Business

Online trading has transformed how investors access global markets. What once required brokers and large capital can now be done instantly from a laptop or phone. From crypto to forex, traders today expect speed, flexibility, and control.

As more platforms enter the space, the focus has shifted toward performance and reliability. This is where UKX Capital is starting to gain attention among UK-based traders.

What Is UKX Capital

UKX Capital is a multi-asset trading platform offering access to cryptocurrencies, forex, indices, and commodities. It’s built around fast execution and a simplified interface, aiming to support traders who want quick access to market opportunities without unnecessary complexity.

Range of Markets

The platform provides a solid mix of trading options:

Cryptocurrencies (Bitcoin, Ethereum, altcoins)
Forex pairs
Indices
Commodities

This allows users to diversify strategies while staying within one ecosystem.

Score: 9/10

Deposits and Withdrawals

UKX Capital focuses on making transactions smooth and efficient. Traders can expect:

Straightforward deposit process
Reasonably fast withdrawals
Multiple payment options (depending on region)

Consistency in processing adds to overall trust in the platform.

Score: 8.8/10

Mobile Trading

Mobile trading is a key strength. The platform offers:

Full functionality on mobile devices
Real-time charting and execution
Smooth navigation without lag

This makes it easy to stay connected to the markets at all times.

Score: 9.2/10

Fees

Fees are competitive compared to many modern platforms. While exact structures may vary, the focus is on:

Tight spreads
Transparent pricing
No unnecessary hidden charges

This is particularly important for active traders who execute frequently.

Score: 8.7/10

Trading Platform

The platform itself is designed for efficiency:

Clean and intuitive layout
Fast order execution
Easy switching between assets

It avoids clutter, which helps traders focus on decision-making rather than navigation.

Score: 9.1/10

Education

Educational resources are available but not the main focus. Users will find:

Basic guides and onboarding support
Limited advanced learning materials

This suggests the platform is more suited for users who already understand trading fundamentals.

Score: 8.5/10

Security

Security plays an important role in building trust. UKX Capital emphasizes:

Secure account management
Data protection measures
Reliable platform infrastructure

While details may vary, the overall setup aims to provide a safe trading environment.

Score: 9/10

Support

Customer support is accessible and responsive:

Assistance for account and trading issues
Multiple contact options
Reasonable response times

There is still room for faster response in peak periods.

Score: 8.6/10

Bottom Line

UKX Capital positions itself as a modern trading platform focused on speed, simplicity, and crypto accessibility. It performs strongly across key areas like execution, mobile trading, and market range.

While it may not offer deep educational content, it compensates with a streamlined experience that suits active traders.

Overall Score: 9/10

FAQ

Is UKX Capital suitable for UK traders?

Yes, it offers features and market access that align well with UK-based investors.

Can I trade crypto on UKX Capital?

Yes, crypto is a major part of the platform alongside other assets.

Are fees competitive?

Yes, fees are generally competitive with a focus on transparency.

Does it support mobile trading?

Yes, the mobile experience is one of its strongest features.

Is UKX Capital beginner-friendly?

It’s more suitable for traders who already have basic knowledge of trading.

Read more:
UKX Capital Review: In-Depth Look at the Platform

Nathan Weingarten is known for his disciplined mindset and consistent approach to personal and professional growth. Born in New Jersey and raised as the youngest in his family, he developed a strong sense of observation and curiosity early on. These traits would later shape how he approaches challenges and opportunities.

He pursued his education in New York City, where he built a structured way of thinking and a focus on long-term progress. Over time, Nathan developed a reputation for staying grounded, focused, and analytical in his work. Rather than chasing short-term results, he prioritises steady improvement and clear decision-making.

Nathan’s career is centred in software development, where he works on building scalable systems, improving application performance, and designing reliable backend architectures. He approaches engineering with a methodical mindset, often breaking down complex technical problems into simple, manageable components. This ability has made him effective in fast-paced development environments where clarity and precision matter.

