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Hospitality VAT cut: can it help the sector and at what cost to UK taxpayer?

Drop to 10% for pubs and eateries would be in line with most of Europe, but critics say it favours multinationalsBusiness live – latest updatesNearly a quarter of hospitality businesses are losing money, new data has shown, reigniting calls among chefs, pub owners and restaurateu

Admin Recifes 15/07/2026 1

The truth about the next prime minister and the bond markets | Letter

Google search activity shows Andy Burnham has not put any upward pressure on borrowing costs, says Prof Costas Milas “Believe Westminster, and the bond vigilantes are the ever-present, always hovering threat to political stability,” writes Aditya Chakrabortty (It’s not the bond m

Admin Recifes 15/07/2026 1

US cooking oil market shrinking due to Ice pressures on Latino households, Mazola owner sa

Economic squeeze and anti-immigration raids have hit Hispanic communities, prompting people to shop online and reuse oilBusiness live – latest updatesThe US cooking oil market is shrinking and unlikely to improve soon because of economic and immigration enforcement pressures on L

Admin Recifes 15/07/2026 1

Bankers and unions set for clash over possible Burnham tax raid on UK banks

City bosses say move would be economically disastrous, but union leaders urge likely new PM to ignore ‘vested interests’Battle lines are being drawn between City bosses and trade unions over a possible tax raid on UK banks to help fund Andy Burnham’s package for struggling househ

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Burnham’s funding gap: what state are UK finances in for the PM-in-waiting?

Given pressures on the public purse, the Makerfield MP may have to look at autumn tax rises to fund his ‘new direction’An economy rattled by a global energy shock, jittery bond markets and rising spending demands. As Andy Burnham prepares for government, the pressures on the publ

Admin Recifes 15/07/2026 1

UK service sector shrinks amid Iran war disruption and heatwave – business live

Rolling coverage of the latest economic and financial newsToday’s UK Service PMI report (which polls purchasing managers from across the sector) found there was a “sustained reduction in backlogs of work across the service economy”.This was due to weak demand, S&P Global reports,

Admin Recifes 15/07/2026 1

How BT’s ‘no nonsense’ first female chief helped turn company around

The firm’s share price has risen 80% under Allison Kirkby’s leadership – but pressure remains for her to deliver further growthBusiness live – latest updatesIf timing is everything, then Allison Kirkby may have judged it perfectly.Since becoming BT’s first female chief executive

Admin Recifes 15/07/2026 1

EV charger rollout in UK slows amid political uncertainty and rise in installation costs

Growth in charge points falls markedly despite surge in number of rapid-charging unitsBusiness live – latest updatesThe UK’s rollout of electric vehicle chargers has slowed amid challenging cost pressures and uncertainty over government sales targets.Charger companies installed 5

Admin Recifes 15/07/2026 1

Revealed: Farage’s £5m gift reported to UK crime agency over money laundering concerns

Exclusive: Latest Guardian revelation about gift from cryptocurrency tycoon comes as Reform UK leader forces byelectionThe £5m gift to Nigel Farage by a cryptocurrency billionaire was reported to the National Crime Agency by bankers who were concerned it may have been laundered m

Admin Recifes 15/07/2026 1

Port of Dover faces ‘utter chaos’ under struggling EU entry system, MPs warn

UK government urged to apply pressure on France to fix system or suspend checks by next weekBusiness live – latest updatesCross-Channel ferry passengers and the port of Dover face “utter chaos and miles of tailbacks” under the EU’s entry/exit system (EES) unless the technology is

Admin Recifes 15/07/2026 1

Oil prices rise sharply after Iran launches attacks on tankers near strait of Hormuz

Brent crude benchmark rose to more than $80 a barrel, its steepest increase since ceasefire beganOil markets have recorded their sharpest price rise in nearly two months after a series of attacks on fossil fuel tankers near the strait of Hormuz led Donald Trump to declare that th

Admin Recifes 15/07/2026 1

Russia reports downing 660 Ukrainian drones, denies seeking Belarus war aid

The drone attack is one of Kyiv's biggest of the war, sustaining pressure on Russia as it struggles with fuel shortages.

Admin Recifes 15/07/2026 1

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