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Deloitte UK’s profit rises despite revenue decline in 2025. Deloitte UK’s revenue fell to £5.68bn, but profit increased by 4% to £789m. The firm highlighted investments in technology and employee development amid economic challenges.
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Retail group warns Treasury against further tax hikes. The British Retail Consortium cautions that additional tax increases on businesses could prolong high shop prices, as September’s food inflation remains elevated. Retailers continue to face significant cost pressures.
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Rachel Reeves warns of difficult choices in upcoming Budget. Facing a £30bn shortfall, Chancellor Reeves may reconsider Labour’s tax commitments. She emphasises spreading economic growth and adapting fiscal rules amidst global challenges and domestic criticism.
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Britain’s labour market faces strain as job openings decline. Recruitment site Adzuna reports a 2.1% drop in vacancies year-on-year in August, with demand softening and employment costs rising. Graduates face a tough outlook, with entry-level roles significantly reduced.
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Over a quarter of women face workplace harassment in the UK. WalkSafe’s data highlights persistent harassment issues, with 27% of women and 16% of men affected. Many employees believe companies should enhance safety measures, valuing anonymous reporting systems.
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This week’s UK M&A activity touched mortgage servicing, logistics, leisure assets, mining technology, and family entertainment. From rail freight to marina networks, the deals reflect international capital targeting UK companies and assets while British acquirers expand overseas.
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Starbucks announces £750 million restructuring, closing cafés and cutting jobs. The coffee chain will shut underperforming stores in North America and the UK, affecting staff and customers. Despite closures, Starbucks plans 80 new UK openings this year amid strong competition and financial challenges.
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The Labour government plans to introduce mandatory digital ID cards. The proposal would require all UK workers to hold a digital ID, verified by employers at the point of hire. Ministers argue it will curb illegal work, while SMEs face both opportunities and challenges in compliance and implementation.
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UK fintech leader urges LSE and Nasdaq merger to boost market. Cleo’s founder highlights the need for political will to improve capital prospects, proposing a UK-US stock exchange merger as a solution to the UK’s finite capital challenges.
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UK signs contracts for two carbon capture projects. The government has committed to two carbon capture and storage (CCS) projects, expected to capture 1.2 million metric tons of CO2 annually and create 500 skilled jobs, as part of a £9.4 billion funding pledge.