“I’ve always believed that doing the basics well, over and over, creates real progress,” he says.

Outside of his professional life, Nathan maintains an active lifestyle. He enjoys tennis, cycling, padel, and swimming, using these activities to stay balanced and energised. He is also an avid reader and traveller, constantly seeking new perspectives.

Nathan supports charitable efforts in both the United States and Israel. He believes that long-term success is not just about personal achievement, but also about contributing to a wider community.

Nathan Weingarten on Discipline, Growth, and Staying Focused

Q: Let’s start from the beginning. What shaped your early mindset?

I became interested early on in how systems work and how people solve problems. That curiosity stayed with me and eventually led me toward software development, where structured thinking and problem-solving are essential.

Q: How did your time in New York City influence you?

New York gave me structure and intensity. It’s a place where you have to stay focused because everything moves quickly. That environment taught me how to prioritise, manage time effectively, and stay clear under pressure. Those lessons translate directly into how I approach engineering work.

Q: What would you say defines your approach to your career?

Consistency. In software development, results come from repetition and refinement. I focus on building things properly, step by step, rather than rushing outcomes. I also prioritise simplicity, especially when solving complex engineering problems.

Q: Many people struggle with distractions. How do you stay focused?

It’s about being intentional with attention. In technology, there is constant noise, new frameworks, tools, and trends. I try to stay focused on what actually improves system quality and long-term stability rather than reacting to everything new.

Q: You often speak about long-term thinking. Why is that important?

Because in software development, short-term decisions often lead to technical debt. Long-term thinking helps you design systems that scale, remain maintainable, and reduce future issues. It leads to better engineering outcomes.

Q: What role do habits play in your daily life?

Habits create structure. Staying active with tennis, cycling, and padel helps maintain balance and mental clarity. I also read regularly, including technical material, which supports continuous learning and growth in software development.

Q: How has travel influenced your perspective?

Travel exposes you to different approaches to problem-solving and system design. It helps you see how varied environments handle efficiency, structure, and communication, which is useful when thinking about software systems at scale.

Q: What challenges have helped shape your growth?

One of the biggest challenges is patience in development work. Software rarely works perfectly on the first attempt. Iteration, debugging, and refinement are part of the process. Staying consistent through that cycle is where real improvement happens.

Q: How do you define leadership?

In software development, leadership is demonstrated through technical clarity and consistency. It’s about setting standards through your own work, writing clean and maintainable code, and helping others do the same.

Q: You’re also involved in charitable efforts. Why is that important to you?

It provides perspective. While software development is highly technical and focused, it’s important to stay connected to broader communities and contribute in meaningful ways beyond work.

Q: What advice would you give to someone trying to improve their focus?

Keep it simple. Focus on fundamentals in both life and engineering. Avoid overcomplicating problems. Consistent improvement over time matters more than intensity or speed.

Q: Final question. What continues to drive you?

Building better systems. In software development, there is always something that can be improved, refined, or simplified. That ongoing process of improvement is what keeps me motivated.

 

Read more:
Nathan Weingarten Discusses Consistency and Long-Term Thinking

Frederick Cortez Lee Jr is an American entrepreneur and founder of Debt Elimination Group, Inc., a company he launched in 1998 in Fayetteville, North Carolina. His career has been shaped by a clear focus on helping families improve their financial position through education rather than traditional sales tactics.

Lee began building his business with a simple idea. Teach people how to become debt free faster. Over time, that idea turned into a scalable model. The company expanded from its early base in Georgia to more than 32 states, driven almost entirely by word of mouth.

Between 2005 and 2007, Debt Elimination Group funded over $1.3 billion in loan volume in just 30 months. During that same period, the company supported more than 3,400 clients, with no reported foreclosures or defaults. This track record helped establish Lee as a disciplined operator in a complex industry.

