During the second quarter of 2026, the financial strain on UK companies has intensified, with a 9% year-on-year increase in those facing critical financial distress, totaling 53,756 businesses. The challenges of rising costs, economic uncertainty, and reduced consumer spending have contributed to this escalating situation.
Particularly affected are leisure and culture enterprises, which saw a 27.1% surge in critical financial distress, leading the sectors in...
The United Kingdom's tax authorities are gearing up to assess high-value residences as they plan to roll out a new council tax surcharge, popularly known as the "mansion tax." This levy, effective from April 2028, will target properties with valuations exceeding £2 million. To accurately determine a home's value, valuation officers may carry out inspections, especially when internal features or dimensions are pivotal for...
France and Germany have decided to terminate their collaborative fighter jet initiative, the Future Combat Air System (FCAS), after facing years of unresolved disputes....
The UK government is poised to contest the European Union's plans to significantly cut tariff-free steel imports, a move that could have a considerable...
Oil prices experienced an uptick on Monday as geopolitical tensions in the Middle East stirred inflation concerns and speculation about potential interest rate hikes...
