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Government borrowing costs jump on reports of Reeves dropping income tax rise
Reuters UK government borrowing costs have risen in reaction to reports the chancellor will not increase income tax in the upcoming Budget. The interest rate on 10-year government bonds, known as the yield, jumped to 5.56% from 5.44%, indicating the cost to government if it chose to borrow over this length of time. The jump…
Our biggest competition is screens at home, says theme park boss
Sean FarringtonBusiness presenter and Michael Sheils McNameeBusiness reporter Getty Images The head of global theme park giant Merlin Entertainments says its “biggest competition” is people choosing to stay at home on their phones and other devices. Fiona Eastwood says a day out at one of its UK attractions – which include Legoland, Thorpe Park and…
Government to water down business rate rise for pubs
The government is poised to announce a climbdown on forthcoming increases to the business rates bill faced by pubs. In the coming days the government is expected to say it will make changes to how pubs’ business rates are calculated, resulting in smaller rises to bills. Treasury officials say they have recognised the financial difficulties…
Trump unveils deals to lower US weight-loss drug prices
Danielle KayeBusiness reporter Reuters Zepbound, Eli Lilly’s weight-loss drug, and Wegovy, made by Novo Nordisk US President Donald Trump has announced deals that aim to lower the cost of popular weight-loss drugs, as pharmaceutical prices take centre stage in his administration’s messaging around affordability. Speaking alongside drug executives at the White House, Trump unveiled agreements…
Hotpot, bubble tea and sportswear: Chinas new exports take on the world
The chain’s global reach relies on a strong brand, robust ecosystem, and loyal customer base, according to Zhou. He notes that every overseas market is complex, shaped by different cultures, legal systems, and consumer habits – so localising food, menus, and service is essential.
