By JESSICA CLARK Updated: 21:50, 27 April 2025 Royal Mail is set to fall into foreign hands this week for the first time in its history. Shareholders have until Wednesday to accept a £3.6bn takeover of the postal service’s owner by Daniel Kretinsky. International Distribution Services (IDS) shocked the City …
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By ALEX BRUMMER FOR THE DAILY MAIL Updated: 17:17 EDT, 22 April 2025 The downgrade to British and global growth in the International Monetary Fund’s World Economic Outlook report will come as no surprise. Donald Trump’s random ‘Liberation Day’ tariffs imposed on April 2, then subsequently watered down, shattered confidence …
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By ALEX BRUMMER FOR THE DAILY MAIL Updated: 04:24 EDT, 16 April 2025 Labour’s dramatic seizure of control over Jingye-owned British Steel was a clear demonstration of inept handling of industrial issues. Emergency parliamentary sittings are best confined to states of war, not a self-created crisis partly caused by a …
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By DAILY MAIL CITY & FINANCE REPORTER Updated: 17:08 EDT, 15 April 2025 Plans to water down second class post will decimate the service and could result in Royal Mail becoming the next victim of a taxpayer bail out, businesses have warned. Watchdog Ofcom’s proposals to cut second-class deliveries to …
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By CALUM MUIRHEAD Updated: 16:50 EDT, 12 April 2025 The Czech tycoon taking over Royal Mail in a controversial debt-fuelled deal has suffered a £3 billion blow after profits plunged at his energy empire. Daniel Kretinsky will this month become the first overseas owner of the postal service in its …
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By ALEX BRUMMER Updated: 16:50 EDT, 11 April 2025 Labour’s light-touch regulation meant Britain, with its free-wheeling City culture, felt the shock waves from the great financial crisis of 2008 more than most. The response of then-prime minister Gordon Brown and an intellectually robust Treasury was impressive. Brown and his …
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A month ago, just one or two more rate cuts were predicted for 2025 By MIKE SHEEN Updated: 04:59 EDT, 9 April 2025 Investors have ramped-up bets on Bank of England interest rate cuts amid growing fears the outbreak of a trade war will weigh heavily on economic growth. Signs …
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As of April 1, 2025, changes to road tax for standard rate vehicles and electric vehicles (EVs) mean that many drivers across the UK will end up paying more to use the roads over the course of the year. The AA has warned that motorists could be subject to paying …
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By ALEX BRUMMER Updated: 16:50 EDT, 6 April 2025 The Trump tariff war is a strong reminder of how critical it is to UK plc to preserve command and control of our economy. The blitz of trade actions from the White House obscured a regulatory filing which will have an impact on …
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By ALEX BRUMMER FOR THE DAILY MAIL Updated: 17:06 EDT, 1 April 2025 The thought of Business Secretary Jonathan Reynolds making a deal with the billionaire hyenas in Donald Trump’s trade and economic team will not fill anyone with confidence. The Labour apparatchik tried to explain, on Radio 4, why …
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