Suppliers warn farming inheritance tax will jeopardise UK food security
Farming leaders and suppliers are warning that Chancellor Rachel Reeves’s inheritance tax on farming assets exceeding £1 million could undermine Britain’s food security, making the UK more dependent on foreign imports. Senior business figures, including Nigel Murray, managing director of Booths
Trump hails ‘magnificent victory’ as projected winner of 2024 US election
Donald Trump is set to return to the White House as America’s 47th president after securing a projected 266 electoral votes, narrowly edging out his Democratic opponent, Kamala Harris. Trump celebrated what he called a “magnificent victory,” calling it the start
Asos optimistic about turnaround despite £380m loss
Asos has expressed confidence in its recovery strategy despite reporting a £380 million pre-tax loss for the past financial year. The online fashion retailer has halved its inventory levels since 2022 and shifted focus to full-price sales, aiming to improve profitability.
Electric car prices slashed as manufacturers push to meet zero-emission targets
Electric car sales surged by 24% in October, capturing over 20% of the new vehicle registrations market, thanks to extensive discounting by manufacturers eager to meet government zero-emission targets. According to the Society of Motor Manufacturers and Traders (SMMT), new car
Jobless rate set to rise’ as experts warn of National Insurance hike impact
Experts from the National Institute of Economic and Social Research (NIESR) have cautioned that the recent increase in employers’ national insurance contributions (NICs), announced in Chancellor Rachel Reeves’ budget, will likely lead to higher unemployment. NIESR has described the NICs increase