A Lloyds exec behind the bank’s push to attract “mass affluent” customers has departed within days of the launch of its new service. Jo Harris, who has been with the FTSE 100 bank for more than a decade, would be leaving at the end of the month, according to an internal memo seen by the…

The UK arm of Costco has said lower petrol prices have actually helped its profit jump to almost £200m after driving up memberships. The division of the US giant said a decrease in prices at the pumps during its latest financial year contributed to increasing the number of people signing up and renewing their membership…

Chancellor Rachel Reeves has unveiled a £15.6 billion package to fund trams, trains and bus networks outside London, as Labour seeks to reset the political narrative ahead of a difficult spending review. Read more: Rachel Reeves unveils £15bn regional transport investment to reshape economic narrative

Sliding employment levels in the UK service sector over the last eight months amount to the “longest streak” since the 2008 financial crash – barring the pandemic – according to S&P Global analysts.  UK firms are facing intense pressure to maintain profit margins after a labour costs surge following Chancellor Reeves‘ tax raid on employers’…

UK growth could be higher than expected due to trade deals agreed with the US and the European Union, a City consultancy has said.  Most forecasters downgraded the UK’s economic outlook for the year in the wake of President Trump’s ‘Liberation Day’, with the IMF and other major forecasters warning the UK was set to…