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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UK mid-sized firms could generate £105bn in additional revenue by 2030 through AI adoption, according to research by Cebr as HSBC launches a £5bn AI productivity finance initiative. Read more: AI adoption could unlock £105bn revenue boost for UK mid-sized firms by 2030
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Virgin StartUp has announced £20m in Start Up Loans funding for 2026/27 after surpassing £100m in total loans delivered, supporting more than 6,500 UK entrepreneurs. Read more: Virgin StartUp unveils £20m funding pot for UK founders after passing £100m Start Up Loans milestone
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Britain’s largest car park operator NCP has filed notice of intention to appoint administrators, putting more than 1,000 jobs at risk across its 800 UK parking sites. Read more: NCP faces administration as Britain’s largest car park operator files court notice
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London biotech startup Ternary Therapeutics has raised £3.6m to scale its AI-powered platform designed to engineer molecular glue medicines targeting previously undruggable proteins. Read more: UK biotech Ternary raises £3.6m to scale AI platform for next-generation drugs
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