The day's news in five stories, every morning and evening. Summarized by AI from trusted sources, so you don't have to read it all.
Sunday, October 25, 2026
Morning edition Business briefing
Listen · 2 min 59 s
UK government to boost social and affordable housing funding
The UK budget will include £1bn for social and affordable housing. This increases the 10-year programme funding to over £40bn.
Why it matters: More funding could help address housing shortages and improve living conditions for many people.
Sources: BBC Business
Phoenix deals revive bust companies but risk failure again
A study finds that insolvent businesses reacquired by previous management in 'pre-pack' deals are more likely to fail again. These deals also tend to pay less to creditors.
Why it matters: This practice, known as phoenixism, raises concerns about how companies are revived and the impact on creditors.
Sources: The Guardian Business
Recruitment firm boss revives business despite £3m debts
Andrew Woosnam's recruitment firm has revived despite £3m in debts, having previously taken millions from his companies. His business was revived through 'phoenix' deals, which studies suggest are more likely to fail.
Why it matters: The situation highlights concerns about the use of phoenix deals in the recruitment industry and the financial risks involved for creditors.
Sources: The Guardian Business
Budget 2026: No more fat to trim for 'squeezed middle'
The chancellor is finalising his first Budget, and the 'squeezed middle' are considering how rising costs are affecting them. The Budget will address the financial pressures faced by middle-income households.
Why it matters: This Budget will influence how middle-income families manage their finances amid increasing costs.
Sources: BBC Business
Emirati-linked firms own more land in Greater Manchester
Emirati-linked companies own 39% more land in Greater Manchester than a decade ago, according to a Guardian analysis. The increase in land titles has raised scrutiny over the city's economic ties.
Why it matters: The growing influence of Emirati-linked firms in Manchester has sparked questions about the city's economic relationships and financial governance.
Sources: The Guardian Business
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