World of Business

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Trump demands Bombardier move US manufacturing or lose American market

President Trump has threatened to block Bombardier from selling aircraft in the US unless the Montreal-based company moves manufacturing to American soil, escalating trade tensions hours before Canada imposes retaliatory tariffs.

4 min read

Food price cap plans keeping East Lothian farmer awake at night

East Lothian farmer Jamie Wyllie says Scotland's proposed food price cap is keeping him awake at night, fearing supermarkets will pass costs down to producers already operating on minimal margins.

6 min read

Next wins appeal to overturn £30m equal pay ruling on basic pay

Next has won an appeal allowing it to maintain higher pay for warehouse workers than shop floor staff. The tribunal accepted market pressures justified the difference, though other equal pay elements remain contested.

4 min read

Jaguar Land Rover to cut 4,000 jobs as sales plummet and competition intensifies

Jaguar Land Rover is eliminating 4,000 jobs over two years as sales decline across major markets, Chinese competition intensifies, and the company pursues a costly shift toward electric vehicles. The restructuring aims to generate £1.7 billion in cost savings.

6 min read

Welsh Government Opens Public Consultation on New State-Owned Renewable Energy Company

The Welsh government is consulting on a new state-owned renewable energy company that would consolidate existing schemes and support community ownership of wind and solar projects. The consultation runs until 30 November 2026.

5 min read

UK house prices fall for first time in nearly three years as market stalls

UK house prices fell 0.4% annually in August 2026, marking the first year-on-year decline since November 2023 as rising borrowing costs and geopolitical uncertainty dampen the market. The average property now costs £298,468.

4 min read

Small UK TV Firms Face Collapse Risk With Median £42,000 Cash Reserves

Analysis of 203 independent TV production companies reveals median cash reserves of just £42,000—insufficient to cover production delays. Two in five face insolvency within two years as broadcaster budgets contract to pandemic-era lows.

6 min read

Cost of living dominates Isle of Man election campaign as economy shrinks

As the Isle of Man prepares for its September 2026 general election, residents, businesses and charities cite rising costs and economic contraction as their primary concerns. The foodbank has seen demand double in two years, while independent retailers report declining sales and mounting expenses.

7 min read

Healey to launch £150m northern growth fund ahead of October Budget

Chancellor John Healey will unveil a £150m investment fund for northern companies as part of a growth strategy ahead of his first Budget on 28 October. The programme aims to attract private capital through public investment in innovative firms and university spin-outs.

5 min read

Legitimate £70 pension top-up letters arrive for low earners—here's how to verify

Around one million people will receive genuine HMRC letters about pension top-up payments worth typically £70. The scheme compensates low earners who missed tax relief due to their pension scheme type. HMRC will never contact via text, email or phone.

5 min read

EU braces for 300,000 manufacturing job cuts as China expands supply chain dominance

Eurometal warns of 300,000 EU manufacturing job losses in 2026 due to Chinese competition in supply chains. The trade body will stage a symbolic protest at the European Commission on 7 September, featuring 10 coffins representing threatened sectors.

5 min read

China Launches $54bn Capital Push for Banks and Insurers Amid Growth Slowdown

China is deploying a $54 billion recapitalization programme across state banks and insurers to sustain lending and stock market investment as economic growth slows. The finance ministry will cover over 80% of costs, with major lenders like ICBC and Agricultural Bank raising capital through share ...

5 min read