Healey revives ‘price-gouging’ threat as cost of living options narrow August 2, 2026 Chancellor John Healey has revived threats against retailers over profiteering as his cost of living options have narrowed due to problems facing the country’s public finances. Healey warned supermarkets that they would not be able to take Britons “for a ride” as the Treasury would closely monitor “any suggestion” that shoppers were suffering from large [...]
Revolut will become $1 trillion company by 2035, says early VC backer July 31, 2026 Revolut will secure a price tag of $1 trillion within a decade, an early backer of the fintech has claimed. The digital banking juggernaut is in the midst of a secondary share sale at an expected valuation of $115bn and was last valued at $75bn in November 2025, when it landed investment from chip giant [...]
Burnham accused of imposing ‘top–down’ devolution July 30, 2026 Andy Burnham’s devolution agenda has been slammed over its “top down” approach after the Prime Minister unveiled new plans to share income tax revenue with local leaders. Burnham, himself a former Manchester mayor, said regional leaders in England will begin receiving a “greater share of locally generated revenues” next spring as part of his push [...]
UK government backs British business to get slice of £33bn in Morocco World Cup contracts July 30, 2026 British businesses hoping to get in on £33bn worth of World Cup contracts in Morocco have been boosted by government backing. The Foreign Office is aiming to help British firms get a piece of the construction cake as a number of projects ramp up in North Africa ahead of the next Fifa World Cup, which [...]
Pensioners hit with £8bn tax bill after government freezes allowances July 30, 2026 Pensioners paid some £8bn in extra tax last year after a freeze on personal allowances dragged people into higher bands, new figures have revealed. The amount of tax paid by people in retirement climbed from £21.1bn to £29.8bn, an increase of over 40 per cent in just two years, according to the latest pension participation [...]
Burnham’s plea to City chiefs: let a young person shadow you at work July 30, 2026 Andy Burnham has called on City bosses to let young people shadow them at work as part of a push to tackle the problem of youth unemployment. Speaking to the Jimmy’s Jobs of the Future podcast, the prime minister said that there needs to be more work experience and apprenticeships for young people who don’t [...]
BAE Systems raises guidance yet Burnham wavers on defence July 30, 2026 BAE Systems raised its guidance after a series of contract wins yet optimism over spending top-ups may have faded after Prime Minister Andy Burnham refused to commit to lifting expenditure. The aerospace and arms company said profit for the first half of the year amounted to more than £1bn while sales also improved on the [...]
Hammerson boss mad for Manchester as firm snaps up Arndale shopping centre July 30, 2026 Hammerson has snapped up a stake in one of the UK’s biggest shopping centres as the retail real estate firm expands its UK footprint. The FTSE 250 property company has paid £218m to acquire a 50 per cent stake in the Manchester Arndale shopping centre, marking the company’s first major external acquisition in over a [...]
Schroders profits surge as assets hit record £868bn July 30, 2026 Schroders said its profit nearly doubled in the first half of the year as assets under management hit a record high of £868bn. The FTSE 100 money manager, which is in the process of being acquired by US funds group Nuveen, said assets under management (AUM) jumped 12 per cent to £867.8bn, up from £776.6bn [...]
Lloyds beats profit target as bank sets sights on more cost-cutting July 30, 2026 Lloyds Banking Group beat its profit forecast for the first half of the year as the bank’s top boss laid out plans to make further cost savings in the years ahead. The FTSE 100 lender – which owns the Bank of Scotland and Halifax – recorded a £4.3bn pre-tax profit in the first half of [...]