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The UK’s official statistics body has begun an assessment of the cost of running British Steel.
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Meta has launched its first standalone AI app in a direct challenge to OpenAI’s ChatGPT.
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Vinted, the online resale platform founded in Lithuania, has introduced its own venture capital division in a strategic move that could redefine the UK’s rapidly growing re-commerce sector. Named Vinted Ventures, the new fund will focus on growth-stage startups throughout Europe, including the UK, with investment plans set between €500,000 (£425,000) and €10m (£8.5m). The…
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3CLogic has announced the release of its new Voice AI Hub.
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The global hardware-in-the-loop market is projected to expand over the next five years, growing from an estimated US$1.1 billion (£885 million) in 2025.
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The UK government proposes extending the sugar tax to milk-based drinks like milkshakes.
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Labour’s benefit cuts risk costing the UK economy over £38bn a year, says the Trussell Trust, as rising poverty places further pressure on public services and economic growth. Read more: Labour’s benefit cuts could cost UK economy billions, warns Trussell Trust
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UK supermarkets ramp up promotions, spending £347m on deals to stay competitive as grocery inflation rises to 3.8%, according to Kantar’s latest market report. Read more: UK supermarkets spend hundreds of millions on promotions as grocery price war intensifies
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Faced with evolving workforce demands, UK businesses are investing in reskilling and upskilling to remain competitive in 2025.
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UK wage growth remains high at 5.9%, clouding interest rate prospects as hiring slows and labour market signals diverge.