He is also known for building high-performing teams. Under his leadership, dozens of team members reached strong income milestones, reflecting his focus on opportunity and development. His philosophy centres on effort, mindset, and consistency rather than background or formal education.

Lee’s approach is rooted in values. He prioritises integrity, service to military and underserved communities, and a belief that anyone can succeed with the right drive. Over time, he shifted the business into a boutique financial services marketing firm, adapting to changes in the industry.

Today, he is recognised for combining practical strategy with a people-first leadership style.

Interview: Frederick Cortez Lee Jr on Building a Business Through Education and Resilience

Frederick Cortez Lee Jr has built a career around solving real problems for real people. From his early days in Fayetteville to scaling a multi-state operation, his story reflects persistence, discipline, and a strong belief in doing things the right way. In this conversation, he shares insights from his journey.

Q: Let’s start at the beginning. What led you to start Debt Elimination Group in 1998?

I saw a major problem in my community. Families were struggling with debt and did not have a clear path forward. I believed there was a better way. Instead of selling products, I wanted to teach concepts. That was the foundation. If people understood the strategy, they could change their situation.

Q: You built the company without traditional advertising. How did that work?

We focused on results and relationships. When you help someone solve a real problem, they tell others. That is how we grew. We started in Georgia and expanded into over 32 states through referrals alone. It created a strong sense of trust in what we were doing.

Q: The period from 2005 to 2007 stands out. What was happening during those years?

That was a defining time. In about 30 months, we funded over $1.3 billion in loan volume and helped more than 3,400 clients. What I am most proud of is that none of those clients went into foreclosure or default. That told me the system we built was working.

Q: You also developed a high-performing team. What was your approach to leadership?

I believed in giving people a real opportunity. It did not matter where they came from or their education. If they had the will to win, they could succeed. We had team members earning at all levels, from $50,000 to over $1 million. That came from training, structure, and belief.

Q: You faced challenges early on. How did you navigate them?

I lacked experience in several areas, including finance, marketing, and technology. But I leaned on what my father taught me. Be honest. Work hard. Do right by people. Those principles helped me push through obstacles and stay focused.

Q: Your background includes growing up in East St. Louis. How did that shape your mindset?

I was told many times that people like me do not win in business. That you are not smart enough or do not have the right background. I used that as motivation. I focused on doing the right things consistently. Over time, the results spoke for themselves.

Q: What role did mentorship and influence play in your journey?

A big role. My father was a major influence. I also looked up to leaders like Sandy Weill and Jamie Dimon. Motivational figures like Les Brown helped shape my mindset. And I had strong support from people around me who believed in the vision.

Q: How did you manage growth as the business expanded?

We relied on structure and measurement. I used KPI trackers to stay on top of performance. We focused on finding the right people and building a niche in the market. It was about being disciplined and consistent.

Q: What keeps you motivated today?

Seeing others succeed. When people around you reach their goals, it means the system works. That is what I look back on the most. It is not just about personal success. It is about what you help others achieve.

Q: How would you describe your leadership style now?

I see myself as a servant leader. You put your team and the families you serve first. If you stay focused on that, the business will take care of itself. I also try to stay humble. That is important no matter how far you go.

Read more:
Frederick Cortez Lee Jr: From East St. Louis to Multi-State Business Leadership

WillowAce is a modern apparel brand that has built its reputation by challenging long-standing pricing norms in the premium sock market.

The brand began with a simple realisation: high-quality Alpaca wool socks were being sold at inflated prices, often driven more by branding than by material differences.

“We saw people paying $30 to $50 for socks,” WillowAce notes. “Not because they were better, but because of markup.”

Instead of following that model, WillowAce took a different path. It focused on delivering the same premium Alpaca wool blend while cutting unnecessary costs. This allowed the brand to offer its products at a significantly lower price point, without compromising on quality or durability.

