Immediate updates on the UK’s shifting economic landscape. From Spring Budget breakdowns to critical Bank of England interest rate decisions, we deliver real-time news and expert commentary to keep your business agile and informed on the financial trends shaping the British market.
HMRC advisory fuel rates are the pence-per-mile figures HM Revenue & Customs publishes quarterly for employers to reimburse employees for business travel in company-owned vehicles. The June 2026 update, effective from 1 June 2026, increases petrol, diesel, and LPG rates across all engine bands, while electric rates remain unchanged from March 2026. Key Takeaways Petrol…
UK DIY retailer administration occurs when a home improvement chain can no longer meet its financial obligations and appoints licensed insolvency practitioners to manage its assets, protect creditors, and determine whether the business, or parts of it, can be sold as a viable operation. The most recent case involved Homebase, which entered administration on 13…
High street banks losing deposits is the defining shift in UK retail banking: between 2019 and 2024, incumbent lenders lost the equivalent of £100 billion in customer savings to challenger banks, building societies, and specialist lenders. The trigger was a sustained savings rate gap, high street banks passed on a fraction of Bank of England…
