Business

Treasury officials are reportedly concerned about the timing of a revision to UK productivity forecasts by the Office for Budget Responsibility (OBR), as it may complicate fiscal planning. Rachel Reeves could be forced to consider up to £30bn in tax increases or spending reductions for her budget on 26 November

Volkswagen will temporarily halt operations at two of its German facilities due to declining interest in fully electric vehicles. The automaker will suspend production for one week in mid-October in Dresden, as well as at its electric vehicle (EV) factory in Zwickau, which manufactures six EV models for Volkswagen, Audi,

Volkswagen Nears Tariff Agreement with the US as It Targets Affordable Electric Cars in Europe The head of Volkswagen has stated that the company is close to reaching a tariff agreement with the US, while also focusing on the market for reasonably priced electric vehicles in Europe. Europe’s largest

Today’s Highlights - London residents purchasing fewer properties outside the capital, lowest share since 2013 - Shrinking product sizes affect popular confectionery brands - UK regulator faces criticism over alleged rule violations in its promotional activities - New trade secretary Peter Kyle to visit China for discussions this week

UK’s Business Secretary Peter Kyle to Visit China for Trade Discussions The UK’s newly appointed business secretary, Peter Kyle, will travel to China this week as part of ongoing efforts by Prime Minister Keir Starmer’s administration to strengthen economic ties between the two nations. Kyle, previously the

Production Delays Continue at Jaguar Land Rover After Cyber Incident Production at Jaguar Land Rover (JLR) and many of its suppliers will remain suspended at least through this week, with disruptions from a recent cyber incident likely to continue into October. The UK’s largest car manufacturer, owned by India’