Astrazeneca pauses £200m Cambridge investment September 13, 2025 British drug giant Astrazeneca has paused a planned £200 million expansion of its research site in Cambridge in a fresh blow to the UK pharmaceutical industry. It comes after the pharmaceutical firm abandoned plans to invest £450 million in a vaccine plant in Merseyside earlier this year in a blow to the Government as it [...]
Bank of England predicted to not cut interest rate until 2026 September 12, 2025 Interest rate cuts are unlikely to take place this year, according to some of the most dovish forecasters, with City analysts split on where they will settle given the UK’s battle against high inflation and low growth. The Bank of England is set to hold its next monetary policy committee (MPC) meeting next week, a [...]
Boardroom Uncovered: How Rachel Reeves’ Autumn Budget tax hikes are hurting businesses September 12, 2025 On this episode of Boardroom Uncovered, the chief executive of Butlin's has revealed where in the UK the holiday resort chain could open a new site in the future.
Barclays boss: UK banks are taxed too much September 12, 2025 Ahead of the Autumn Budget, Barclays’ chief executive has called on the government to curb pay rises for public sector workers and to avoid increasing taxes on banks. Speaking to the Financial Times, CS Venkatakrishnan said “we need to find a way to curb wage inflation,” and emphasised the need to curb expenditure at the [...]
UK economy sees zero growth amid Labour’s summer troubles September 12, 2025 The UK economy failed to grow in July, according to official data, with the Labour government struggling to drive growth despite its core commitment to do so. The Labour government has doubled down on its “growth mission” by making a string of new economics-focused appointments across ministerial and advisory roles, and establishing a business-friendly board [...]
Spotlight turns to FTSE 100 clients of Peter Mandelson’s advisory firm after government sacking September 12, 2025 After Peter Mandelson’s dramatic ousting from government over his close relationship with paedophile Jeffrey Epstein, the firms that chose to partner with his consultancy Global Counsel have come under the spotlight. More than two dozen major corporations hired Global Counsel to conduct lobbying services over the past two years, disclosures from the Office of the [...]
FTSE 100 Live: UK GDP flatlines, Big Technologies shares tumble after legal twist September 12, 2025 Good morning from the City PM liveblog team. UK GDP flatlined in July, latest figures from the ONS show, in another setback for the Chancellor in delivering on her pledge to grow the economy. The FTSE 100 is fighting through the noise as it opened above 9,300 this morning, rising by 1.2 per cent in [...]
Labour using ‘sticking plasters’ and failing to attract foreign investment September 11, 2025 The Labour government is opting to use quick “sticking plasters” which fail to affect long-term change to attract foreign direct investment (FDI), according to a new report. The report from Caudwell Strong Britain, a research project of think tank Council on Geostrategy, argues that the government needs to remove the structural barriers that hinder foreign [...]
Taxpayers give over billions for new vehicles under Motability scheme September 11, 2025 The budget for new vehicles under the Motability scheme for disabled people is higher than expenditure on school repairs across the UK, fresh analysis has indicated, in further evidence of the breakdown of the social contract. Number-crunching by the free market think tank Adam Smith Institute has shown that the scheme, which allows disabled people [...]
Two in five financial services firms lack safe AI controls September 11, 2025 As the financial services industry piles billions of pounds into artificial intelligence (AI), firms are lacking adequate measures to maintain safe usage, according to new figures. Fresh data from Big Four accountancy giant EY reveal 26 per cent of companies have no or limited controls in place to ensure AI systems adhere to laws and [...]
