Millions of motorists in the UK who purchased cars on finance deals may be entitled to compensation of up to £950 each, under one of the largest redress schemes in British history. The Financial Conduct Authority (FCA) confirmed on Sunday that it will launch a formal consultation on a redress programme for car finance mis-selling, following concerns over undisclosed commission arrangements between lenders and car dealerships. The FCA estimates the scheme could cost motor finance...
High street banks have lost £100 billion in deposits over the past five years, as UK savers increasingly turn to online challengers, specialist lenders and building societies offering more competitive interest rates, according to a new report by KPMG. The professional services firm said the traditional banks’ share of the UK deposit market fell from 84% in 2019 to 80% in 2024, as customers shifted their savings away from the major names like Lloyds, Barclays,...
The number of green energy tariffs available to UK households has fallen sharply, as consumers opt for affordability over sustainability amid the ongoing cost of living crisis. According to data from uSwitch and energy consultancy Cornwall Insight, green energy deals—once making up 85% of the market in 2022—now account for just 18% of the tariffs listed on price comparison websites. The decline marks a significant shift in consumer behaviour since Russia’s invasion of Ukraine in...
More than 125 top business leaders from across the UK have written to Chancellor Rachel Reeves urging the government to introduce a tax relief scheme to support companies that invest in training young people not in employment, education or training (Neets). Senior executives from companies including Toyota, JCB, and leading manufacturers signed the open letter, warning that without urgent action, Britain faces the risk of “confining a generation to the scrapheap”. The number of 16–24-year-olds...
Former Health Secretary Sir Jeremy Hunt has warned that the UK risks “over-medicalising” everyday life events such as bereavement and job loss, cautioning against a growing trend of signing people off work with anxiety and depression. Speaking at the Buxton Literary Festival, the former Chancellor said he believed the country had gone too far in medicalising normal human experiences, as welfare claims linked to mental health continue to rise. “Everyone has trauma – bereavements, sometimes...
President Donald Trump has signed an executive order to eliminate the long-standing de minimis tariff exemption for low-value imports into the United States—significantly increasing costs for UK exporters, global e-commerce sellers, and American consumers buying inexpensive goods from overseas. From 29 August 2025, all goods entering the US valued under $800 will be subject to full duties, based on the country of origin and product category. The exemption, which previously allowed duty-free import of low-value...
Aston Martin Lagonda, the iconic British carmaker known for outfitting James Bond, has announced the sale of its stake in the Aston Martin Aramco Formula One Team as part of efforts to shore up its struggling balance sheet. The $146 million deal, revealed in a binding letter of intent this week, values the Formula 1 team at $3.2 billion. While the buyer has not yet been disclosed, the move sees Aston Martin offload its 4.6%...
Millions of car buyers who were hoping for compensation over mis-sold motor finance have been denied redress following a significant ruling by the UK Supreme Court, in a partial victory for lenders that reins in what could have been a multibillion-pound scandal. The decision overturns core elements of a 2023 Court of Appeal judgment that had favoured consumers in cases against lenders MotoNovo and Close Brothers, which analysts warned could expose the industry to up...
From Stocking Shelves to Shaping Enterprises Lunar Loussia’s path to business leadership didn’t begin in a boardroom. It started in San Diego, California, inside his father’s grocery and liquor stores. As a kid, he didn’t just visit — he wanted to help. “Going to work with my dad was something I loved,” he says. “Even at a young age, I liked watching how things ran.” That early exposure to small business gave him a front-row...
With the passage of time, the quantum realm, which was before only a subject of discussion among physicists, is rapidly becoming a component of the real world of business. This is not only another technological advancement; rather, it is a breakthrough in computing capability that will bring about a transformation in whole industries, ranging from the banking and medical fields to the logistics and cybersecurity fields. Knowing about and being prepared for this impending upheaval...
