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The Latest Breaking News from Business

London councils will be ‘unable to provide basic services’ after government funding shake-up, warn businesses

BusinessLDN – which represents more than 170 of the city’s largest employers – urged ministers to ensure that the Fair Funding Review takes account of the city’s higher costs and levels of deprivation

Evening Standard

Inheritance tax changes under consideration amid spending gap concerns – reports

Government U-turns over winter fuel payments and welfare reform have left Chancellor Rachel Reeves with a multibillion-pound fiscal shortfall.

Evening Standard

Hostage families: Releases will play ‘no part’ in UK plan to recognise Palestine

Members of four British families met with Foreign Office officials on Thursday night seeking clarification over the plans.

Evening Standard

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Minister reopens door to wealth tax days after cabinet colleague calls it ‘daft’

Dame Diana Johnson suggested the government was considering a wealth tax despite the business secretary ruling it out days earlier

The Independent UK

Starmer: Small business owners should not have to put homes on the line

New measures including better access to loans and cracking down on late payments are intended to boost small businesses.

Evening Standard

‘I always experience that as well’: Black woman books business class on Emirates flight. Then an agent tries to block her from boarding

A woman said she was shouted at while trying to enter business class to board an Emirates flight. In a video with more than 64,000 views on TikTok, Fafa A. (@f_adika) explained how Emirates potentially profiled her and shouted at her.

The Mary Sue

Mark Cuban Claims He Maintains A Searchable Archive Of His Email Inbox That Runs Back Decades, Reveals Why He Prefers It Over 'Long, Boring Meetings'

Billionaire entrepreneur Mark Cuban spends most of his waking hours combing through email, saying he would rather whittle his inbox toward zero than sit through "long, boring meetings."

Benzinga

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Business Secretary dismisses idea of ‘magic wealth tax’ as ‘daft’

Wales’s First Minister Baroness Eluned Morgan has called for a wealth tax.

Evening Standard

UK India trade: 'Never a better time to invest in London,' says Sadiq Khan as Starmer and Modi sign deal

British workers will not be undercut by the agreement, says Business Secretary Jonathan Reynolds

Evening Standard

Labour Government ‘deeply committed’ to recognising Palestine, Reynolds says

Sir Keir Starmer is under pressure from within his own party to recognise a Palestinian state as the humanitarian crisis in Gaza continues.

Evening Standard

Microsoft launches Intel-exclusive Surface Laptop 5G with reengineered design — but it's SHOCKINGLY expensive

The Surface Laptop 7 with 5G is now available to order, but only for business customers and with an Intel Core Ultra chip. The device will ship on August 26 and starts at an eyewatering $1,799.

Windows Central

Slack users get more AI, at a more unified price - and every Salesforce user now gets free Slack access

Free Slack users are about to get more Salesforce tech, while paying customers will get varying levels of AI.

TechRadar

Parents who lose pregnancy before 24 weeks to be entitled to bereavement leave

Deputy Prime Minister Angela Rayner said the change would give ‘people time away from work to grieve’

Evening Standard

Ban on ‘exploitative’ zero-hours contracts to come into effect in 2027

Ministers have opted for a phased rollout of the changes to allow businesses time to prepare.

Evening Standard

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Evening Standard

Cabinet minister urges MPs to back welfare Bill as rebellion looms

Business Secretary Jonathan Reynolds appealed to backbenchers to support the Bill ahead of a crunch vote on Tuesday.

Evening Standard

Ministers launch full review of parental leave as current system ‘not working’

The Government will investigate the whole system for supporting new parents to take time off work when they have a baby.

The Independent UK

Ministers tighten steel safeguards to ward off cheap foreign imports

Business Secretary Jonathan Reynolds said the Government was ‘unapologetic in our support for the UK steel sector’.

The Independent UK

Business news live: Nike fears $1bn Trump tariff hit, plus why oil prices are now rebounding

Stock markets updates and business news from Friday

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Evening Standard

Starmer puts skills training at heart of industrial strategy plan

The decade-long industrial strategy will include £275 million in skills investment to train Britons to do jobs in growth industries.

Evening Standard

UK ‘ready to go’ on implementing US trade deal, says Business Secretary

Jonathan Reynolds suggested the White House was responsible for the hold-up.

InsideEVs

You Can Save Up To $3,000 On A Bunch Of GM EVs At Costco

The Chevrolet Silverado EV, GMC Sierra EV and Chevy Equinox EV are on the list.

The Independent UK

Reeves urged to raise taxes and cut public spending as UK growth to stall after Trump tariffs

Labour chancellor under pressure from the OECD ahead of upcoming spending review

MarketBeat

$30B AI Opportunity: Will It Power Meta’s Next Surge?

One Wall Street analyst sees an emerging AI opportunity for Meta worth north of $30 billion. What is the outlook for Meta's lofty business messaging ambitions?

Evening Standard

Ministers under fire amid concern over impact of trade deals on Northern Ireland

Business Secretary Jonathan Reynolds attempted to ease concerns in his response to an urgent question in the House of Commons.

Evening Standard

Trade deal was needed urgently to save 150,000 livelihoods, says senior minister

Darren Jones was resolute about the need for the deal, as he faced suggestions the UK still remains in a worse situation than before tariffs began.

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