Over time, WillowAce has positioned itself as a leader in value-driven apparel. Its approach combines practical material benefits, such as temperature regulation and moisture control, with a strong emphasis on transparency. The introduction of a 200-day guarantee, more than double the industry norm, reflects its confidence in long-term product performance.

“That guarantee is about trust, it shows we stand behind what we make.”

WillowAce has also gained attention for its scalable pricing strategies, including its “Buy 2, Get 2 Free” model. This has helped broaden access to premium materials for a wider audience.

Today, WillowAce is recognised for redefining what “premium” means. It continues to advocate for smarter consumer choices, while proving that comfort, durability, and fair pricing can exist together.

Interview: WillowAce on Redefining Value in Apparel

Q&A with WillowAce

Q: What first led to the creation of WillowAce?

A: It started with frustration. We were looking at the market for Alpaca wool socks and saw prices sitting between $30 and $50. That felt excessive. When we looked closer, it became clear that a lot of that cost came from branding and markup, not from a big difference in product quality. We realised there was room to do things differently.

Q: What was your approach in those early stages?

A: The goal was simple. Keep the quality high, but remove unnecessary costs. We focused on sourcing the same premium Alpaca wool blend and building a product that could compete on performance. At the same time, we looked closely at pricing structures. That’s where we saw the biggest opportunity.

Q: Why focus on Alpaca wool specifically?

A: It’s a very practical material. It regulates temperature well, so it works in both warm and cold conditions. It also wicks moisture and resists odour. Those are everyday benefits. We weren’t interested in using it as a luxury label. We wanted it to be functional and accessible.

Q: Pricing seems central to your identity. How did you land on your model?

A: We asked ourselves what a fair price actually looks like. If we could make the same product and sell it for around $14.99 instead of $30, why wouldn’t we? From there, we introduced the “Buy 2, Get 2 Free” model. That was a turning point. It showed that we could scale while still offering real value.

Q: What role does your 200-day guarantee play in your strategy?

A: It’s about confidence. Most brands offer 30 to 99 days. We doubled that because we believe in the durability of the product. It also removes risk for the customer. If something doesn’t hold up, they have time to see that for themselves.

Q: How have customers responded so far?

A: The feedback has been consistent. People talk about the softness, the durability, and the price. A lot of them say they feel like they found a smarter option. That’s important to us. We want people to feel like they made a rational choice.

Q: Do you see changes happening in the apparel industry overall?

A: Yes, definitely. Consumers are becoming more aware. They are asking questions about materials and pricing. They are comparing more. That shift is creating space for brands that focus on transparency.

Q: What do you think most consumers misunderstand about pricing?

A: Many assume that a higher price always means better quality. That’s not always true. There are often layers of markup that have nothing to do with the product itself. Once people start to see that, their buying habits change.

Q: What does the name WillowAce represent?

A: It reflects what we stand for. “Willow” represents natural comfort and flexibility. “Ace” represents top-tier quality and value. It’s about balance. We want to offer something that performs well without being overpriced.

Q: How do you define success for WillowAce moving forward?

A: Being recognised as the smart choice. If people think of us when they want quality without overpaying, that’s success. We are not trying to be the most expensive brand. We are trying to be the most sensible one.

Read more:
WillowAce: A New Standard in Everyday Comfort

Gold has maintained its position as a globally recognised store of value, even as financial markets have evolved significantly.

Unlike traditional investments such as equities or bonds, gold does not rely on earnings, dividends, or interest payments. Instead, its value is shaped by macroeconomic forces, including inflation, monetary policy, and investor confidence.

In an environment where financial conditions are becoming increasingly complex, gold is being reassessed not just as a defensive asset, but as a core component of long-term portfolio construction.

Accessing Gold in Modern Markets

One of the key developments in recent years has been the increasing accessibility of gold as an investment. Historically, physical ownership required significant capital, along with secure storage and insurance arrangements.

