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UK economy

  • UK retains investment appeal but CEO confidence falters

    January 19, 2026

    The UK has strengthened its position as a global investment hub over the last twelve months, as it works to offset competition from other countries. Britain remained the second-most attractive destination for international investment for chief executives last year, according to the latest survey from PwC, but now shares the position with Germany and India. [...]

  • Firms warned to make ‘contingency plans’ amid £6bn tariff hit 

    January 19, 2026

    Businesses across the UK have been warned to draw up “contingency plans” in case President Trump follows through on imposing 10 per cent tariffs on imports from major European economies next month.  British Chambers of Commerce (BCC) director general Shevaun Haviland warned businesses to prepare for the worst as the impact of US tariffs on [...]

  • High earners could be missing out on thousands in pension tax relief 

    January 19, 2026

    High earners could be at risk of losing a quarter of a million pounds in pension tax relief through failing to reclaim by the self-assessment tax return deadline. Brit ensnared in the £100,000 tax trap could see thousands of pounds slipping out of their grasp, as well as valuable free childcare support, according to wealth [...]

  • Inflation expected to inch back up due to travel rush 

    January 19, 2026

    Inflation is expected to edge back up as higher airfares and tobacco prices are squeezing British families’ budgets and adding to pressures on the cost of living.  A Bloomberg poll of economists has predicted consumer price index (CPI) inflation to hit 3.3 per cent rate for the year to December, which would be higher than [...]

  • Gatwick’s £2.2bn second runway to be challenged in court

    January 19, 2026

    Gatwick Airport’s £2.2bn second runway will be the focus of a legal challenge at the High Court on Tuesday, as an environmental group opposes the government’s decision to grant the approval. In September, Gatwick Airport’s second runway, the Northern Runway, received development consent from the transport secretary, Heidi Alexander. Gatwick has had a northern runway [...]

  • Farage to ‘have some words’ with Trump over ‘hurtful’ UK trade threats

    January 19, 2026

    Nigel Farage has attacked President Trump for his tariff threats against the UK, adding that he would be “having some words” with US administration officials during meetings in Davos on Wednesday.  In a statement the Reform UK leader said threats against the UK were “not the kind of thing we would expect”.  It is the [...]

  • Stuart Rose steps down as EG Group chair ahead of US IPO

    January 19, 2026

    Stuart Rose has stepped down as chair of EG Group ahead of the forecourt firm’s flotation in New York later this year. The retail industry veteran and Conservative peer has been replaced with immediate effect by Roland Smith, the current chairman of American fast-food chain Jack’s, in the clearest sign yet the company is seeking [...]

  • US tariffs war could ‘trigger UK recession’ 

    January 19, 2026

    President Trump’s latest tariff package could plunge the UK economy into a recession, top economists have warned, upping the stakes for Keir Starmer as he responds to threats against Greenland.  The US president warned leading European nations, including the UK, he would slap additional 10 per cent tariffs on goods imports if a deal for [...]

  • Starmer calls for ‘calm’ as US tariff war flares up 

    January 19, 2026

    Sir Keir Starmer urged US and EU allies to engage in “calm discussion” in order to stave off a tariff war while re-iterating the UK’s commitment to upholding Greenland’s sovereignty.  President Trump stunned allies by threatening to impose additional 10 per cent tariffs on UK imports from next month due to opposition to his plans [...]

  • Rachel Reeves is acting like the mayor in Jaws – and small businesses are suffering

    January 19, 2026

    The FTSE may be at an all-time high, but Reeves should not pretend all is calm when the waters are extremely choppy for small businesses, says Andrew Griffith Embattled ministers love good news to boast about on social media or in a TV studio, and this government’s most embattled minister, Rachel Reeves, is no exception. [...]

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