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UK commits £12 million to enhance disaster risk finance. The funding aims to expedite responses to climate shocks in vulnerable countries, reducing recovery costs. This move is part of the UK’s strategy to become a leader in sustainable finance.
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The Bank of England has adjusted its mortgage lending rules. From July 2025, individual UK lenders may exceed the 15% cap on high loan-to-income mortgages, provided the overall market remains below this level. The temporary relaxation takes effect immediately via an interim waiver.
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Christian Horner dismissed as Red Bull Racing team principal. Laurent Mekies takes over amid speculation surrounding Horner’s departure, following an internal scandal earlier this year. Red Bull’s recent performance issues may have influenced the decision.
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The UK Government pledges £92 billion for transport upgrades. The investment aims to boost economic growth, create 42,000 jobs, and improve journey times. It includes major road and rail projects across England and Wales, enhancing connectivity and supporting regional development.
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UK businesses face weakest hiring sentiment in 13 years. Rising taxes, policy uncertainty, and cost pressures are dampening employer confidence, with the latest BDO survey indicating a cautious approach to recruitment despite modest growth in consumer services.
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The Aldbrough Hydrogen Pathfinder secures UK planning consent milestone. ERM has facilitated planning consent for the UK’s inaugural hydrogen-to-power project, advancing the country’s clean energy goals and establishing a foundation for a comprehensive low-carbon hydrogen network.
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Business travel in Britain is more diverse than ever. New research shows skilled tradespeople, not just executives, are the main work travellers. The Business Travel Association calls for urgent rail investment as most still drive due to poor connectivity and reliability.
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UK hospitality sector loses 69,000 jobs due to tax hikes. The Office for National Statistics reports the sharpest peacetime job cuts outside the pandemic, prompting concerns over government tax policies threatening the industry. A letter to the prime minister highlights these challenges.
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Tesla’s UK sales see modest rebound in June. The electric vehicle market in the UK recorded robust growth, though Tesla’s performance for the year remains slightly down, with a 1.3% decline in registrations from January to June 2025.
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Foreign buyers drove this week’s top M&A deals in Britain. UK assets continued to attract overseas and private-equity capital, with five major transactions totalling more than £18 billion announced or completed across financial services, industry, and property sectors.
