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UK economy

  • Reeves’ summer of fun won’t deliver growth

    May 29, 2026

    Instead of attempting to stimulate demand, Reeves should focus on helping hospitality from the supply-side, writes Matthew Bowles.

  • I’m a social landlord, but London housing needs the private sector

    May 29, 2026

    Any mention of the private sector is met with rejection, or even disgust, in some quarters of the social housing sector, but we both need each other, writes Andy Hulme.

  • Moving abroad won’t save you from the British tax man

    May 29, 2026

    Brits have become ensnared in tax traps following an upheaval of the system by Chancellor Rachel Reeves in the past two Autumn Budgets. UK households have been slammed by a number of shake-ups, including an extended freeze of the income tax thresholds, a hike to dividend tax and a new ‘mansion tax’ on properties valued [...]

  • Property rich, pension poor: Meet the ‘sleepwalking’ generation

    May 28, 2026

    Those born between 1965 and 1980 could suffer from weaker retirement prospects despite being deemed property rich, after failing to be included in generous pension schemes. The so-called Generation X are at risk of “sleepwalking” into an inadequate retirement, regardless of their high exposure to property, owning twice as many buy-to-let homes as Baby Boomers, [...]

  • Workplace NDA ban may lead to more tribunals

    May 28, 2026

    A government proposal to ban the use of non-disclosure agreements in cases of workplace harassment or discrimination may make it harder for disputes to be settled outside of tribunals.  The proposal, ‘Make Work Pay’, which is open for consultation until 8 July and part of the recent overhaul of the Employment Rights Act, would ban [...]

  • Tech Mahindra president: UK needs less hesitation, more conviction

    May 28, 2026

    Tech Mahindra president Harshul Asnani, who returned to London after almost 20 years in Silicon Valley, takes us through his career.

  • Treasury still has £5bn to spend on Covid-19 – taking total bill to £385bn

    May 28, 2026

    The Treasury has said it still needs to spend £5bn more on Covid-19 measures more than four years after the last lockdown restriction was lifted, taking the total estimated costs to taxpayers to £385bn.  In a cost tracker update on Thursday, the government said it had already spent £380bn on Covid-19 support since the pandemic [...]

  • Family-owned Tottenham brewer falls into administration as industry pressures mount

    May 28, 2026

    A beloved family-owned Tottenham brewery that was a key player in London’s craft beer renaissance has fallen into administration amidst mounting cost pressures on the industry.  Redemption Brewing Company, which was the first commercial brewery to open in Tottenham in nearly 100 years, is officially listed on the formal register of new insolvency appointments as [...]

  • Samsung employees bag £310k bonuses as chip boom sends payouts soaring

    May 28, 2026

    Samsung’s AI-fuelled chip boom has delivered eye-watering payouts for thousands of staff, after workers at the South Korean giant voted through a profit-sharing deal worth hundreds of thousands of pounds each. Employees in Samsung’s memory chip division are set to receive bonuses averaging roughly £310,000, mostly in stock, as soaring demand for AI data centre [...]

  • Milburn review: Youth unemployment crisis costs £125bn a year due to ‘broken system’

    May 28, 2026

    The crisis of nearly a million young people who are out of education, employment or training – known as ‘Neets’ – costs the UK economy up to £125bn a year, the Alan Milburn review has found, as both the government and the private sector were blamed for failing to address youth unemployment. An extensive report [...]

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