Britain’s biggest business lobby, representing around 190,000 firms
UK households face higher energy costs as lawmakers debate removing levies from bills funding renewables and social schemes. Several sources warn that the change could lower bills but may affect funding for green projects and vulnerable households. Inflation and Middle East tensions are adding pressure, with forecasts suggesting bills will rise despite policy tweaks.
China's official manufacturing PMI has edged into expansion at 50.3 in June from May's 50.0, with improvements in new orders and production. Export demand remains a key engine, while domestic consumption shows caution amid a prolonged property downturn. Analysts expect policy support to sustain momentum.
Andy Burnham has outlined a plan to devolve power away from Whitehall, establishing a No 10 North unit in Manchester to oversee regional reform, housing, transport and economic policy. He has positioned himself as the voice for English regions and signalled potential changes to where key decisions are made.
The government has released June employment data showing payrolls rising by 57,000, far below forecasts, while the unemployment rate edges down to 4.2%. The labor force participation rate has fallen, highlighting a shift in the job market as fewer people are seeking work. Revisions to May and April data point to a softer hiring pace than previously thought.
Progressive economists have written to Unite’s Sharon Graham opposing Miliband’s plan to expand North Sea oil and gas while Labour braces for Burnham’s leadership and a reshuffle of the Treasury. The debate centers on jobs, net zero and national security as ministers promise business‑as‑usual in the crisis week.
UK service activity has contracted in June while manufacturing continues to expand, signaling a mixed momentum for the economy. Analysts warn growth remains weak into the second half as energy costs and geopolitical tensions weigh on demand.
The UK has sealed a 5.2 billion-pound services trade deal with Switzerland, scrapping roaming charges and putting a 90-day services mobility provision on a permanent footing. E-gates will speed border checks for UK travellers, while pharmaceutical protections are maintained. The agreement is described as a landmark for UK services and follows a string of deals with key partners.
The Real Rates Reform Alliance has launched a plan to replace the current business rates system with a two-tier approach that taxes online sales at 2% and lowers rates for bricks-and-mortar firms. The proposal would raise overall revenue while delivering relief to traditional retailers and high streets, as UK leaders debate a broader reform of business taxation.
Independent sources report Octopus Energy is pressing the incoming UK prime minister to reform the electricity market. The company says reform could save households up to £114 a year and cut billions in costs by 2050, with further savings if levies are moved to general taxation. Reform also faces a two-year timeline and potential gains for wind, batteries and interconnectors.
The No 10 North operation in Manchester is expanding to bring devolution and local growth decisions closer to postcodes across the country. Burnham chairs the NEC from Manchester, with regional mayors and business leaders involved as scrutiny grows over costs and reach.
A block of UK indicators shows services activity expanding and consumer confidence firming, while manufacturing remains modest. PMI readings point to continued growth in Q3, supported by tech investment and exports, though inflation and public finances remain a risk.