Rachel Reeves’ fintech strategy faces criticism from industry founders. Over a third of fintech founders criticised the UK Treasury’s approach, with some considering relocating overseas. Concerns grow over potential tax measures in the upcoming Budget.
UK business leaders meet at Downing Street amid budget concerns. Executives from major firms joined Sir Keir Starmer to discuss impending fiscal challenges. The session aimed to ease tensions before a budget expected to introduce significant tax increases.
Generation Alpha predicts a tech-driven, flexible working world. A new study by International Workplace Group (IWG) reveals that 87% of 11–17-year-olds expect their future jobs to look nothing like their parents’ careers, with hybrid work, short commutes, and AI collaboration at the core of work by 2040.
A fifth of London’s offices will be co-working sites by 2030. Flexible office spaces currently account for 12% of the market, but new data suggests this could nearly double within five years, driven by increasing demand and landlord adaptation.
Oxford Instruments shares rise despite profit drop. The company’s stock increased by 9.93% following a challenging first half, with revenue falling 7.9% due to US tariffs. However, cash flow improved, and order momentum from large customers provides optimism for recovery.
The UK’s unemployment rate has reached 5 per cent — its highest level in four years. Labour-market data from the Office for National Statistics suggest hiring has slowed sharply, raising pressure on the government’s forthcoming Autumn Budget and signalling a broader shift from worker shortages to labour-market slack.
Gen Z drives UK’s entrepreneurial surge but faces support challenges. Over 80% of 18 to 24-year-olds engage in entrepreneurial activities. However, financial pressures and limited access to professional networks threaten their potential as future business leaders.
One in six UK employers foresee AI-driven workforce reductions. A CIPD survey reveals that clerical and junior roles face the highest risk as AI adoption accelerates. Large private firms are most likely to cut jobs, highlighting AI’s disruptive potential.
UK business leaders urge against raising employment costs in Budget. A survey reveals 86% of leaders fear Budget impacts, with 59% feeling small businesses are overlooked. Increased taxes could force price hikes, hindering growth and inflation control.
Manchester tops the UK’s list of young entrepreneur hubs. New analysis of over 60,000 Companies House records reveals the city has the highest concentration of founders aged 24 and under, reflecting a new wave of youth-led enterprise beyond the capital.