16 h. ago David Lammy deploys army of top diplomats to kickstart economic growth and combat impact of Trump tariffs

Exclusive: With a failure to deliver economic growth leaving an estimated £18bn in Rachel Reeves’ budget, the use of senior diplomats to bolster engagement with business is just the latest part of a strategy to turn things around

Politics

5 d. ago Business news live: Government faces criticism for Cash ISA cuts and UK house price growth slows

Stock markets updates and business news from Monday

Economics

5 d. ago Relief for Reeves as 0.7% growth is confirmed for first quarter of 2025 but economists warn slowdown is already hitting amid tax hike fears

Official figures showed the powerhouse services sector expanding by 0.7 per cent between January and March.

Events

6 d. ago UK economy experiences most significant growth in over a year

Experts said there were clouds over the horizon for the economy

Politics

8 d. ago Scottish brand with staggering 517% sales growth named UK’s fastest

“There is always a bit of luck involved and anyone who has done well who says otherwise is not really telling the truth” – DFYNE founder

Economics

9 d. ago Why we need to close the AI skills gap to drive UK’s growth potential

Capital investment, access to tools, and upskilling are still unbalanced in Britain, writes Helen Lindsay

Events

9 d. ago Lioncroft Wholesale CEO: “Technology drives us forward, but let’s not forget the risks”

As UK businesses lean ever more heavily on technology to drive growth and efficiency, recent high-profile cyber attacks serve as a stark reminder of the risks. Lioncroft Wholesale CEO Dr Jason Wouhra OBE urges leaders to strengthen systems, train staff, and remain vigilant

Events

9 d. ago London population on course to hit 10 million over the next decade, in part due to migration

Tower Hamlets set for 20.4% rise in residents, including net increase of more than 87,000 people from abroad, says ONS

Events

1 week ago British Business Bank back in the spotlight with £10bn UK growth mandate

Louis Taylor, CEO of state-owned lender, targets investment in eight key UK sectors as he prepares defence at Covid inquiryLouis Taylor is caught between two eras. The chief executive of the British Business Bank (BBB) has spent much of his tenure attempting to revive the state-owned lender’s image after a battering from the fraud-hit pandemic loan scheme under the last government, and will soon have to defend its actions at the Covid inquiry.But until then, he can focus on the BBB’s gleefully landed fresh £10bn mandate linked to the centrepiece industrial strategy Labour hopes will boost a flagging economy as it nears the end of its first year in power. Continue reading...

Economics

1 week ago Big British Bank back in the spotlight with £10bn UK growth mandate

Louis Taylor, CEO of state-owned lender, targets investment in eight key UK sectors as he prepares defence at Covid inquiryLouis Taylor is caught between two eras. The chief executive of the British Business Bank (BBB) has spent much of his tenure attempting to revive the state-owned lender’s image after a battering from the fraud-hit pandemic loan scheme under the last government, and will soon have to defend its actions at the Covid inquiry.But until then, he can focus on the BBB’s gleefully landed fresh £10bn mandate linked to the centrepiece industrial strategy Labour hopes will boost a flagging economy as it nears the end of its first year in power. Continue reading...

Economics

1 week ago Business news live: Oil prices latest as FTSE 100 rises and UK pay growth slows to below inflation rate

Stock markets latest updates and business news on Tuesday

Economics

1 week ago Business news live: FTSE 100 rises and new data shows UK pay growth slows to below inflation rate

Stock markets latest updates and business news on Tuesday

Economics

1 week ago UK forecast to suffer world's biggest exodus of millionaires in 2025

The UAE will see the biggest influx of millionaires this year followed by the USA and Italy

Politics

2 w. ago Rachel Reeves is waging 'war on aspiration' and killing off growth with taxes, business leaders warn

Billionaire Sir James Dyson, in a blistering attack on Labour , yesterday accused the Government of being 'out to destroy' and punish wealth and job creators.

Events

2 w. ago UK economic growth downgraded due to tariffs and cost hikes – CBI

Rising costs are set to cause ‘weak’ business investment and weigh on the Government’s ambitions to accelerate growth, the business group said.

Economics

2 w. ago How do I stop my pension being used to promote economic growth

I note Chancellor Rachel Reeves says the Mansion House Accord will 'boost pension pots', which ignores the downside risk. And I do not want to take part.

Economics

3 w. ago ‘London is in decline’: How the guerrilla Tube graffiti cleaners think they can save the city

Looking for Growth are the people you’ve seen cleaning your Tube carriages. We spoke to the budding changemakers about their big plans for London

Politics

3 w. ago UK’s FTSE 100 share index hits record closing high despite economy shrinking in April – business live

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped.. but FTSE 100 ends at new record closeFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, t...

Economics

3 w. ago Voices: First the spending review, now the economy – what else lies in wait for Rachel Reeves?

Official figures showed UK plc plunged into the red in April, contracting by 0.3 per cent. There is no sugar-coating how bad of a result that is for the chancellor, writes James Moore

Economics

3 w. ago Largest ever plunge in UK exports to US as Trump tariffs hurt growth; dollar hits three

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumpedFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, to allow still troubling earnings growth ...

Politics