Jamie Young

https://bmmagazine.co.uk/

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting. Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops. When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

JPMorgan Chase, the world’s largest bank by assets, has approved the use of its in-house artificial intelligence system to help employees write annual performance reviews — a move that underscores how rapidly AI-generated content is being integrated into corporate workflows.

JPMorgan launches AI chatbot to help staff write performance reviews

27 October 2025 In Business, Technology Jamie Young 0 Comments

His Majesty’s Revenue & Customs (HMRC) has seen its annual wage bill rise by £29.4 million over the past year, driven by an increase in senior-level employees, according to new research from the Global Payroll Alliance (GPA).

Senior staff expansion drives £29m rise in HMRC wage bill

27 October 2025 News Jamie Young 0 Comments

The United States and China have reached a final agreement on the sale of TikTok’s US operations, Treasury Secretary Scott Bessent confirmed on Sunday, marking a breakthrough in a long-running dispute over the video-sharing platform’s ownership and data security.

US and China agree final TikTok sale deal as part of wider trade framework

27 October 2025 News Jamie Young 0 Comments

Supermarkets and food manufacturers in England will be expected to help tackle rising obesity rates by making it easier for customers to choose healthier food, under a new government initiative announced today.

Supermarkets warn tax rises could drive food prices higher

26 October 2025 News Jamie Young 0 Comments

Reeves forced to correct parliamentary record after misquoting key figures

Reeves refuses to rule out income tax rise as pressure mounts before Budget

26 October 2025 News Jamie Young 0 Comments

Nearly two-thirds of UK companies are set to scale back hiring plans in response to the Chancellor's £40bn tax hike, according to new polling by the Confederation of British Industry (CBI).

Reeves weighs income tax rise to plug £30bn fiscal hole

24 October 2025 News Jamie Young 0 Comments

Natwest has partnered with IBM to launch an AI chatbot designed to provide more “human interaction” to customers after closing dozens of local branches this year.

NatWest profits surge 30% as higher interest rates fuel bank earnings

24 October 2025 News Jamie Young 0 Comments

The London Stock Exchange Group (LSEG) has secured a £170 million investment from 11 of the world’s largest banks, strengthening its post-trade operations and deepening ties with key industry partners.

London Stock Exchange seals £170m deal with 11 global banks to strengthen post-trade operations

23 October 2025 Get Funded, News Jamie Young 0 Comments

Sir Tony Blair has urged Energy Secretary Ed Miliband to ditch his 2030 clean power target and cut green levies as his think tank warns that current climate policies are driving up costs for homes and businesses.

Tony Blair urges Ed Miliband to scrap green levies amid energy cost backlash

23 October 2025 News Jamie Young 0 Comments

The government has approved the long-awaited reopening of the Oxford Cowley rail branch line, marking a major milestone in plans to transform the Oxford-Cambridge corridor into what ministers call “Europe’s Silicon Valley.”

Oxford rail link to reopen as £10bn tech campus fuels ‘Europe’s Silicon Valley’ vision

23 October 2025 News Jamie Young 0 Comments

Nikhil Rathi, Chief Executive of the Financial Conduct Authority (FCA), has warned that the UK’s financial system is “not prepared” to withstand the growing wave of geopolitical and cyber threats facing the global economy.

FCA chief warns UK financial system “not prepared” for rising global and cyber risks

23 October 2025 News Jamie Young 0 Comments

Barclays has reported a 19 per cent rise in first-quarter profits, as market turmoil driven by Donald Trump’s return to the White House boosted trading revenues across its investment banking arm. The FTSE 100 lender posted pre-tax profits of £2.7 billion for the three months to the end of March, beating City forecasts of £2.5 billion. The performance was powered by a surge in revenues from Barclays’ markets division, which capitalised on investor reaction to sweeping policy changes by the Trump administration. Revenues in the markets business climbed 16 per cent year-on-year to nearly £2.7 billion, driven by a 21 per cent increase in fixed income, currencies and commodities trading, and a 9 per cent rise in equities. Activity soared as traders helped clients rapidly rebalance portfolios in response to new US trade and economic measures. The gains offset a rise in loan loss provisions across the group, which increased to £643 million from £513 million a year earlier. Barclays said this included a £74 million charge for “elevated US macroeconomic uncertainty”, reflecting the potential impact of Trump’s newly imposed global tariffs. The results mark a win for chief executive CS Venkatakrishnan, known as Venkat, who unveiled a three-year transformation plan in early 2023 to revive shareholder confidence and reposition the bank. His strategy includes rebalancing Barclays away from its historically volatile investment banking arm and bolstering its UK consumer and corporate businesses, alongside a commitment to return £10 billion to shareholders by the end of 2026. Investment banking fees also saw a strong uplift, rising 16 per cent to £1.2 billion from advising on takeovers, capital raises, and debt issuance. Despite the market gains, challenges remain for Barclays as it navigates a shifting global landscape. Trump’s new trade tariffs, including heavy levies on Chinese goods, pose risks to the global economy and could threaten growth in the UK and US — key markets for the bank. Venkat acknowledged the uncertain backdrop but struck an optimistic tone: “Our high quality, diversified businesses, together with proactive risk, capital and liquidity management and a robust balance sheet, position us well to support our customers and clients and deliver strong risk-adjusted returns in a wide range of macroeconomic scenarios.” Barclays shares have performed strongly since Venkat’s turnaround plan was announced last year, but ongoing geopolitical and economic volatility may test the resilience of his strategy in the months ahead.

Barclays takes £110m hit from collapse of US subprime lender as private credit risks grow

23 October 2025 News Jamie Young 0 Comments

JCB has announced plans to invest £100 million in a major overhaul of its flagship Rocester plant in Staffordshire, in a move set to safeguard 8,000 UK jobs and bolster confidence in the nation’s struggling manufacturing sector.

JCB invests £100m to modernise flagship UK factory and secure 8,000 jobs

22 October 2025 News Jamie Young 0 Comments

Jaguar Land Rover cyber attack confirmed as UK’s most costly, with £1.9bn impact

22 October 2025 News Jamie Young 0 Comments

Shopping centres are so much more than a place to purchase a new outfit or a loved one’s birthday gift. In recent years, they’ve become an exciting social hub that serves in strengthening communities and shaping urban areas.

UK inflation holds at 3.8% in September, fuelling hopes of earlier rate cut

22 October 2025 News Jamie Young 0 Comments

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