Today, investors can access physical gold more easily through providers such as Commonwealth Vault, which offers secure storage and direct ownership structures. This allows investors to hold allocated gold outside of traditional banking systems while maintaining full ownership. More information on how this works can be found at 

For those looking to invest in gold more directly, the ability to buy gold online has expanded significantly. Investors can now purchase a range of bullion products, including bars and coins, with varying sizes and price points. A selection of physical gold options can be explored here: 

These developments have broadened access to gold and made it easier to incorporate into a diversified portfolio.

Gold and Economic Cycles

Gold’s performance is closely linked to economic cycles, particularly periods of uncertainty or monetary expansion.

Following the Global Financial Crisis, gold prices more than doubled as central banks introduced large-scale stimulus measures. This increase in liquidity, combined with declining real interest rates, created a favourable environment for gold.

A similar pattern emerged during the COVID-19 pandemic. As governments and central banks responded with unprecedented fiscal and monetary support, gold reached record highs above USD 2,000 per ounce.

These examples highlight a consistent trend. When confidence in financial systems is tested, demand for gold tends to increase.

Inflation Protection Over Time

Gold has long been viewed as a hedge against inflation, although its effectiveness can vary in the short term. Over longer periods, however, it has demonstrated a strong ability to preserve purchasing power.

Since 1971, when the United States moved away from the gold standard under Richard Nixon, gold has delivered average annual returns of around 10 percent, according to the World Gold Council.

During the same period, inflation has significantly reduced the value of fiat currencies. Data from the U.S. Bureau of Labor Statistics shows that cumulative inflation has exceeded 600 percent.

This long-term dynamic reinforces gold’s role as a store of value, particularly in environments where monetary expansion is persistent.

Portfolio Stability and Risk Reduction

Gold’s diversification benefits are well established. It has historically exhibited low correlation with both equities and fixed income assets, making it an effective tool for reducing portfolio volatility.

During periods of market stress, gold often behaves differently from traditional assets. For example, during the sharp market decline in early 2020, the S&P 500 experienced significant losses, while gold recovered quickly and finished the year strongly.

This ability to perform independently of other asset classes is particularly valuable in the current environment, where traditional diversification strategies are being challenged.

Allocating a portion of a portfolio to gold can help reduce downside risk without significantly limiting long-term returns.

Structural Demand Trends

Gold demand is supported by both institutional and consumer activity, creating a strong underlying foundation for the market.

Central banks have been increasing their gold reserves in recent years as part of broader diversification strategies. According to the World Gold Council, central bank purchases exceeded 1,000 tonnes in 2022, the highest level on record.

At the same time, consumer demand remains strong, particularly in countries such as China and India. In these markets, gold serves both as a form of wealth preservation and a culturally significant asset.

Supply, however, remains relatively constrained. Annual gold production increases at a modest pace, and new discoveries are becoming less frequent. This imbalance between supply and demand provides long-term support for gold prices.

Risks and Market Sensitivity

While gold offers several benefits, it is not without risk.

Its performance is influenced by factors such as interest rates, currency movements, and investor sentiment. Periods of rising real interest rates can reduce demand for gold, as higher yields make income-generating assets more attractive.

A strengthening US dollar can also act as a headwind, as gold is priced globally in US dollars.

Short-term price movements can be volatile, particularly in response to economic data releases or changes in central bank policy. However, these fluctuations are typically part of broader market cycles.

Over longer time horizons, gold has maintained its role as a stabilising asset.

Outlook for Gold

The global economic outlook remains uncertain. Debt levels are elevated, inflation remains a concern, and central banks are navigating complex policy decisions.

According to the International Monetary Fund, global public debt continues to exceed 90 percent of GDP, limiting the flexibility of monetary policy.

In this context, assets that are not directly tied to financial systems or currencies become increasingly relevant.

Gold’s independence from these systems is one of its defining characteristics. It does not rely on the performance of any single economy or institution, making it a valuable component of a diversified portfolio.

