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UK green energy tariffs decline sharply amid cost of living crisis. Green energy deals have dropped from 85% to 18% of the market due to rising costs, with consumers prioritising affordability over sustainability. Suppliers now focus on balancing green credentials with consumer expectations.
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New powers for the Small Business Commissioner aim to tackle late payments. The average UK SME is owed more than £20,000, according to FSB data. Chronic late payment is now a defining risk, amplifying the impact of high costs, inflation, and energy prices for small businesses.
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Metlen Energy & Metals makes its City debut in London today. The €6.7 billion group, previously Mytilineos, is now trading on the London Stock Exchange after a rare high‑value listing. The move delivers a morale boost for the City as new floats and capital raises remain at multi‑decade lows.
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A fifth rate cut looks likely despite persistent inflation signals. With the labour market cooling and GDP contracting, the Bank appears ready to resume easing. Our read: a divided MPC will vote for a 25bps cut, with caution in its tone but confidence in direction.
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The UK’s M&A market saw five major deals this week. Strategic buyers, from Wall Street banks to dairy giants, drove activity across financial services, consumer, and biotech sectors. Global capital, succession, and sector shifts shaped the dealmaking landscape.
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UK small and medium-sized businesses now invest over £1 trillion annually in technology. New data highlights rapid digital adoption, with 99% of firms now reliant on digital tools and platforms.
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Britain’s steelmakers regain EU tariff-free access for Category 17. From 1 August, UK producers can export up to 27,000 tonnes of structural steel to Europe each quarter, restoring trade volumes and offering vital certainty for the sector after years of Brexit-linked restrictions.
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US tariffs are reshaping the UK’s trading relationship with America. British businesses face a 10% baseline tariff on most exports, with new sector-specific quotas and compliance hurdles fundamentally altering access to the world’s largest market.
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The British pound is experiencing its sharpest monthly fall. Sterling has fallen 3.6% against the US dollar in July, pressured by UK economic challenges and changing global sentiment, marking its worst monthly performance since September 2023. Analysts expect continued pressure due to fiscal concerns.
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Unilever’s sales rose 3.4% amid challenging profit figures. The FTSE 100 firm reported a 3.2% drop in turnover to €30.1bn, citing disposal costs and currency impacts. Ice cream led growth ahead of its spinout, while cash flow and earnings fell.