Business & Economy

Published: 09 August 2025. The English Chronicle Desk A former waiter at the prestigious restaurant chain The Ivy has initiated legal proceedings against the company, alleging unfair treatment regarding the distribution of tips and service charges. The dispute centers on the waiter’s claim that he received an unreasonably small share of the £31,600 service charge pot collected at his branch during a single month and was denied transparent information about...

Published: 08 August. The English Chronicle Online A remarkable opportunity has emerged for discerning buyers seeking a unique blend of British naval history and off-grid luxury living. Thorne Island, a Grade II listed 19th-century fort nestled off the coast of Pembrokeshire, Wales, is now on the market for £3 million. This extraordinary private island combines rich heritage with modern comforts, offering a rare chance to own a secluded haven with...

Published: 08 August. The English Chronicle Desk The UK government’s flagship plan to overhaul the non-domiciled (non-dom) tax regime, introduced by Chancellor Rachel Reeves in her first budget, faces mounting uncertainty and possible unintended consequences. Designed to raise billions for the public purse by ending a centuries-old tax loophole, early signs suggest the policy may instead prompt a significant outflow of wealthy individuals, potentially reducing tax revenues and harming the...

Published: 07 August '2025. The English Chronicle Desk  For one young professional, the move from London to Berlin has been more than a change of scenery—it has been a revelation in what life could and should look like for Britain’s overworked, underpaid, and increasingly disillusioned generation. Swapping a cramped Zone 4 studio flat in the capital for a stylish one-bedroom apartment in Berlin’s vibrant Prenzlauer Berg, all while paying the...

Published: 05 August '2025. The English Chronicle Desk Diageo, the world’s leading spirits producer and owner of iconic brands such as Guinness, Johnnie Walker, and Smirnoff, has reported a sharp 28% fall in its annual operating profits. This downturn has been attributed to a combination of internal challenges, shifting consumer habits, and external economic pressures—including a looming $200 million hit from new U.S. tariffs imposed under former President Donald Trump's...

Published: 05 August '2025 | The English Chronicle Desk In an ever-evolving economic climate where financial caution is more important than ever, this week's edition of the award-winning Money newsletter brings a fresh batch of insights to help UK households make the most of their budgets — from coffee cups to child benefit deadlines. In a surprising result from a blind taste test, an own-brand instant Americano has outshone established...

Published: 05 August '2025 | The English Chronicle Online In a historic milestone for the UK space industry, the Civil Aviation Authority (CAA) has officially granted permission for the first vertical rocket launch from British soil by a domestic company. Glasgow-based Skyrora has been authorised to launch its Skylark L rocket from the SaxaVord Spaceport in the Shetland Islands, marking a significant step toward establishing sovereign UK launch capabilities. The...

Published: 04 August '2025. The English Chronicle Desk Former UK Chancellor George Osborne has raised alarm over the United Kingdom’s lagging position in the fast-evolving global cryptocurrency landscape, warning that indecision and regulatory delays could cost the country its competitive edge in the next wave of digital finance. In a strongly worded opinion article for the Financial Times, Osborne, who currently serves as an advisor to the cryptocurrency exchange Coinbase,...

Published: 04 August '2025 | The English Chronicle Desk High street banks in the United Kingdom are witnessing a dramatic shift in customer behaviour, with an estimated £100 billion in savings being redirected toward online challenger banks and building societies. The trend, attributed to more competitive savings rates offered by these digital institutions, reflects a significant erosion in the traditional banks’ dominance. Market share for major high street lenders has...

Published: 03 August '2025. The English Chronicle Online. The chief executive of Yorkshire Water, Nicola Shaw, has come under fire following revelations that she received an additional £1.3 million in undisclosed payments through an offshore parent company, Kelda Holdings, since 2023. This information, initially withheld and only disclosed after persistent media inquiries, has ignited debate over transparency, corporate ethics, and the governance of Britain’s privatized water utilities. Kelda Holdings, a...