Gold continues to serve as a core asset within modern investment strategies.

Its long-term performance, combined with strong demand and limited supply growth, supports its role as a store of value and a diversification tool.As global conditions evolve, gold remains a practical option for investors seeking stability, resilience, and long-term value preservation.

Read more:
Investing in Gold: Why It Remains a Core Asset in a Changing Market

Digital agencies are under more pressure than ever. Clients expect faster turnaround, higher-quality output, and consistent content across multiple platforms. At the same time, agencies are expected to manage costs, streamline workflows, and deliver measurable results.

Balancing all of this is not easy.

That’s where Higgsfield AI and Seedance 2.0 are starting to attract attention. Instead of simply offering faster video generation, they align with how agencies actually operate, where efficiency, scalability, and consistency all matter at once.

Increasing Demand from Clients

Client expectations have changed significantly. A single campaign is no longer enough. Agencies are expected to deliver multiple creatives, tailored formats, and continuous content updates.

This creates a growing workload.

Agencies often need to produce variations of the same idea for different platforms, audiences, and campaign phases. Traditional workflows can struggle to keep up with this level of demand.

Seedance 2.0 helps agencies respond to this shift by allowing them to generate structured video content more quickly, without increasing production complexity.

B2B Adoption Across Agency Workflows

B2B adoption becomes more visible when tools start fitting naturally into existing agency systems.

Agencies are not just looking for creative tools. They need solutions that support collaboration, consistency, and client delivery at scale.

Seedance 2.0 fits into this requirement by simplifying how video content is produced. It reduces the number of steps involved and allows teams to move from concept to output more efficiently.

Inside Higgsfield AI, this becomes even more practical. Teams can manage multiple client projects within a single workspace, which improves coordination.

Faster Delivery Without Compromising Quality

Speed is critical in agency work. Deadlines are often tight, and delays can affect client relationships.

However, speed should not come at the cost of quality.

Seedance 2.0 allows agencies to generate multi-shot video with consistent structure, which helps maintain quality even when working quickly. This balance is important for delivering reliable results.

Higgsfield AI supports this with tools like Cinema Studio 3.0 and Motion Control, allowing teams to refine outputs without slowing down production.

For agencies looking to improve delivery efficiency, team productivity strategies highlight how streamlined workflows improve performance.

Managing Multiple Clients and Campaigns

Agencies often handle multiple clients at the same time. Each client has different requirements, timelines, and expectations.

Managing this complexity can be challenging. Seedance 2.0 helps by simplifying the production process. With fewer steps involved, teams can handle more projects without increasing workload.

This makes it easier to manage multiple campaigns simultaneously. Within Higgsfield AI, this becomes more structured. Projects can be organized and refined within the same workspace, reducing the need for switching between tools.

Consistency Across Client Deliverables

Consistency is a key requirement for agencies. Clients expect content to align with their brand identity across all outputs.

Maintaining this consistency manually can take time. Seedance 2.0 helps maintain alignment by ensuring that characters, visuals, and structure remain consistent across videos. This makes it easier to deliver cohesive content for clients.

Higgsfield AI adds further control, allowing agencies to refine visual elements while keeping outputs aligned.

Consistency is essential for brand trust. Resources like brand consistency explain how aligned content improves client perception.

Reducing Production Costs

Traditional video production can be expensive. Equipment, locations, editing, and team resources all add to the cost.

For agencies managing multiple clients, these costs can grow quickly. Seedance 2.0 reduces production costs by simplifying the process. Much of the work that would normally require separate stages can be handled within a single generation.

This allows agencies to produce more content without increasing budgets.

Supporting Creative Experimentation

Agencies often need to test different creative approaches. Campaign success can depend on small changes in visuals or messaging.

Traditional workflows can make experimentation slow. Seedance 2.0 allows agencies to generate variations quickly, making it easier to test ideas and refine campaigns. This supports better decision-making and improved results.

