Entrepreneurs are urging the Treasury to introduce a capital gains tax deferral for founders who reinvest exit proceeds into new UK ventures within 12 months, as lobbying intensifies around repeat entrepreneur relief. Read more: Founders push for ‘repeat entrepreneur relief’ to keep exit capital flowing back into UK start-ups
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British business confidence has plunged to its lowest since the first Covid lockdown as the Iran war drives up energy costs and forces firms to shelve hiring and investment plans. Read more: UK business confidence crashes to Covid-era lows as Iran conflict forces firms into survival mode
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The OECD has called on Chancellor Rachel Reeves to launch an in-depth review of Britain’s “inefficient” tax system, warning distortions and loopholes are throttling investment and growth. Read more: OECD urges reeves to overhaul ‘inefficient’ UK tax system
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Google has launched an AI-powered restaurant booking tool in the UK, pulling real-time availability directly into search and threatening platforms like OpenTable. Read more: Google takes on Opentable with AI that books your dinner in seconds
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UK retail footfall rose 2.4% in March as Easter drew shoppers back, but the BRC warns April tax rises, wage hikes and fuel costs threaten high street recovery. Read more: Easter lifts footfall but retailers brace for April cost squeeze
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OpenAI has paused its Stargate UK data centre investment, citing sky-high British energy prices and copyright uncertainty, in a blow to Labour’s AI superpower ambitions. Read more: OpenAI pulls plug on Stargate UK, leaving Starmer’s AI superpower pitch in tatters
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Brent crude jumps 4% towards $100 a barrel after Iran closes the Strait of Hormuz in response to Israeli strikes, threatening 20% of global oil and gas supplies. Read more: Oil price surges towards $100 as Middle East ceasefire begins to unravel
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Vinted revenues rose 38 per cent to €1.1bn as cash-strapped consumers turn to second-hand fashion, with the UK now its second-largest market boasting 16 million users. Read more: Vinted breaks the billion-euro barrier as thrifty shoppers embrace second-hand fashion
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Britain set new solar generation records on consecutive days this week, hitting 14.4GW, as the government approved the Springwell solar farm in Lincolnshire — the UK’s largest. Read more: Britain smashes solar records as ministers greenlight country’s largest solar farm
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John Lewis Partnership chairman Jason Tarry received a 21% pay rise to £1.2m while the retailer shed 3,300 jobs across its department stores and Waitrose supermarkets. Read more: John Lewis chairman’s pay climbs 21% to £1.2m as 3,300 roles disappear across the partnership
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