See the top stories and tips in UK and international newspapers.
Wednesday 27 Aug 2025
(Sharecast News) - UK companies spent up to £65m last year on licences to export food and agricultural products to the EU - costs that the government is promising to eliminate as part of a new deal to be agreed by 2027. Government figures released on Tuesday showed it issued 328,727 such licences last year, at a cost of between £113 and £200 each. That would put the total cost to business at somewhere between £37m and £65m. - Guardian
Tuesday 26 Aug 2025
(Sharecast News) - Donald Trump has moved to fire the Federal Reserve governor Lisa Cook over allegations she committed mortgage fraud, the latest escalation in the US president's attack on the central bank's independence. Trump wrote to Cook on Monday, telling her that he was removing her from her position "effective immediately" based on the allegation from one of his allies that she had obtained a mortgage on a second home she incorrectly described as her primary residence. - Guardian
Tuesday 26 Aug 2025
(Sharecast News) - Donald Trump has moved to fire the Federal Reserve governor Lisa Cook over allegations she committed mortgage fraud, the latest escalation in the US president's attack on the central bank's independence. Trump wrote to Cook on Monday, telling her that he was removing her from her position "effective immediately" based on the allegation from one of his allies that she had obtained a mortgage on a second home she incorrectly described as her primary residence. - Guardian
Tuesday 26 Aug 2025
(Sharecast News) - Donald Trump has moved to fire the Federal Reserve governor Lisa Cook over allegations she committed mortgage fraud, the latest escalation in the US president's attack on the central bank's independence. Trump wrote to Cook on Monday, telling her that he was removing her from her position "effective immediately" based on the allegation from one of his allies that she had obtained a mortgage on a second home she incorrectly described as her primary residence. - Guardian
Monday 25 Aug 2025
(Sharecast News) - Rachel Reeves' tax-and-spend gamble is driving Britain towards a 1970s-style debt crisis and bailout from the International Monetary Fund, leading economists have warned. They have said the Chancellor's handling of the economy risks a return to the years of high inflation and borrowing that ended with Britain being forced to borrow billions from the International Monetary Fund (IMF) 50 years ago. It came as leading retailers sounded the alarm over the rising cost of taxes and red tape, which is pushing the country into an era of "stagflation". - The Sunday Telegraph
Friday 22 Aug 2025
(Sharecast News) - Elon Musk's company, Tesla, should have its application to supply energy to UK homes blocked on national security grounds, Ed Davey has told ministers. The Liberal Democrat leader argued that giving the electric car manufacturer a foothold in the British energy market would be "a gravely concerning move considering Elon Musk's repeated interference in UK politics". - Guardian
Thursday 21 Aug 2025
(Sharecast News) - Retired women in the UK in effect go four months of the year without a pension when their income is compared with that of men, union leaders have warned. The TUC said the income gap between men and women in retirement was 36.5%, equivalent to a shortfall of £7,600 a year on average. As a percentage this was more than double the gender pay gap, which measures the difference in average earnings from work; it stands at 13.1%. - Guardian
Wednesday 20 Aug 2025
(Sharecast News) - The maker of ChatGPT is on the cusp of becoming the world's most valuable private company. OpenAI is in talks to sell $6bn in shares, which would boost its valuation to $500bn, according to multiple reports. The artificial intelligence startup's stock would be sold to investors by current and former employees. OpenAI has seen exponential growth over the past year. Investors, including Microsoft and SoftBank, have poured at least $40bn into the startup, giving it a valuation of $300bn as of March. Last October, it was valued at $157bn. - Guardian
Tuesday 19 Aug 2025
(Sharecast News) - The Treasury is considering a new tax on the sale of homes worth more than £500,000 as a step towards a radical overhaul of stamp duty and council tax, the Guardian has been told. As the chancellor, Rachel Reeves, prepares the ground for tax rises in this autumn's budget, senior ministers have tasked officials to study how a new "proportional" property tax could be implemented and model its impact before reporting back to ministers, who have been briefed on the proposals. - Guardian
Monday 18 Aug 2025
(Sharecast News) - The bosses of Britain's largest listed companies took home record high pay packets for the third successive year, according to a report. Analysis found that the record set in the last financial year means the average FTSE 100 chief executive is now paid 122 times the salary of the average full-time UK worker. - Guardian
Friday 15 Aug 2025
