Volkswagen boss backs EU plan to bolster domestic European industry
The rules are aimed at countering the rapid rise of Chinese brands in Europe in the automotive sector and other important manufacturing industries. Lower-priced Chinese manufacturers have prompted a crisis in several…
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Trump’s deal with Putin will have little impact on US diesel prices, experts say
The US president infuriated Volodymyr Zelenskyy when he announced the deal on Friday, writing on Truth Social that the agreement with his Russia counterpart to supply millions of tonnes of diesel was essential to reduce…
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Healey rules out expanding mansion tax to £1.5m homes
The Chancellor had been considering widening its council tax surcharge to cover homes valued at £1.5m or more, as the Treasury seeks extra revenue to fund cost of living support. Former chancellor Rachel Reeves announced…
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Britain’s biggest bingo chain explores sale despite tax raid threat
Asset manager ICG has appointed bankers to advise on discussions with potential buyers for Buzz Bingo, it is understood. The Nottingham-based chain is looking for a new owner which could provide fresh investment to…
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US’s Reagan-era economic promises return as Trump’s AI-fueled growth fantasy
The promise never really panned out. From the Gipper's day on, the Republicans' tax cuts inevitably increased the budget deficit. Despite its failure, though, the promise is back, coated in a fine new layer of artificial…
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‘Some aren’t going to make it’: how pressure on farmers threatens UK food security
Sitting in his tractor at his arable farm in Norfolk, Burrows is listing the multiple challenges facing him and other food producers. Crop growers such as Burrows are ploughing and cultivating their fields, preparing the…
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Britain ‘becoming incubator nation’ of firms that flee London
The Chancellor has been told to take immediate action to revive the London stock market, as City leaders warned that the exodus of British start-ups is “not business as usual”. The Capital Markets Industry Taskforce…
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Labour has got the message – developing nations suffer most from bond market turmoil | Heather Stewart
But the brunt of the pain is being borne by heavily indebted developing countries that have little hope of influencing the whims of global investors, but pay the price regardless. Markets have responded to the war in the…
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Economy set to shrink ahead of Budget in ‘difficult’ outlook
The latest gross domestic product (GDP) data, which will be released on Thursday, is expected to show a contraction of 0.1 per cent in August, according to City economists polled by Bloomberg . The UK’s crucial services…
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Retail bosses ramp up pressure on Healey to cut ‘ridiculous’ tax burden
The strongly-worded intervention, coming less than three weeks before the Budget, will put further pressure on Andy Burnham to deliver on his pledge to rejuvenate Britain’s high streets and town centres. While the Prime…
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