Creative flexibility becomes easier to manage when changes do not require restarting the entire process.

Adapting Content for Different Platforms

Clients expect content to perform well across multiple platforms. Each platform has its own format and audience expectations.

Adapting content manually can take time. Seedance 2.0 simplifies this by allowing variations to be generated quickly. Inputs can be adjusted to create different versions of the same content.

This helps agencies deliver platform-specific content more efficiently. Higgsfield AI supports this with additional tools like Soul 2.0 and one-click apps such as UGC Factory and Face Swap, which help create supporting visuals.

Improving Team Collaboration

Agency workflows require multiple team members, such as designers, strategists and content creators.

Collaboration can become complicated when workflows require different instruments and steps.

Seedance 2.0 simplifies the process by making production simpler. Higgsfield AI enhances collaboration through real-time interactions, which allows teams to look over and improve content in tandem. This increases communication and decreases delay.

Scaling Without Increasing Complexity

Growth is essential for agencies, but growing operations can pose problems. A greater number of clients and projects typically create more complications.

To manage this complexity, you need efficient systems.

Seedance 2.0 supports scalability by permitting agencies to handle greater output with less the amount of work. This makes growth easier to manage.

It allows agencies to grow their services without radically raising operational costs.

Conclusion

Digital agencies require tools that match how they function. Scalability, consistency, speed and collaboration are important.

Seedance 2.0 is being considered due to its ability to address these issues in a practical and efficient manner. It streamlines the process of making videos and can handle high-volume output and ensures quality across different projects.

If used in conjunction with Higgsfield AI, it becomes part of a process that encourages efficiency as well as creativity.

If you are a company who wants to enhance the way they provide content and manage their operations, Seedance 2.0 offers a robust and flexible solution.

Read more:
Why Seedance 2.0 Is Being Considered by Digital Agencies

Tomorrow is May Day, and somewhere in the middle of the country, a married couple in their early forties is opening up a small bakery for the third Friday in succession on which they have not, between them, drawn a salary.

They started the business in 2022. They re-mortgaged the house. They missed two of their daughter’s school plays last term, including the one where she had a line. They have not, for nineteen months, taken a day off. They are, on the official ONS labour-market classification, “self-employed”, which is to say they are not, technically, considered workers at all.

I would like, on this particular May Day, to suggest that they are.

There is a particular sleight-of-hand in British political language that has, over the last fifty years or so, produced an increasingly narrow definition of the word “worker”. A worker, in current usage, is someone who is paid by an employer in return for doing a job, ideally with a contract, a payslip, and a pension contribution. The “workers’ movement”, in modern parlance, is the political and industrial movement representing exactly that figure. Anyone outside the definition is, by implication, something else, an entrepreneur, an investor, a self-employed person, a small-business owner, a family-firm founder. They get other ministries, other sympathies, other adjectives. They do not, on the whole, get celebrated on May Day.

This is, frankly, ridiculous. The bakery couple work, on the broad numbers, more hours than any of their employees. They take home, on average, less per hour than their employees. They have less holiday, less protection, less pension, less sick pay, less of everything. Their economic risk is total. Their political clout is somewhere between negligible and non-existent. Their public image, in much of British political discourse, is closer to that of the tax-avoiding non-dom than that of the sympathetic NHS porter, which is, when you actually meet either, a perfect inversion of reality.

There are, by the latest ONS estimate, just over 4.3 million self-employed workers in the UK. Of those, around 600,000 run businesses with employees of their own. They collectively contribute approximately £303 billion to UK GDP, which is more than the entire UK financial-services sector. They pay corporation tax, dividend tax, capital gains tax, employer NICs, business rates, VAT, and insurance premium tax. They keep more than three million Britons in PAYE jobs. They are, in any meaningful definition, the productive backbone of the country.

