Big Ben Biz - London Today

G7 Nations Strike Historic Global Minimum Tax Deal: UK Hails Certainty for Businesses, Removal of ‘One Big Beautiful Bill’ Section 899

Natalie Scott1 year ago04 mins

G7 Nations Reach Landmark Global Minimum Tax Agreement London, UK – In a significant development for international finance and corporate taxation, the Group of Seven (G7) leading industrialized nations have reached a landmark agreement on a global minimum tax, aimed squarely at countering aggressive tax planning and avoidance by multinational corporations. The accord, announced by…

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Windsor Framework: Small Businesses Warn of UK Internal Market Fracture

Maya Patel1 year ago04 mins

LONDON – The Federation of Small Businesses (FSB) has issued a stark warning, asserting that the implementation of the Windsor Framework is actively fragmenting the United Kingdom’s internal market and inflicting significant damage on small enterprises. The Framework, initially heralded as a means to unlock opportunities for Northern Ireland following the UK’s departure from the…

UK Unveils Ambitious New Trade Strategy, Pledging £5 Billion Boost and Expanded Export Finance

Maoli Mitchell1 year ago04 mins

LONDON – On Thursday, June 26, 2025, the United Kingdom government launched a comprehensive new Trade Strategy in London, signaling a significant pivot in its global economic engagement. Introduced as a key component of the wider “Plan for Change,” the strategy sets out ambitious goals aimed at positioning the UK as the most connected nation…

UK Businesses Grapple with Rising Tax Burdens, Overtaking Inflation Concerns

Kendra Lane1 year ago04 mins

LONDON – Taxation has surged to become the second most significant worry for businesses across the United Kingdom, according to the latest official data, surpassing concerns over inflation that have dominated recent economic discourse. The finding underscores a shifting landscape for UK enterprises grappling with increased cost pressures stemming from recent policy changes. The Business…

UK Unveils Ambitious 10-Year Industrial Strategy Bolstered by £6.6 Billion British Business Bank Commitment

Jackson Reed1 year ago04 mins

London, UK – The United Kingdom government has formally launched its modern Industrial Strategy, a comprehensive 10-year blueprint designed to reshape the nation’s economy by addressing key challenges and opportunities. The ambitious plan sets out specific goals, including efforts to significantly reduce energy prices for businesses, unlock substantial private and public investment, and enhance the…

UK Unveils Ambitious 10-Year Industrial Strategy Targeting Growth, Investment, and Key Sectors

Han Yasoki1 year ago04 mins

London, UK – The United Kingdom Government today, Monday, June 23, 2025, published its comprehensive modern Industrial Strategy, a landmark 10-year blueprint designed to significantly boost business investment and accelerate economic growth across eight key sectors of the British economy. Prime Minister Keir Starmer hailed the strategy as a “turning point” for the nation’s industrial…

UK Business Failures Reach Multi-Year High in May Amid Deepening Economic Strain

Felicia Holmes1 year ago04 mins

London, UK – The number of registered company insolvencies across England and Wales surged to 2,238 in May 2025, according to new data released by the government’s Insolvency Service. The figures underscore the persistent challenges facing businesses in a demanding economic environment, with the monthly total representing a significant increase compared to recent periods. The…

Former Centrica, BHP Chiefs Surface as Leading Candidates for BP Chairman Amid Turmoil

Daniel Kim1 year ago04 mins

London, UK – As global energy giant BP navigates a turbulent period marked by activist investor pressure and a declining share price, two prominent figures from the UK and global business spheres have reportedly emerged as leading candidates to chair the embattled company. Sam Laidlaw, the former chief executive of UK energy supplier Centrica, and…

UK Businesses Reeling: Over Half Forcing Staff and Cost Cuts Amid National Insurance Hikes

Connor O'Reily1 year ago04 mins

London, UK – A significant majority of UK businesses are implementing or planning drastic measures, including widespread staff redundancies and stringent cost-cutting, in direct response to the recent increase in employer National Insurance Contributions (NIC). New research reveals the scale of the impact on companies across the nation. According to a comprehensive survey conducted by…

Bank of England Holds Rates at 4.25% Amid Dovish Shift, Signals Path to Cuts

Jackson Reed1 year ago04 mins

LONDON – The Bank of England’s Monetary Policy Committee (MPC) today held its key interest rate steady at 4.25%, a decision widely anticipated by financial markets and economists. Meeting on June 19, 2025, the committee voted 6-3 to maintain the current rate, signaling stability for borrowers and savers after a period of significant tightening. While…