New data shows London wages, adjusted for inflation, have dropped 5.6% since 2008—more steeply than any major UK city except Nottingham—raising concerns over the capital’s ability to attract top global talent.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Mark Carney confirmed as Canada’s new prime minister in landslide Liberal victory
Former Bank of England Governor Mark Carney wins an overwhelming leadership contest to become Canada’s prime minister, vowing to defend national interests against US pressures and bring fresh stability to Canadian businesses.
Bernie Ecclestone’s Formula One car collection sells for record-breaking sum to Red Bull heir
Bernie Ecclestone’s 69 rare F1 cars, valued at an estimated £500 million, have been purchased by Mark Mateschitz, heir to Red Bull’s fortune, in what experts call the largest classic car deal ever seen.
Business secretary signals major shift on electric car policy to safeguard Nissan’s UK future
Business Secretary Jonathan Reynolds announces a significant overhaul of the UK’s electric vehicle targets to keep Nissan’s manufacturing base in Britain, as ministers weigh flexible measures and potential fines reform.
Second-hand Teslas flood UK market as Elon Musk’s politics take toll
British drivers are offloading Teslas in record numbers. Discover why Elon Musk’s political stance and stiff EV competition are fueling a surge in second-hand listings.
Boots snapped up by US private equity giant Sycamore in $10bn takeover
Iconic UK pharmacy chain Boots has been sold by Walgreens Boots Alliance to Sycamore Partners in a $10bn deal, marking a major shift in the global retail landscape.
Pizza Express eyes £30m bailout as tax hikes threaten casual dining sector
Pizza Express shareholders, led by Bain Capital, are expected to invest £30m to help refinance debt, as the casual dining sector braces for looming cost pressures.
Dragons’ Den favourite Sara Davies quits show with heartfelt farewell, leaving fans ‘truly gutted’
Sara Davies, the entrepreneur who made her debut on Dragons’ Den in 2019, has announced she will be stepping back from the BBC programme to focus on her own company.
Chinese imports falter ahead of Trump’s tariffs as Beijing clings to 5% growth target
China’s weakening trade data, fresh US tariffs, and shifting policy support threaten to curtail growth in the world’s second-largest economy.
Trump’s flip-flopping on tariffs rattles european markets
Trump’s back-and-forth on trade tariffs unsettles investors, dragging down European shares and driving gold and the Swiss franc higher as safe-haven assets.
More than 120 women founders pitch to Richard Branson’s ‘elevator of dreams’ ahead of international women’s day
Over 120 women lined up to pitch their start-up ideas to Sir Richard Branson’s ‘Elevator of Dreams’, highlighting barriers and boosting confidence for female founders.
UK service sector sheds jobs for fifth month running after autumn budget
Discover how the UK’s autumn budget has triggered five consecutive months of job cuts in services, amid rising costs, subdued optimism, and policy uncertainty.
Ontario pulls US alcohol from LCBO in retaliation against Trump tariffs
Ontario halts the sale of thousands of American-made alcoholic drinks, marking its first retaliatory strike against President Trump’s tariffs on Canadian goods.
US tariffs threaten British consumers’ pockets, warn Bank of England
Donald Trump’s trade tariffs could leave UK consumers with less money, hamper growth, and stoke inflation, warns the Bank of England.
Services sector slashes jobs for fifth month running as growth momentum stalls
Discover why the UK services industry has cut jobs for five straight months, as new PMI data reveals slipping confidence and looming challenges ahead.
