Labour minister Josh Simons sparks debate after saying “life is s**t” for young adults struggling with housing, childcare and rising taxes. Analysis shows young professionals face a harsher tax burden and weaker job market heading into 2030.
Category: In Business
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Business owners warn HMRC’s new ‘bounty’ tax reward scheme risks unleashing malicious claims
Business owners warn HMRC’s new tax reward scheme could unleash malicious or false reports as informants chase payouts, risking costly investigations and reputational damage for innocent firms.
Young Brits drive UK’s entrepreneurship boom as two-thirds plan to work for themselves
New research shows the UK is heading for an entrepreneurship boom, with 67% of young adults wanting to start a business and 1 in 10 Brits planning to launch within a year – but access to finance and digital tools remains a major barrier.
Spotify Wrapped 2025: the top business and tech podcasts revealed
Spotify Wrapped 2025 crowns Diary of a CEO as the top business and tech podcast, with record podcast and video streaming across the platform this year.
Northamptonshire manufacturer Pallite secures £1.6m UKEF-backed loan to meet global export demand
Pallite Group has secured a £1.6m loan backed by UK Export Finance to meet surging overseas demand for its sustainable warehouse and packaging products, supporting global expansion and new UK jobs.
Reeves’ “lowest tax rates since 1991” claim challenged as analysis shows most high-street premises will pay far more
New analysis shows Rachel Reeves’ “lowest tax rates since 1991” claim misleads, with most high-street properties facing higher business-rates multipliers and overall support falling by £420m next year.
One in four computing students is now female, new research shows – but gender gap remains wide across the UK tech pipeline
New HESA analysis shows women now make up 25% of UK computing students, though 70% of tech jobs remain male-dominated. Go Deploy urges earlier interventions and more inclusive pathways.
Employers want to hire disabled staff – but many don’t know where to start
Ahead of the UN’s Disability Day, new research shows employers want to hire disabled staff but lack the confidence to act. Leading firms like Whitbread, Asda and M&S show how inclusive employment can work at scale.
HMRC to scrap homeworking tax relief from 2026, hitting 300,000 employees
HMRC will scrap homeworking tax relief from April 2026, costing 300,000 employees up to £124 a year as the Treasury targets non-compliance and raises £30m annually.
Reeves and Kyle summon telecoms chiefs, warning firms must do more to protect consumers from unexpected price hikes
Rachel Reeves and Peter Kyle have summoned telecoms CEOs, urging them to protect consumers from mid-contract price rises and improve transparency as the government pursues nationwide 5G and gigabit upgrades.
Isle of Man seeks global tech innovators to transform healthcare through 2026 Innovation Challenge
The Isle of Man has launched its 2026 Innovation Challenge, calling global tech entrepreneurs to develop solutions for health and social care across themes including prevention, digital efficiency and home-based care.
Budget’s new VAT relief set to boost business donations and cut landfill waste
A 2026 VAT reform will remove tax charges on donated goods, encouraging businesses to give surplus stock to charities instead of sending it to landfill and supporting a wider range of charitable causes.
New taxi VAT rule would hit vulnerable passengers hardest, warns lawyer behind landmark Uber case
A solicitor behind the Uber Supreme Court case warns that Rachel Reeves’ proposed “taxi tax” could raise fares, burden small operators and hit elderly, disabled and low-income passengers hardest.
‘Covid boom’ ends as graduate job prospects fall back to pre-pandemic levels
A new Jisc report shows UK graduate employment has fallen to pre-Covid levels, with only 56.4% in full-time work and IT roles declining sharply as recession fears grow.
Government risks further harm if it fails to act on viral misinformation, MPs warn
MPs warn the government risks public harm after rejecting recommendations to strengthen the Online Safety Act and regulate AI platforms amid rising viral misinformation.
