The taxpayer is expected to lose the majority of its investment in a start-up backed by Jorginho, the Arsenal footballer, which collapsed after it failed to repay a pandemic loan. The company behind Gather, an app that provides access to funds from asset managers including BlackRock, entered administration after it misunderstood the government’s approach to…

Water suppliers are in trouble — three were fined a total of £168 million this week by the regulator Ofwat over sewage spills, and one of them, Thames Water, is £15.2 billion in debt and has been placed in special measures. Some campaigners argue that customers should boycott the wastewater portion of their bill if…

The average pay for FTSE 100 bosses rose to a record of £4.2 million last year. According to an analysis of corporate pay deals by the High Pay Centre, Britain’s top bosses enjoyed an average bump from £4.1 million to £4.2 million in 2023, the highest on record. It makes a FTSE 100 chief executive’s…

Inflation is poised to rise again, weeks after the Bank of England decided to cut interest rates for the first time in more than four years, figures due to be published this week are expected to show. City analysts think that the rate of prices growth rose to 2.3 per cent in July, having held…

A controversial lobby group of international advertisers has been shut down after it was accused by Elon Musk of unlawfully conspiring to boycott X, the social media site formerly known as Twitter. The Global Alliance for Responsible Media, or Garm, a coalition led by the World Federation of Advertisers, was sued by Musk, the billionaire…

Employing more than three million people, retail is the lifeblood of our communities. As retail business and union leaders, we don’t always agree on everything, but on this we do: the No 1 barrier to growth in our industry is the outmoded business rates system. Retail has been transformed over the past ten years, with…