China’s Chery poised to strike deal with Nissan to build cars at Sunderland plant June 3, 2026 Chery is on the cusp of building its first manufacturing presence in the UK in the latest sign of Chinese carmakers gaining a major foothold in Britain’s electric vehicle market. The Omoda and Jaecoo owner, which is the third largest carmaker in China, has unveiled a non-binding memorandum of understanding (MoU) with Nissan to explore [...]
UK in line for fresh US tariff hit as Trump proposes ‘forced labour’ levy June 3, 2026 Donald Trump has proposed a fresh round of tariffs that would hit numerous nations including the UK as the President seeks to rebuild his sweeping wall of levies that were struck down by the Supreme Court. The US is exploring a tariff of at least ten per cent on imports from up to 60 trading [...]
Cliff-edge warning: Fewer than 10 per cent of Brits to achieve a comfortable retirement June 3, 2026 Large numbers of Brits are at risk of facing a retirement ‘cliff edge’ as people fail to save enough to achieve a moderate or comfortable retirement. For someone living on their own, a comfortable lifestyle would require an annual income of £45,400, a level only nine per cent of Brits are on track to hit, [...]
Labour turmoil and Iran war brings ‘reversal of fortunes’ for UK economy June 3, 2026 A combination of feverish political speculation and knock on effects from the war in Iran has culminated in a “reversal of fortunes” for the UK economy, as new data suggests activity across the private sector declined in May. S&P Global’s monthly survey of hundreds of firms has shown that business across services companies declined in [...]
OECD: Growth to remain below one per cent as UK economy struggles with unemployment June 3, 2026 What little growth the UK economy will experience this year will be fuelled by high government expenditure, according to the world’s top independent economic organisation. The OECD, the Organisation for Economic Co-operation and Development for long, said public expenditure would “support the economy” even as consumer spending and business investment is set to weaken. The [...]
As it happened: Stocks jitter on stalling US-Iran talks; OECD unemployment warning June 3, 2026 Welcome back to the Morning Wire liveblog. Markets are being pulled in countless directions from the conflicting information emerging around the conflict in the Middle East. The FTSE 100 managed to shrug off some of these jitters yesterday and secure a finish 0.3 per cent higher as the price of oil slipped. But this morning [...]
Tony Blair has issued a call to arms – but will Labour listen? June 3, 2026 Tony Blair’s blockbuster intervention is a reminder of a time when the government believed business was part of the solution to Britain’s problems, says Steve Rigby For entrepreneurs, looking back can be anathema. Everything is about the future – the next customer, the next acquisition, the carefully-plotted route towards a big-money exit. But for those [...]
Municipal bonds could revolutionise Britain – but there’s a catch June 3, 2026 Municipal bonds could create genuine local economic autonomy. But they require infrastructural change to work, writes Tim Focas.
This is why the City’s fintech IPO boom hasn’t happened yet June 3, 2026 Hopes remain high for a flurry of fintech listings, in this week’s column Samuel Norman takes a look at whether this could come to fruition and what could be holding it up. City officials have pinned a hefty portion of their hopes for a London Stock Market revival on the nation’s fintech stars. Rachel Reeves [...]
Delaying estate planning could cost affluent Brits over £12bn June 3, 2026 Brits who are putting off dealing with their estate planning could lose over £12bn in preventable inheritance tax from April 2027, as more middle-income earners brace to be ensnared in the tax net. Families who are in the top decile of UK wealth who do not begin estate planning until they are 70 could fail [...]