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Chancellor Rachel Reeves unveiled a £14 billion package of cuts and investments in her spring statement, aiming to restore fiscal credibility and boost long-term productivity. Key measures include welfare changes, increased defense spending, a Whitehall transformation fund, and cuts to overseas aid.

Chancellor Rachel Reeves' 2025 Spring Statement has been met with mixed reactions from business leaders. While some welcomed the £2.2 billion investment in defense and the commitment to digital transformation in the public sector, others expressed disappointment over the lack of support for small and medium-sized enterprises (SMEs) and entrepreneurs.

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, has made a bold move by merging his artificial intelligence venture, xAI, with social media platform X, formerly known as Twitter. This $80 billion deal promises to revolutionize the online experience by combining the power of AI with the real-time engagement of social media.

Apprenticeship and workplace training provider Multiverse saw its sales rise by 29% to £58.4 million for the year ending March 2024, but its losses also deepened, underscoring the high cost of its rapid expansion. The company remains well-funded and optimistic about its future, but must now prove it can translate sales momentum into sustainable profitability.

The UK's £8 billion-a-year R&D tax credit scheme is facing a major shake-up as the government moves to tackle widespread fraud and error while improving accessibility for genuine claimants. The proposed reforms include mandatory pre-approval for R&D claims and increased scrutiny to reduce fraudulent and non-compliant claims.