Mpac Group, a UK-based packaging automation company, has issued a profit warning after being hit by a sharp decline in U.S. orders, which it attributed to recently imposed American tariffs. The company said the disruption has significantly impacted its revenue outlook and will prompt a major restructuring of its North[Read More…]

The European Union has rejected Britain’s attempt to join a key European trade agreement, undermining the UK’s efforts to simplify trade arrangements in the aftermath of Brexit. The UK government had applied to join the Pan-Euro-Mediterranean (PEM) convention, a network of countries that enjoy reduced tariffs through harmonized rules-of-origin protocols.[Read More…]

Millions of UK households will see a slight drop in their energy bills starting this month, offering modest relief from the high costs that have burdened consumers over the past two years. The energy price cap, set by Ofgem, has been reduced to £1,568 per year for a typical dual-fuel[Read More…]

The UK economy grew by 0.7 percent in the first quarter of 2025, marking its strongest performance in a year and placing the country at the top of the G7 growth rankings. The rebound was driven largely by the manufacturing and services sectors, which saw a boost from strong domestic[Read More…]

Ofgem has approved a landmark £24 billion investment into the UK’s electricity transmission networks, a move aimed at modernizing the country’s energy infrastructure and supporting the transition to a net-zero future. The funding, which forms part of the broader RIIO-2 regulatory framework running from 2021 to 2026, is set to[Read More…]

The UK government has called for an urgent investigation into the sudden insolvency of the Lindsey Oil Refinery, one of the country’s key fuel processing facilities. Located in North Lincolnshire, the refinery ceased operations after its operator, Prax Group, filed for insolvency, sending shockwaves through the energy sector and prompting[Read More…]

The UK is facing renewed pressure on food prices as prolonged dry weather disrupts crop yields and squeezes supply chains, fueling a fresh wave of inflation across key grocery items. Farmers and food industry leaders are warning that months of unusually low rainfall have left fields parched, stunted crop growth,[Read More…]

Business investment in the UK grew solidly in the first quarter of 2025, though revised figures released by the Office for National Statistics (ONS) show that the initial surge was more tempered than previously reported. Investment rose by 3.9% between January and March, a downward revision from the earlier estimate[Read More…]

A new trade agreement between the UK and the United States has come into effect, delivering immediate tariff reductions that offer a significant boost to the UK’s automotive and aerospace industries. Announced on 30 June 2025, the deal marks a tangible step in strengthening economic ties between the two countries,[Read More…]

Despite recording the fastest economic growth among G7 nations in the first quarter of 2025, UK households are facing growing financial strain, according to the latest data from the Office for National Statistics. While the economy expanded by 0.7% between January and March, the strongest quarterly performance in over a[Read More…]