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Business

  • One in ten UK homes cut asking price in July

    August 28, 2025

    One in ten UK homes registered a cut to the asking price in July, well above the five-year average, as sellers continue to adjust to a buyers market. Average house prices rose by just 1.3 per cent in the year to July, below the 2.1 price growth recorded at the start of 2025, according to Zoopla’s [...]

  • Mental health overdiagnosis ‘costs £16bn a year’

    August 28, 2025

    The overdiagnosis of mental health illness in young people costs the UK around £16bn a year, a new report has suggested, with former Chancellor Jeremy Hunt claiming policies he introduced around Special Education Needs and Disabilities (SEND) required “stretching questions”.  Research by the right-leaning think tank Policy Exchange has found that the overdiagnosis of mental [...]

  • Hard-up Irish FA savaged after announcing plans to slash workforce

    August 27, 2025

    The debt-ridden Football Association of Ireland has been accused of showing its staff “utter contempt” after it announced it would be making compulsory redundancies. The FAI, which has around 230 employees, said jobs would have to go as part of “a significant transformation programme to modernise how football is developed and delivered in Ireland”. It [...]

  • Mass hallucinations: How I caught a rogue AI reporter

    August 27, 2025

    The ‘customer’ in the fried chicken shop didn’t touch his meal. Instead, he photographed the kitchen door’s keypad and left. ‘Corporate spy,’ muttered the cashier before showing me three identical incidents caught on his security cameras.  This is the opening line of a pitch I received from a writer called Joseph Wales, entitled “London’s Fried [...]

  • M&S takes on Vinted and Depop with eBay tie-up

    August 27, 2025

    Marks & Spencer has announced it will launch a new resale platform on eBay as it looks to evolve with the changing face of high street shopping. Customers will be able to trade in their clothing, footwear and accessories through M&S’s first online takeback scheme, while pre-loved items will be available to buy on the [...]

  • Inaccurate AI submissions strain overloaded Employment Tribunal

    August 27, 2025

    A growing number of people are using AI platforms such as ChatGPT to draft grievances when bringing claims against their employers at the Employment Tribunal. Travers Smith employment partner Ailie Murray told City PM that the team is increasingly seeing employees use AI to draft grievances, employment claims, and submissions against their employers. “While this [...]

  • Retailers’ woes stretch into second day after bearish Deutsche note

    August 27, 2025

    A sell-off affecting some of the UK’s largest retailers has extended into a second day, after an analyst warned the spectre of higher taxes in the Autumn Budget, a softening labour market and sticky inflation will dent consumers’ spending habits. Shares in AB Foods, Wickes and B&Q-owner Kingfisher all shed between one and 1.5 per [...]

  • EU Commissioner: Overseas football matches a betrayal of fans

    August 27, 2025

    A top EU figure has described plans to play European football matches in other continents as a “betrayal” of fans. The European Commissioner for Sport Glenn Micallef said plans to play Serie A and LaLiga matches abroad should not be described as “innovation”. Both the Italian and Spanish top flight leagues are looking to play [...]

  • Premier League fans prepare to rack up air miles in Champions League

    August 27, 2025

    Arsenal, Chelsea and Tottenham Hotspur fans could be racking up the air miles this season in the Champions League after far-flung Kairat Almaty and Bodo/Glimt booked their spots in the league phase. The same applies to supporters of Liverpool, Manchester City and Newcastle United as the Premier League will have an unprecedented six clubs in [...]

  • England’s fertility rate drops to record low

    August 27, 2025

    The fertility rate across England and Wales has fallen to a record low, according to official figures, which is likely to fuel clashes between policymakers and economists over immigration controls.  The Office for National Statistics (ONS) has revealed that the total fertility rate, which is measured by the number of children women would expect to [...]

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