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Treasury chief secretary Darren Jones refused to rule out further tax hikes in the autumn budget on Sunday. Asked on GB News whether he would rule out tax rises later this year, Jones said “that will be subject to the OBR forecasts… it’s right that we take these types of decision in an orderly way.”…
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Metro Bank has received a takeover approach from Pollen Street Capital, sparking fresh concerns over the number of companies leaving the London Stock Exchange amid rising private equity interest. Read more: Metro Bank takeover approach adds to fears of London Stock Market exodus
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Business leaders and entrepreneurs in the fields of technology, recruitment, and banking have been acknowledged for their valuable contributions to UK business in the King’s birthday honours list. Clare Barclay, the leader of Microsoft UK, along with Emma Bridgewater, the acclaimed founder of a distinguished ceramics enterprise, were honoured with damehoods for their contributions to…
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If London is serious about shaping the next era of tech, we must treat semiconductors as vital national infrastructure, writes Russ Shaw.
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A senior official admits errors in PPE Medpro contract approval, as day two of the £122m High Court case reveals confusion and contradictions inside the government’s Covid procurement process. Read more: PPE Medpro legal battle intensifies as civil servant admits approval ‘mistake’ over sterile gowns
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The High Court has upheld Labour’s decision to apply 20% VAT to private school fees.
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The rising popularity of padel and pickleball has helped health club chain David Lloyd make a profit for the first time since being acquired by private equity giant TDR Capital. The Hertfordshire-headquartered chain has reported a pre-tax profit of £32.2m for 2024, new accounts filed with Companies House have revealed. The results come after the…
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French energy giant EDF has acquired EV charger company Pod Point for just £10 million, down from its £352 million IPO valuation in 2021, after a sharp drop in revenue and continued losses. Read more: EDF buys EV charger firm pod point for just £10m – four years after £352m london float
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The Ministry of Defence and Department for Health and Social Care are slated to see billions cut in Whitehall budgets in what a DOGE-style body within the Treasury described as “efficiency gains” – despite both departments set to see a real terms increase in spending between 2026 and 2029. A new government document has revealed…
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PPE Medpro defends itself in a £122m High Court case, arguing that the UK government approved its gowns during Covid-19 and is now wrongly scapegoating the firm for its own procurement failures. Read more: PPE Medpro hits back in £122m DHSC court case, blaming government ‘chaos’ during Covid procurement