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UK economy
- British investor in talks to buy 49% share in Teesside International Airport 18th May 2024Michael Flacks wants to transform the facility into a cargo, repair and maintenance hub
- Steelmakers warn ministers that UK faces dumping risk 18th May 2024Plans to bring in carbon tax a year after EU will see shipments ‘diverted’ to Britain, industry says
- Pension funds need ‘compelling’ returns from UK nuclear projects to invest 18th May 2024Potential investors tell Jeremy Hunt regulatory clarity also essential before backing new power plants
- UK water companies embrace PFI to deliver £14bn of infrastructure 17th May 2024Ofwat encourages debt-laden utilities to set up entities to deliver reservoirs and pipelines
- Thames Water’s biggest shareholder writes off investment 17th May 2024Move by Canadian pension fund is sign of escalating financial crisis at UK’s largest water supplier
- Paying more is ‘not viable’: new visa rules hit foreign graduate recruitment 17th May 2024International students have had UK job offers rescinded after visa changes made hiring them too expensive
- Advisers worry as social media investment scams surge 17th May 2024Trusted figures often used to persuade people to put money into fraudulent schemes
- UK postal workers’ union issues strike warning to Křetínský 17th May 2024Threat of industrial action made if Czech businessman fails to meet demands over takeover bid for Royal Mail
- Mortgage rates drop as markets bet on Bank of England cut 17th May 2024Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general election
- Hunt signals pre-election tax cut as Tories move on to campaign footing 17th May 2024UK chancellor accuses Labour of ‘a lie’ and funding ‘black hole’ in political speech