Julian Harris

Czech billionaire Daniel Kretinsky has made a series of promises to secure government approval for his £3.6 billion ($4.6 billion) takeover of Britain’s Royal Mail.

Daniel Kretinsky has spent more than a decade building a network of businesses across Europe, from power stations to retail chains and media outlets, with a recent focus on financially distressed assets.

The majority of Britain’s biggest listed companies will together account for less than 3% of the revenue raised by Labour‘s increased payroll tax, Bloomberg analysis shows, despite Prime Minister Keir Starmer’s promise to target “those with the broadest shoulders.”

Let’s go way back to the start of this week. Markets expected the Bank of England to provide an uneventful pre-Christmas update before they go on to cut interest rates at least three times next year.

The pound is down again today, continuing a turbulent week in which borrowing costs have soared amid cynicism over the Labour government’s tax and spending plans.

Chancellor of the Exchequer Rachel Reeves returns to the UK from China on Monday with the Labour Party keen to brush off market turmoil around its fiscal difficulties and emphasize the government’s long-term ambitions.

Chancellor of the Exchequer Rachel Reeves returns to the UK from China on Monday with the Labour Party keen to brush off market turmoil around its fiscal difficulties and emphasize the government's long-term ambitions.

(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves returns to the UK from China on Monday with the Labour Party keen to brush off market turmoil around its fiscal difficulties and emphasize the government's long-term ambitions.

Chancellor of the Exchequer Rachel Reeves has emerged relatively unscathed from a series of high-stakes public tests this week in the UK. Her next challenge will be proving to investors that she can shore up her battered economic agenda.

Confidence in the UK economy sunk lower at the start of the year, according to a survey of consumer sentiment by the British Retail Consortium.