World of Business

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Clarkson calls for single 'Britflix' platform to save British broadcasting

Jeremy Clarkson has called for British broadcasters to merge into a single "Britflix" platform to survive competition from global streamers. Speaking at the RTS London convention, the Clarkson's Farm star warned that talented producers and crew are leaving the industry as traditional broadcasters...

6 min read

UK mortgage approvals hit lowest level since late 2023 as interest rates climb

UK mortgage approvals fell to their lowest level since December 2023 in August as rising interest rates deterred borrowers. The effective mortgage rate climbed to 4.60%, while the government paid the highest gilt yield since 1999 at a bond auction.

10 min read

M&S and Sephora launch joint beauty venture to capture younger customers

Marks & Spencer partners with Sephora to open 100 branded beauty areas and launch online sales, targeting younger shoppers as part of its £700m transformation plan.

5 min read

Aviva warns new homes in flood zones risk becoming uninsurable

Aviva's chief executive has warned that new homes being built in flood-prone areas risk becoming uninsurable as climate change intensifies flooding. With 115,000 homes set to be constructed in flood zones over the next decade, she urged the government to reconsider building practices and avoid pr...

5 min read

Burnham to launch publicly owned grid company to cut energy costs

Prime Minister Andy Burnham announced a new state-owned electricity company, Great British Grid, to accelerate grid connections and reduce energy costs. The publicly owned body will compete with private operators and help businesses connect faster to Britain's transmission network.

5 min read

Universities now offer content creation degrees for £30,000—but do they deliver?

Universities across the UK and US now offer content creation degrees costing up to £30,000, but working creators are divided on whether the investment delivers value. Some see them as essential professional training; others argue free online resources suffice.

6 min read

UK negotiates with US over threatened diesel export ban as prices hit record high

The UK is negotiating with US authorities to prevent a potential diesel export ban as prices hit record highs. Chancellor John Healey confirmed the government is preparing contingency measures while seeking a diplomatic solution to Middle East tensions.

5 min read

Aldi chief attacks rival supermarkets over 'deceptive' loyalty discount tactics

Aldi's chief executive has criticised rival supermarkets for loyalty discount schemes that start with inflated prices, claiming they dupe customers. However, the UK competition watchdog found shoppers save 17–25% on average through such programmes. Aldi reported 5% sales growth to £19bn but faces...

4 min read

Labour's October Budget: What to expect from Healey's first fiscal statement

Chancellor John Healey will deliver Labour's first Budget on 28 October 2026, setting out tax and spending plans while navigating constraints from pre-election pledges and rising government borrowing costs.

5 min read

Diesel reaches record 199.18p per litre as Middle East tensions drive fuel costs higher

UK diesel prices have hit a record 199.18p per litre amid Middle East tensions disrupting oil supplies. Filling an average car now costs £110, up £31 since the conflict began. Prices are unlikely to fall without sustained lower wholesale oil costs.

2 min read

Childminder warns of 'severe burden' as heating oil costs surge in Northern Ireland

Childminder Rachel Jeffers describes heating oil costs as creating a "severe" financial burden as prices in Northern Ireland have more than doubled year-on-year. With 62.5% of homes relying on oil for heating, the unregulated market means global price rises pass directly to consumers.

6 min read

Healey to unveil 'new age of industrialisation' vision at Labour conference

Chancellor John Healey will outline a vision for British industrial renewal in his Labour conference speech, announcing investment in Royal Navy shipbuilding and a marine research vessel alongside a revived union training scheme.

6 min read