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UK steelmakers face 77% electricity price gap as Middle East war deepens competitiveness crisis

16 April 2026 No Comments

UK steelmakers now pay up to 77% more for electricity than French and German rivals as Middle East conflict drives wholesale prices higher. UK Steel welcomes BICS but demands urgent…

Britain’s first major AI data centre sparks net zero clash as gas power plans revealed

16 April 2026 No Comments

Britain's first nationally significant AI data centre at Wapseys Wood would be powered by a gas turbine, fuelling concern that the UK's AI ambitions are clashing with climate goals. Read…

UK economy surged before Iran conflict but stagflation now looms for Britain’s SMEs

16 April 2026 No Comments

UK GDP grew 0.5% in February, beating forecasts, but the Iran conflict threatens British SMEs with stagflation as energy costs soar and the IMF slashes growth forecasts. Read more: UK…

Reeves unveils 25% electricity bill cut for 10,000 manufacturers as energy costs bite

16 April 2026 No Comments

Chancellor Rachel Reeves expands the British Industrial Competitiveness Scheme by 40%, cutting electricity bills by up to 25% for 10,000 UK manufacturers from April 2027. Read more: Reeves unveils 25%…

US tariff refund backlog leaves UK exporters in limbo as Washington scrambles to process billions in claims

15 April 2026 No Comments

Thousands of importers face an open-ended wait for US tariff refunds as CBP's new CAPE portal covers only 63% of claims. UK SMEs trading transatlantically could be owed a share…

Disney to axe 1,000 jobs as new chief D’Amaro moves to streamline empire

15 April 2026 No Comments

Disney's new CEO Josh D'Amaro is cutting around 1,000 jobs across its studio, television, ESPN and marketing divisions as the entertainment giant battles shrinking box office returns and streaming pressures.…

Norwegian green-steel start-up closes in on rescue deal for former Liberty works in South Yorkshire

15 April 2026 No Comments

Norwegian-backed Blastr has entered exclusive five-week talks with the UK's official receiver to buy Speciality Steel UK, raising hopes of a rescue for Rotherham and Stocksbridge. Read more: Norwegian green-steel…

Reeves flies into Washington as IMF brands Britain the G7’s biggest loser

15 April 2026 No Comments

The IMF has slashed Britain's growth forecast by 0.5 points — the sharpest G7 downgrade — as Rachel Reeves arrives in Washington with inflation nearing 4%. Read more: Reeves flies…

AA ordered to refund 80,000 learner drivers in landmark ‘drip pricing’ ruling

15 April 2026 No Comments

The AA has been fined £4.2m and ordered to repay £760,000 to more than 80,000 learner drivers after the CMA ruled its driving schools breached consumer law by hiding a…

Barratt Redrow pulls back on land buying as Iran war rattles housing market

15 April 2026 No Comments

Britain's biggest housebuilder Barratt Redrow is cutting land purchases by up to £200m as the Iran conflict fuels mortgage rate fears, yet Q3 sales rose 6% and the order book…

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