UK
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HMRC confirms AI use in monitoring taxpayers’ social media accounts. The tax authority employs AI tools for analysing online posts in criminal tax fraud cases, raising concerns among MPs about potential errors due to automated systems.
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New Princes plans a major London Stock Exchange listing. The Italian-owned food giant, known for brands like Princes Tuna, is seeking investor support for an IPO to separate its food division, aiming for a valuation of at least £700 million.
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Bank of England cuts rates, but inflation remains a threat. The narrow vote and latest projections signal a longer period of above-target inflation, with the Bank’s policymakers split and business leaders now facing a more uncertain path to normalisation.
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Wireless Logic completes its first US acquisition, targeting IoT growth. The purchase of Zipit Wireless marks a strategic expansion for Wireless Logic, adding advanced multi-tier billing capabilities and a direct North American footprint as enterprise IoT markets mature.
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Tesla’s UK sales fell nearly 60% in July 2025. Registrations dropped to 987 units as BYD quadrupled its UK total, highlighting shifting dynamics in the electric vehicle market.
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Pandora confirms cyber attack affecting customer data through a third-party. The jewellery retailer disclosed that names, birthdates, and email addresses were accessed, though no sensitive information like passwords or credit card details was compromised.
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Chancellor Reeves confronts a potential £41 billion shortfall in public finances. Labour faces mounting pressure to raise taxes or cut spending as growth stalls, inflation remains elevated, and fiscal rules bite.
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Nearly 3,800 directors left the UK after sweeping tax changes. A sharp rise in company director emigration has followed Labour’s abolition of the non-dom regime and new business wealth taxes, with Dubai now the leading destination for British and international business leaders.
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UK services sector orders have fallen at their sharpest pace since 2022. Businesses across hospitality, professional services, and retail report the steepest drop in new business for nearly three years, with rising payroll costs and inflation forcing companies to cut jobs and delay new investment plans despite strong corporate earnings.
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Spectris has accepted a £4.2 billion takeover by KKR. The agreement follows months of public bidding and multiple revised offers, marking the conclusion of a high-stakes battle between two major private equity groups and signalling renewed global interest in UK mid-cap industrials.
