Pressure mounts on the UK government to release £2.5bn from Chelsea’s sale as ministers prepare legal action against Roman Abramovich over Ukraine war funds. Read more: Government urged to act as £2.5bn Chelsea sale funds remain frozen
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Electric vessel maker Candela secures €30m funding to scale hydrofoil ferry production as rising oil prices accelerate demand for zero-emission maritime transport. Read more: Candela raises €30m as electric ferries gain momentum amid fuel price surge
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MPs warn Treasury plans to reform the Financial Ombudsman Service could threaten its independence, raising concerns over government-appointed leadership and regulatory changes. Read more: MPs warn Treasury reforms risk undermining Financial Ombudsman independence
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Trustpilot reports £14m profit as AI-driven traffic boosts growth, with shares jumping 28% amid strong revenue and upgraded forecasts. Read more: Trustpilot profits soar as AI-driven traffic fuels sharp share price rally
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A tribunal ruling could see public EV charging VAT reduced to 5%, potentially lowering costs for drivers and aligning rates with home charging. Read more: Tribunal ruling could cut public EV charging VAT to 5%, raising prospect of cheaper charging
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Bentley will cut 275 jobs as profits fall 42% to £187m, with the luxury carmaker citing weak demand, China slowdown and rising costs. Read more: Bentley to cut 275 jobs as profits slump amid global headwinds
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UK individual insolvencies have surged 18% year-on-year, with experts warning households are at breaking point as high interest rates, inflation and debt pressures intensify. Read more: Individual insolvencies surge 18% as experts warn households are at ‘breaking point’
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Chancellor Rachel Reeves has unveiled a £2bn AI investment plan to make the UK the fastest adopter in the G7, boosting growth, infrastructure and innovation. Read more: Rachel Reeves unveils £2bn AI push to make UK fastest adopter in G7
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Experts warn HMRC’s interest system is unfair, with taxpayers charged 7.75% on late payments but receiving just 2.75% on refunds, raising concerns over trust and transparency. Read more: HMRC interest ‘double standards’ branded unfair as taxpayers face higher charges than rebates
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Financial experts urge Rachel Reeves to rethink plans to cap National Insurance relief on pensions at £2,000, warning it could damage retirement savings and employer schemes. Read more: Experts warn pension tax cap risks undermining retirement savings as pressure mounts on Chancellor to rethink
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