Markets
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Treasury considers extending sugar tax to include milkshakes
The UK government proposes extending the sugar tax to milk-based drinks like milkshakes.
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Labour’s benefit cuts could cost UK economy billions, warns Trussell Trust
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 spend hundreds of millions on promotions as grocery price war heats up
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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Eni and UK government move forward with Liverpool Bay carbon storage network
Italian energy company Eni and the UK Government have reached financial close on the Liverpool Bay Carbon Capture and Storage (CCS) project, paving the way for full-scale construction to begin in 2025. The project, which lies at the heart of the HyNet industrial decarbonisation cluster in North West England and North Wales, is a key…
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UK launches integrity principles to strengthen carbon and nature credit markets
The UK government has unveiled a set of six proposed “integrity principles” aimed at strengthening the credibility and effectiveness of carbon and nature credit markets. The initiative, now open for public consultation until 10 July 2025, is part of a broader strategy to position the UK as a global leader in green finance and to…
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UK employers prioritise reskilling to tackle talent gaps
Faced with evolving workforce demands, UK businesses are investing in reskilling and upskilling to remain competitive in 2025.
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UK inflation dips to 2.6% but April price pressures loom
UK inflation eased to 2.6% in March, offering brief relief before anticipated rises in household bills and energy costs.
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Fast-charging battery firm Nyobolt raises $30 million for expansion
Cambridge-based battery innovator Nyobolt has raised $30 million, with aims to expand into sectors like autonomous warehouse robots, heavy-duty vehicles, and mainstream electric vehicles.
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Stubborn wage growth complicates Bank of England’s next move
UK wage growth remains high at 5.9%, clouding interest rate prospects as hiring slows and labour market signals diverge.
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EY fined over second audit failure in a week
Regulator issues fresh penalty for audit breaches as scrutiny intensifies over Big Four compliance and governance.