-
HMRC lacks data on billionaire taxpayers, MPs criticise. The Public Accounts Committee urges HMRC to enhance billionaire tax tracking, citing a need for better strategies and transparency in ensuring the ultra-wealthy contribute their fair share to public finances.
-
Wagestream has acquired pensions technology provider Zippen in a move. The deal underlines the growing demand for workplace financial benefits, as Wagestream strengthens its position in employee financial wellbeing with new specialist expertise in the UK pensions market.
-
UK inflation rose to 3.6 % in June. Headline inflation surprised at 3.6 % in June, the highest since January, as fuel and food prices edged higher and economists’ forecasts were left behind. Core CPI and goods inflation also picked up, complicating the outlook for Bank of England rate cuts.
-
UK launches a Transition Finance Pilot to boost green finance. The initiative aims to remove regulatory barriers hindering companies from reducing carbon emissions, potentially attracting up to £200 billion in investment and reinforcing the UK’s leadership in green finance.
-
One in six UK workers struggles to pay monthly bills. A study by the Work Foundation reveals ongoing financial challenges despite cooling inflation and rising wages, with nearly half of workers having minimal disposable income and many turning to second jobs.
-
US-backed buyers led five major UK M&A deals this week. Boardroom shifts, valuation gaps, and sector-specific drivers shaped property, industrials, and tech transactions, with most deal value remaining in the mid-market.
-
London leads EMEA and ranks second globally for tech talent. The new Colliers report reveals five critical shifts reshaping international tech markets and talent flows.
-
Britain’s economy shrank 0.1 percent in May, marking two monthly declines. The latest official data showed manufacturing and construction weighed on growth despite a mild services uptick, pushing GDP further below expectations and raising questions over the UK’s near-term economic outlook.
-
Sumitomo Corporation invests in CO₂ pipeline for UK decarbonisation. The £59.6 million pipeline will aid decarbonisation of cement and lime plants, contributing to the UK’s goal of capturing 50 million tonnes of CO₂ annually by 2035, and securing 13,000 jobs.
-
Veolia invests £70M in UK’s first PET tray recycling plant. The facility will process 80,000 tonnes of plastic annually, reducing carbon emissions by up to 70%. It will create over 130 permanent jobs, supporting regional development and sustainability.