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UK Insurers Pay Record £585 Million for Weather-Related Damage in 2024

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Insurers in the UK paid out a record £585 million for damage caused by severe weather events in 2024, including windstorms, flooding, and frozen...
News

GB Energy Faces Challenge in CEO Search for Aberdeen Headquarters

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Great British Energy (GB Energy), the UK’s state-owned clean energy company, is set to begin the search for a chief executive to lead its...
Business

MAJOR UK BANK REINTRODUCES £150 SWITCHING INCENTIVE FOR NEW CUSTOMERS

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A leading UK bank has brought back its popular cash incentive, offering new customers £150 for switching their current account. The promotion, which benefited...
Business

Bank of England Set to Reduce Interest Rates in Response to Economic Slowdown

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The Bank of England (BoE) is expected to lower interest rates in its upcoming meeting on Thursday, reducing the base rate from 4.75% to...
Business

UK Government Denies Increased Costs in Chagos Islands Deal

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The UK government has rejected claims from Mauritius' Prime Minister, Navin Ramgoolam, that the renegotiated deal for the Chagos Islands could cost the UK...
Business

Scottish Power Advert Featuring George Clarke Banned for Misleading Viewers

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An advertisement by Scottish Power featuring architect and television presenter George Clarke has been banned after concerns that it misled viewers into thinking they...
Business

Former Chancellor Warns Against UK Retaliation in Potential US Trade War

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The UK should refrain from retaliating if Donald Trump imposes trade tariffs, former chancellor Jeremy Hunt has advised, as ministers prepare for potential economic...
Business

Sir Evelyn de Rothschild Accused of Workplace Misconduct

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Allegations have surfaced against the late Sir Evelyn de Rothschild, one of the most prominent financiers in British banking, accusing him of serious sexual...
Business

Asda Workers Win Key Stage in £1.2billion Equal Pay Case

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Thousands of Asda workers have secured a major legal victory in their long-running equal pay battle, bringing them closer to a potential £1.2billion compensation...
Business

UK Poised to Be Europe’s Fastest-Growing Major Economy, Says IMF

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Britain is set to be the fastest-growing major economy in Europe over the next two years, according to the latest World Economic Outlook report...
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