World of Business

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State Pension Triple Lock Explained: £488 Rise Expected in April 2027

The state pension is forecast to rise by £488 annually in April 2027 under the triple lock system. The new flat-rate pension would reach £250.70 per week. The triple lock's rising cost has sparked debate, with some calling for reform.

7 min read

An older woman smiles as she looks out of a bus window. She has short grey hair and is wearing a green scarf.

Wales to cut business rates by 30% for pubs, hotels and gyms from April 2027

Wales will introduce a permanent 30% business rates cut for pubs, hotels, gyms and other hospitality venues from April 2027, funded by increases on the largest properties. The measure replaces a temporary 15% cut and aims to revitalise high streets.

6 min read

Rhun ap Iorwerth holding a pint and smiling at the camera. He has a dark grey suit and light blue shirt. Next to him is a woman with curly, brown hair and a pink blazer, with a light blue floral top underneath, she too holds a pint. Next to her is a man who smiles with a beard and glasses, and a black shirt, who also holds a pint. The three are stood behind a bar.

UK could unlock 100+ oil and gas projects with policy changes, industry claims

The UK oil and gas industry claims that 111 new projects could be unlocked with fiscal reforms and approval of the Rosebank and Jackdaw fields, potentially attracting £50bn in investment. Environmental groups dismiss the proposal as unrealistic.

5 min read

Protestors with placards and banners outside the Court of Session in Edinburgh.

Carney pitches Canada as 'safe harbour' to woo global investors amid US trade war

Prime Minister Mark Carney hosts the inaugural Canada Investment Summit on September 14–15, 2026, pitching Canada as a "safe harbour" to over 100 global investors overseeing C$120 trillion in assets. The event aims to attract C$1 trillion in investment over five years as Canada pivots away from U...

7 min read

Mark Carney, in a black suit and tie gestures as he stands in front of a microphone. Behind him, against a dark background, are three red and white Canadian flags in a row.

UK government moves to nationalise troubled Speciality Steel after rejecting private bid

The UK government will pursue public acquisition of Speciality Steel UK after rejecting a private bidder's proposal. The steelworks, employing over 1,300 people across four sites, entered liquidation in August 2025. Acquisition will be funded from existing budgets and subject to due diligence.

4 min read

A steelworks site, pictured against the backdrop of the skyline in Rotherham. Four tall brick towers stand above the rest of the complex buildings. Residential homes can be seen in the far distance, with green fields to the left.

Nigeria's Dangote launches Africa's largest IPO with $2.1bn refinery share sale

Nigerian billionaire Aliko Dangote has launched Africa's largest share sale, offering 4.1 billion shares in his oil refinery to the public. The IPO could raise up to $2.1bn and opens on 14 September 2026. Dangote will retain 84.34% control after the offering.

5 min read

A close-up photo of Aliko Dangote. He is wearing glasses and a suit, with short, salt and pepper hair.

Crispin Odey's lifetime ban upheld as judges reject appeal over harassment investigation obstruction

Crispin Odey's lifetime ban from UK financial services has been upheld by judges, who found he lacked integrity and attempted to obstruct harassment investigations by firing his executive committee twice.

4 min read

PM Burnham calls for business culture shift ahead of CEO summit

Prime Minister Andy Burnham has called for a "culture shift" in how Britain conducts business, pledging government support for entrepreneurs and local economic partnerships. He will meet with chief executives from major corporations including BP, Shell, and HSBC on Monday to discuss growth priori...

5 min read

A medium close up of Andy Burnham wearing a blue suit and an open-collar white shirt with trees behind him in soft focus

Abuse compensation claims against Harrods could exceed £150m, law firm says

Compensation claims from 275 survivors of alleged sexual abuse by the former Harrods owner could total £100m–£150m, far exceeding the store's £51.8m reserve. A law firm representing survivors says Harrods' redress scheme underestimates harm and payouts average £82,000 versus claimants' actual los...

7 min read

View of the outside of Harrods from the street

Inflation surge forces rate decisions across US, UK and Japan as oil prices spike

Central bankers in the US, UK and Japan announce rate decisions this week as surging oil prices and Middle East tensions fuel inflation concerns. The Federal Reserve faces political pressure for cuts, the Bank of England signals patience, and the Bank of Japan prepares to raise rates to 30-year h...

6 min read

Rolled banknotes from various world currencies bundled together, showing portraits and colors

Osborne urges UK to rejoin EU customs union to reverse post-Brexit economic decline

Former Conservative chancellor George Osborne argues Britain should rejoin the EU customs union to reverse post-Brexit economic decline, describing it as a simpler alternative to single-market membership.

4 min read

An EU flag flies in the wind outside Big Ben in London

£70m rail testing centre still unbuilt as Welsh government seeks private funding

A £70m rail-testing centre at a former Welsh coal mine remains unbuilt after five years. The Welsh government is considering a data centre partnership to attract private funding for the stalled Global Centre of Rail Excellence project.

5 min read

A large expanse of open space with two trains parked on half finished train tracks with diggers and other vehicles around the sides

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