Trump slaps 100 per cent tariff on imported drugs September 26, 2025 US President Donald Trump announced a new round of tariffs on Thursday evening, with the pharmaceutical industry expected to be the hardest hit. Trump revealed that the US will impose a 100 per cent tariff on imported branded drugs, a 25 per cent tariff on all heavy-duty truck imports, a 50 per cent tariff on [...]
One in seven women endure unwanted sexual behaviour at work, survey finds September 25, 2025 New data reveals that more than a quarter of women have faced harassment at work, and one in seven have been subjected to unwanted sexual behaviour, highlighting a persistent problem across UK workplaces. WalkSafe, a safety platform founded after the tragic murder of Sarah Everard, has released statistics highlighting a worrying trend of threatening behaviour [...]
Brits get poorer amid high inflation and soaring taxes September 25, 2025 British families saw their incomes drop in real terms last year when household sizes are taken into account, official data has shown, with high inflation and tax demands squeezing people’s finances. The Office for National Statistics has revealed that equivalised original income for UK households dropped by £1,400 in real terms because salaries did not [...]
Watch: Is the UK at risk of recession? September 25, 2025 We were told this would be the most pro-business government in the history of the country – so why have a gang of top chief executives this week fired warning shots at the Treasury – and why has one of them warned that we’re heading into a recession? It wasn’t supposed to be like this. [...]
UK fintechs send rallying cry as industry slips in global ranking September 25, 2025 UK fintech leaders have sent a rallying call to policymakers after the sector slipped in global rankings. A host of industry bigwigs have told Morning Wire the government must be bolder in growth-orientated reforms to bolster the sector’s standing against rivals. It comes after Z/Yen’s 38th Global Financial Centres Index showed the UK’s fintech sector [...]
Manufacturing sector warned: Employment claims set to soar under new Rights Bill September 25, 2025 Manufacturing businesses are grappling with a rising tide of Employment Tribunal claims, driven by economic pressures, which are set to become even more challenging under the Employment Rights Bill. A new report from law firm Birketts, shared exclusively with Morning Wire, reveals that manufacturing businesses faced an average of 39.44 tribunal claims over the past [...]
Farage confronts ‘dinosaur’ Bailey on Bank’s independence September 25, 2025 Reform UK’s Nigel Farage and Richard Tice challenged Bank of England Governor Andrew Bailey on Treasury losses from quantitative tightening (QT) at a showdown meeting on Thursday morning, with market instability partly caused by the programme and stablecoins regulation raised as subjects of discussion. Farage and Tice sat down with the Bank of England Governor [...]
Barclays, Citi, JP Morgan bosses sound alarm on bank tax September 25, 2025 Rachel Reeves has been handed a warning by top banking chiefs to prioritise stability for the financial services industry amid speculation of looming tax hikes. The bosses of UK banking giants have cautioned the Chancellor on potential tax rises and stressed the sector must remain competitive. Barclays’ boss CS Venkatakrishnan – known as the Venkat [...]
UK drug prices necessary to stop feud with companies, says science minister September 25, 2025 The price the NHS pays for medicines will need to rise to end the feud with pharmaceutical companies and stop the exodus of investment in the UK, science minister Patrick Vallance has said. Lord Vallance told the Financial Times that “all options” were on the table in terms of UK drug pricing, after several large [...]
London hot on New York’s heels as financial centre race ramps up September 25, 2025 London is now within a whisker of ousting New York as the world’s leading financial hub, fresh rankings reveal, but risks remain over the capital’s fintech prospects. The City was chomping at the heels of the Big Apple with just a singular rating point between the two. New York once more topped the rankings in [...]