Productivity crisis deepens as public sector continues to stutter November 3, 2025 Public sector productivity has dropped at its fastest rate in nearly three years, according to fresh official figures that lay bare the government’s multi-year struggle to revive the efficiency of the country’s creaking public services. Data from the Office for National Statistics (ONS) showed total productivity at state-owned bodies fell by 0.7 per cent year [...]
Experian to include rent payments in credit scores November 3, 2025 FTSE 100 giant Experian has announced plans to include rental payments in a major revamp of the formation of credit scores. The agency said it was overhauling its scoring system to better reflect “more of the everyday financial behaviours that matter” which included things “like paying rent or reducing overdraft use”. It follows a warning [...]
Businesses face new ‘right to work’ compliance burden as gig economy checks loom November 3, 2025 The UK government is moving to extend mandatory ‘right to work’ checks to cover individuals hired under a ‘worker’s contract’, in a move to address gaps in the law in the gig economy. The Home Office launched a consultation last week as it seeks to clamp down on illegal working. As a result, for the [...]
Pizza Hut: Restaurants arm owed £30m as 1,100 jobs lost November 3, 2025 The company behind Pizza Hut’s restaurants in the UK owed almost £30m as it collapsed with the loss of more than 1,100 jobs, it has been revealed. DC London Pie entered administration towards the end of last month with FTI Consulting appointed to oversee the process. Now, a new document has revealed the full story [...]
Reeves’ Budget tax hikes force nearly 5,000 pubs to the brink November 3, 2025 The tax hikes announced by Chancellor Rachel Reeves in last year’s Budget have contributed to almost 5,000 pubs now being rated at maximum risk and becoming technically insolvent, according to new research. Figures from Price Bailey have revealed that just over 4,7000 pubs are now in that position, a 14 per cent rise on this [...]
Kolisi, Villa and Diggins to advise CVC’s £10bn Global Sport Group November 3, 2025 Siya Kolisi, David Villa and Skylar Diggins are to advise CVC Capital Partners’ new £10bn consolidated portfolio, Global Sport Group, which owns stakes in several major leagues. Rugby World Cup-winning South Africa captain Kolisi, former Spain striker Villa and US women’s basketball star Diggins will form an athlete advisory group as part of a partnership [...]
Private credit: Ponzi scheme or panacea? November 3, 2025 Over the past decade, the private credit industry has ballooned from arcane financial solution to a core pillar of asset management. But recent tremors in corporate debt markets have led several economic institutions to warn of its risks to the global economy. Ali Lyon asks: how worried should we be? What kept you awake at [...]
Gareth Southgate sticks to business and leadership and shuns football return November 3, 2025 Sir Gareth Southgate insists he is happy to keep a return to football management on ice and focus on delivering lessons in leadership to business and wider society. Southgate walked away from the England job after eight years in 2024, having taken the team to two major finals in a spell noted for repairing the [...]
Autumn Budget could ‘exacerbate’ manufacturing challenges November 3, 2025 Fears that the UK manufacturing industry’s recovery could be “short-lived” have jumped as firms brace for a painful Autumn Budget. The latest S&P Global’s manufacturing Purchasing Managers’ Index (PMI) edged up to 49.7 in October, marking a 12-month high for the sector. But this remained stubbornly below the all-important 50.0 threshold, which indicates whether a [...]
The Entertainer makes huge loss as Reeves’ Budget forces job cuts November 3, 2025 The Entertainer made a raft of redundancies as a result of Chancellor Rachel Reeves’ first Autumn Budget as it fell into the red during its latest financial year, it has been revealed. Teal Group Holdings, which also includes Early Learning Centre and Addo Play, cut 41 jobs and withdraw 15 other roles which were being [...]