(Sharecast News) - The National Farmers' Union (NFU) has called for a meeting with Rachel Reeves to discuss changes to Labour's inheritance tax reforms after fresh evidence from tax experts that the planned changes may not achieve their stated goal of removing the incentive for rich people to shelter their wealth from tax by buying up farmland. The chancellor's plan, which comes into force next April, "largely protects family farms whilst limiting claims by the wealthiest estates", according to a report by researchers at the Centre for the Analysis of Taxation (CenTax), which has proposed amendments to the inheritance tax changes. - Guardian
Thursday 14 Aug 2025
(Sharecast News) - The flow of new rental properties coming on to the market has fallen at the fastest rate since the first Covid lockdown five years ago, according to research by Britain's property surveyors. Although the demand for properties is steady, there are fewer new rentals from landlords coming available, the Royal Institution of Chartered Surveyors (Rics) found. - Guardian
Wednesday 13 Aug 2025
(Sharecast News) - The Treasury is looking at ways to raise more money from inheritance tax amid growing pressure on the country's finances ahead of the autumn budget, sources have told the Guardian. Officials have been tasked with examining whether tightening rules on the gifting of money and assets could be one way of addressing a gap between revenue and spending that is estimated to reach more than £40bn. - Guardian
Tuesday 12 Aug 2025
(Sharecast News) - Donald Trump has flagged allowing Nvidia to sell chips in China that are more advanced than currently allowed, in another "deal" that would loosen export restrictions despite deep-seated fears in Washington that Beijing could harness US tech to harm national security. At a briefing on Monday, Trump was questioned over recent revelations that he had struck an unprecedented deal with Nvidia and AMD to grant them export licenses to sell previously banned chips to China, in return for the companies giving the US government 15% of the sales revenue. The US president defended the deal, which analysts have likened to a "shakedown" payment, or unconstitutional export taxes, before adding that he was expecting further negotiations over another, more advanced Nvidia chip. - Guardian
Monday 11 Aug 2025
(Sharecast News) - Rachel Reeves must intervene to assist British retailers by ending an imports tax break that favours Chinese online rivals and rethinking plans for higher levies on large stores, the boss of the DIY chain B&Q has said. The outspoken plea comes as the government faces growing pressure over its management of the economy after the Bank of England said when it cut interest rates on Thursday that tax rises were contributing to rising inflation and unemployment. - Guardian
Sunday 10 Aug 2025
(Sharecast News) - America is finished with financing Ukraine's war against Russia, the US vice-president said in an interview. He was speaking at an emergency gathering with European and Ukrainian officials at Chevening hosted by David Lammy. The day before, seven of Europe's leaders, including Sir Keir Starmer, issued a joint statement highlighting that "the path to peace in Ukraine cannot be decided without Ukraine" and that Kyiv needed security guarantees. - The Sunday Times
Friday 08 Aug 2025
(Sharecast News) - The chancellor and prime minister will begin to prepare the ground for tax rises and reforms from September as part of a strategy to prepare the country for a difficult budget that could be held in November, the Guardian has been told. Although Treasury sources have insisted Rachel Reeves will stick to her pledge not to raise income tax, national insurance or VAT, senior Whitehall sources said that she and Keir Starmer had begun a series of meetings to thrash out the shape of the budget. - Guardian
Thursday 07 Aug 2025
(Sharecast News) - Dozens of countries face higher taxes on their exports to the US now that Donald Trump's latest wave of country-specific tariffs has come into force. The sweeping "reciprocal" levies announced by the White House a week ago - just before a previous 1 August deadline was due to elapse - were in place as of a minute past midnight Washington time on Thursday. - Guardian
Wednesday 06 Aug 2025
(Sharecast News) - Rachel Reeves will need to raise taxes to close a government spending gap that is on course to reach more than £40bn after a slowdown in economic growth and higher-than-expected inflation, according to a leading thinktank. In a blow to Labour's hopes of balancing the books without breaking manifesto commitments ruling out personal tax rises, the National Institute of Economic and Social Research (NIESR) said a number of factors would knock off course the chancellor's plans to stay within Whitehall spending limits. - Guardian
Tuesday 05 Aug 2025
(Sharecast News) - China is urging its electric vehicle industry to stop cutting prices and rein in production amid fears that persistent deflation is imperilling economic growth. In recent months Chinese officials have talked repeatedly of the need to combat "involution" in sectors suffering from overcapacity, such as EVs, referring to the phenomenon of investing more effort and money for diminishing returns. - Guardian
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