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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British companies are spending less on AI and seeing weaker returns than global leaders, with PwC warning the next 12 months are critical for UK firms to close the gap. Read more: UK firms risk being left behind as AI adoption gap widens, warns PwC
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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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