses and promoting women in finance – Revolut Trading UK CEO Yana Shkrebenkova talks to Karl Matchett

Events

22 h. ago Revolut reveals internal points system to help determine staff bonuses

The fintech company is expected to gain a full UK banking licence later in 2025

Politics

23 h. ago IMF warns that trade tensions could test stability of world economy; Reeves ‘confident’ about US trade deal – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Events