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Survey by global economic forum shows ‘tax wedge’ in Britain increased to 32.4% of income in 2025Business live – latest updatesTaxes on workers in Britain rose at the fastest rate among the world’s richest economies last year, according to the Organisation for Economic Cooperation and Development.With Labour under pressure on the economy amid the Iran war, the OECD said a key measure of the total tax paid by workers and their employers rose by the most in the 38-member club of rich nations in 2025. Continue reading...

CBI figures showing surprise jump in financial sector’s growth will be welcome news for Rachel ReevesBritain’s financial services companies have reported a strong recovery in activity at the start of the year, in a surprise boost to the government after a gloomy end to 2025.Banks, insurers and investment managers said their businesses were growing, with a positive balance of nearly two-thirds noting an expansion, according to a long-running survey by the Confederation of British Industry (CBI), a lobby group. That contrasted with the negative balance of 38% in December, despite the start of the US-Israel war on Iran. Continue reading...

• Commercial property insurer FM Global announced April 2, 2026 that the Financial Times has recognized it as one of The Americas' Fastest-Growing Companies of 2026. • The Johnston, Rhode Island-based insurer joins other leading regional companies on the prestigious FT list recognizing high-growth businesses. • The recognition highlights FM's strong business performance and market position in the competitive commercial property insurance sector.

• Human-driven climate change is lengthening Earth's day by 1.33 milliseconds per century, the fastest rate in 3.6 billion years, due to melting ice redistributing mass toward the equator. • ETH Zurich researchers Mostafa Kiani Shahvandi and Benedikt Soja used foraminifera fossils to confirm this anomalous effect outpaces historical changes, including El Niño winds. • Projections show a 2.62 milliseconds-per-century increase by 2080 under high-emissions scenarios, impacting precise timekeeping in spacecraft, computing, and geodesy instruments.