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The FTSE 100 stormed towards a record high on Tuesday morning after fresh economic data fuelled hopes of further interest rate cuts from the Bank of England. The UK’s flagship market inched up as high as 0.5 per cent in early trading hitting 8,875.73p putting it on track to surpass March’s record close of 8,871.31p. …
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Sir Keir Starmer is likely addressing the tech industry’s hopes with his major commitment at London Tech Week to instruct one million students in AI. Yet, new information reveals a pronounced existing regional disparity. London is rapidly surpassing other parts of the UK in generating AI job opportunities, investment, and education. This prompts concerns that,…
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The shadow home secretary has slammed the Labour government amid mounting speculation police budgets are on the chopping block in Chancellor Rachel Reeves’ spending review. Chris Philp told the BBC’s Sunday with Laura Kuenssberg he believes police funding should be protected from cuts following concerns of a shrinking workforce. “I think I’m very concerned that…
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Rachel Reeves may have to tear up Labour’s manifesto tax commitments to meet her tight fiscal rules, economists have warned, as the Chancellor battles to balance the books amid calls for higher spending on defence and welfare. A suite of new day-to-day spending commitments made by the Treasury in recent weeks, including reversing cuts to…
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With everyone in Westminster dancing to Nigel Farage’s tune, we have to ask: is the Reform UK leader the real prime minister?
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Former Aston Villa bigwig Chris Heck has joined LIV Golf as the Saudi Arabia-backed league’s new president of business operations. Heck left Villa this season after a two-year stint that saw the Premier League club reach the Champions League. It comes as the US Amateur champion Jose Luis Ballester snubbed a spot on the Korn…
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An influential group of MPs has demanded that Meta outline its track record responding to requests to remove damaging content from finfluencers, after the Financial Conduct Authority (FCA) named the Facebook and Instagram owner as the sector’s worst offender. Chair of the Treasury Committee Meg Hillier issued a letter to the social media giant earlier…
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Rosebank Industries, the investment vehicle led by Melrose founder Simon Peckham, has struck a £1.4bn deal for a North American electrical components business. The acquisition of Electrical Components International (ECI), the company’s first, will be financed through debt facilities and a £1.14bn capital raise at an issue price of £3 per share. Peckham, a veteran…
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Eighth interest rate cut in 12 months sees deposit rate fall to 2% as eurozone braces for U.S. duties.
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Labour is exploring a new national, universal digital ID card for every adult in the UK to tackle illegal migration. The ID is being tentatively branded as ‘Britcard’, and could be downloaded onto a smartphone in the shape of a “free verifier app”. Plans for the digital ID were laid out in detail by the…