UK businesses

Britain's finance minister has said that 'fiscal discipline' will form the core of the upcoming budget. The pledge signals the government intends to prioritise responsible management of public finances, and it comes ahead of a budget statement being closely watched by markets, businesses and households for decisions on taxes and spending.

Diesel prices in the United Kingdom have reached record highs, which Reuters attributes to the impact of the war involving Iran. The conflict is driving up fuel costs, affecting motorists and businesses that rely on diesel. No further details were provided in the report.

Speculation is building over whether the UK Labour government will raise capital gains tax in its upcoming Autumn Budget. Investors and savers are watching closely, as an increase could affect returns on shares, property and business sales, and some are considering selling assets early to lock in current rates ahead of any announcement.

The UK Environment Agency has launched a consultation on changes to how environmental rules are enforced, according to a legal analysis by law firm Clyde & Co. The piece examines what the proposals could mean for businesses, particularly those in regulated sectors such as energy, construction and waste, that must comply with environmental permitting and enforcement regimes. Details of the proposed measures and their implications for compliance obligations remain to be set out in full.

The chief executive of UK jewellery retailer Beaverbrooks has called on the government to ease the burden on businesses, saying firms need "a bit of a break". The appeal comes amid ongoing pressure on British retailers from rising costs and is being discussed as part of a wider debate over business taxation and support ahead of the budget.