The IMF has slashed Britain’s growth forecast by 0.5 points — the sharpest G7 downgrade — as Rachel Reeves arrives in Washington with inflation nearing 4%. Read more: Reeves flies into Washington as IMF brands Britain the G7’s biggest loser
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The AA has been fined £4.2m and ordered to repay £760,000 to more than 80,000 learner drivers after the CMA ruled its driving schools breached consumer law by hiding a mandatory booking fee. Read more: AA ordered to refund 80,000 learner drivers in landmark ‘drip pricing’ ruling
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Britain’s biggest housebuilder Barratt Redrow is cutting land purchases by up to £200m as the Iran conflict fuels mortgage rate fears, yet Q3 sales rose 6% and the order book swelled to £3.54bn. Read more: Barratt Redrow pulls back on land buying as Iran war rattles housing market
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UK travel spending has dropped for the first time since 2021 as households brace for higher energy bills and the fallout from the Iran conflict, Barclays data shows. Read more: Holidays abroad take a hit as cost of living fears and Iran conflict weigh on British consumers
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HSBC chiefs warn the Iran conflict is denting global confidence, as UK bosses from Castore to Virgin Atlantic flag soaring costs, supply chain chaos and inflation risks. Read more: HSBC warns Iran war is shaking global confidence as UK business leaders count the cost
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Morrisons is putting up to 200 Bradford head office roles at risk as the debt-laden supermarket turns to AI and automation to cut costs and streamline operations. Read more: Morrisons to axe up to 200 head office jobs as AI drive accelerates
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Rolls-Royce unveils the £3m all-electric Nightingale, a coach-built hypercar limited to 100 clients, as the Goodwood marque pivots from volume to bespoke luxury. Read more: Rolls-Royce targets collectors with £3m electric Nightingale as coach-building strategy accelerates
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The UK government has unveiled a £30m funding package for video game developers, doubling support for the sector through its Creative Industries Sector Plan and Industrial Strategy. Read more: Government doubles down on gaming with £30m funding package as sector eyes global growth
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Resolution Foundation warns typical working-age household faces 0.6% income decline as oil and gas price rises driven by Iran conflict wipe out energy cap savings. Read more: Rising energy costs from Middle East conflict set to leave UK households £480 worse off this year
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Virgin StartUp has opened applications for Momentum 2.0, its free accelerator programme for dyslexic entrepreneurs, running from May to July 2026 with backing from Virgin Unite and Made By Dyslexia. Read more: Virgin StartUp opens second round of free accelerator for dyslexic entrepreneurs
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