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UK economy

  • Guaranteed hours rules would threaten jobs, government warned

    April 27, 2026

    Four leading trade bodies have warned the government that new rules around guaranteed hours would increase unemployment and prevent young people from entering the jobs market. The industry bodies have raised concerns over Labour’s guaranteed hours policy, a part of the Employment Rights Act which became law in December. The British Retail Consortium, Food and [...]

  • Economy could suffer for eight months after Iran war ends, minister says

    April 26, 2026

    Surging food and energy prices caused by the Iran war could last for more than eight months after the conflict ends, Starmer’s right-hand man has said.  Higher petrol, food and plane ticket prices will persist for “eight-plus months” following the end of the conflict, chief secretary to the Prime Minister Darren Jones said.  The minister [...]

  • Government to step up support for businesses affected by Iran war

    April 26, 2026

    The government is ramping up efforts to offset the impact of the Iran war on UK businesses as concerns over energy prices continue to grow. In its latest attempt to ease the damage caused by the Middle East conflict, the government has opted to work directly with businesses, with the prime minister preparing to chair [...]

  • Starmer to face vote over Peter Mandelson sleaze inquiry

    April 25, 2026

    Keir Starmer will face a vote on whether he should be referred to a parliamentary sleaze inquiry over claims that he misled the House of Commons about the appointment of Mandelson as ambassador to the US. The prime minister said earlier this week that Downing Street had put no pressure “whatsoever” on the Foreign Office, [...]

  • Tax raids trigger worst start to year on record for businesses

    April 25, 2026

    Tax rises under Labour coupled with the war in Iran have triggered the worst start to the year for businesses on record. Fewer businesses were set up in the first three months of 2026 than in the same period of any year on record, according to figures from the Office of National Statistics. Just 78,655 [...]

  • British Airways forced to downgrade loyalty scheme members after ‘error’

    April 25, 2026

    British Airways has been forced to downgrade thousand of members of its loyalty scheme, after it parent’s company rewards team incorrectly told passengers they could keep their gold or silver tier status. The error, which IAG Loyalty pinned on a “technical issues”, comes as shake-up of the scheme is becoming disruptive for the thousands of [...]

  • Banks brace for potential tax raid if Starmer is ousted

    April 25, 2026

    Banks in the UK are bracing for potential tax raises, as expectations that Keir Starmer could soon be replaced by a more leftwing Labour politician continue to grow. The banking sector narrowly evaded a tax increase in last year’s Autumn Budget after chancellor Rachel Reeves sought reassurance that they would boost lending in the UK [...]

  • Big Four carnage as KPMG swings the jobs axe on both sides of the Pond

    April 24, 2026

    On the back of KPMG taking the shears to its partners’ headcount in the UK, around 140 audit partners across the Atlantic are now set to lose their jobs. The Big Four firm is set to cut about 10 per cent of its 1,400 US audit partners to reduce its bloated headcount. The move comes [...]

  • Lib Dems vow to push back controversial Pension Schemes Bill

    April 24, 2026

    The government has been warned that the Pension Schemes Bill will continue to be pushed back unless ministers remove controversial mandation powers, as a groundswell of opposition puts pressure on the government to water down the bill. The warning comes as the House of Commons gears up for the bill to bounce back from the [...]

  • UK is of ‘marginal relevance’ – Nick Clegg dismisses sovereign AI push as ‘dishonest’

    April 24, 2026

    Nick Clegg has told Morning Wire that the UK’s AI sovereignty debate is “slightly dishonest” due to our “marginal relevance” as a global tech player. The ex-president of global affairs at Meta also said that policy decisions taken in recent years have limited the role the UK can now play in the development of AI [...]

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