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Review launched into how pub and hotel business rates calculated
A review is being launched into the way business rates are calculated for pubs and hotels in England and Wales, and could lead to a reform of the system. The Treasury says business rates expert Jerry Schurder will lead the review into rate valuations and report back in March 2027, with the government calling for…
South Korean workers detained in US raid arrive home
More than 300 South Koreans who were detained in a massive immigration raid at a Hyundai plant in the US state of Georgia have arrived back home. Their return comes as the country’s president and Hyundai’s chief executive have warned about the impact of the raid. A chartered Korean Air jet carrying the workers and…
AI boom could trigger market shocks, Bank of England boss warns
Artificial intelligence (AI) could trigger financial market shocks and the UK needs to be prepared for them, the governor of the Bank of England has warned. Andrew Bailey said the central bank is watching the huge amounts of money being invested in AI “very carefully” and cautioned that “not everybody always wins”. The money that…
Ford boss Lisa Brankin warns against taxing electric cars
Josh Martin,Business reporter and Sean Farrington,Business presenter Barry Cronin Taxes on electric vehicles may put drivers off buying them at a time when demand has “lost momentum”, Ford’s UK boss has warned. It comes after the BBC reported Chancellor Rachel Reeves could be considering new levies on EVs in the upcoming Budget. Ford UK’s managing…