And, for at least the last decade, they have been treated by every successive UK administration with a mixture of mild benign neglect and occasional, almost incidental, cruelty. IR35 was a cruelty. Making Tax Digital is a cruelty. The narrowing of business property relief on inheritance tax has been a cruelty. The withdrawal of various small expenses and reliefs has been a cruelty. None of these things has been done because anyone in Whitehall actively dislikes the small-business owner; it is rather that, in the present political configuration, the small-business owner is too small to matter, too dispersed to organise, and too busy to march. The civil servants drafting the SI get the headline figures right, and the headline figures, individually, are small.

May Day, in its original conception, was a workers’ holiday, but, as anyone with any knowledge of the period will tell you, the “workers” it commemorated were not, exclusively, the wage-labour pay-packet figure of present-day usage. They were the broader productive class: artisans, shopkeepers, mechanics, makers, the journeymen in the literal sense who worked with their own tools to produce something useful. A baker in Walsall, in 2026, getting up at 4am to mix the dough, fits that older definition perfectly. The fact that she has, technically, incorporated herself as a private limited company should not, surely, exclude her from the holiday.

I do not, please understand, wish to undermine the more familiar version of May Day. The march, the bunting, the speeches, the flag, they are part of a recognisable British political tradition that I rather enjoy. I just would like, this year, to make a small modest plea for the inclusion in it of the people whose labour is no less skilled, no less hard-won, no less honest, and considerably less protected, than the labour the day was originally meant to celebrate.

So if you are in the bakery this morning, or the small workshop, or the family-run pub, or the consultancy that lives at the kitchen table, or the farm that has been in your name for thirty years, happy May Day. The country is, despite the available evidence, better off because of you. Take five minutes off, if you can. Drink a coffee. Watch the bunting. And, before you go back to it, remember that whatever the textbook says, and whatever the marching song goes, the work you do is, exactly, work.

Read more:
On May Day, spare a thought for the workers who took the risk and built the bloody company

There is a particular kind of dinner I have, every couple of months, in a particular kind of place, a Soho members’ club that lets you bring more than three people without an interrogation, in this case, with a particular kind of British technology founder.

He is, by his late thirties, on his third successful company. He has, between them, raised something north of £180 million in venture capital. He has, currently, about 220 employees in London, with another fifty due to be hired in the coming twelve months. He has, last week, sold a further $40 million tranche of his Series C to two American funds.

And he has, somewhere between his second and third glass of red, told me that he is moving the company’s headquarters to New York. Not on principle. Not on tax. Not on regulation. Not even, despite the obvious temptation in this column, on the Chancellor. He is moving because the next $200 million he needs, in 18 months, is in New York, and the practical day-to-day life of a CEO in a series of monthly trips to a city eight time zones from his children is, frankly, too painful. So he is moving the family. The London office will remain. It will, over time, get smaller. A version of this conversation has happened, by my count, with at least twelve British founders I know personally in the last two years.

Britain does not, in 2026, have a start-up problem. We start-up exquisitely. We have, by any international comparison, more new technology businesses per capita than nearly any other developed economy. Cambridge is, on its own, one of the great clusters of the world. London’s software and fintech ecosystems are deeper than Berlin’s, deeper than Paris’s, comparable to New York’s on most measures, with a couple of exceptions. We have brilliant universities, a working tax-incentive regime in EIS, a meaningful angel community, and a steady flow of seed and Series A capital.

What we have is a stay-at-home problem.

The numbers are visible if anyone bothers to look. UK technology IPOs, by listed value, are running at less than 12 per cent of US listings adjusted for relative GDP. UK Series C and onwards rounds are dominated, by deal count, by American lead investors. The proportion of UK technology companies founded in 2018 that have, by 2025, relocated their corporate domicile overseas, to the US, to Delaware, to Ireland, to Singapore, is now over 22 per cent. The proportion of all UK-founded unicorns that listed on the New York Stock Exchange or Nasdaq, rather than the London Stock Exchange, is over 80 per cent for the last decade. Eighty.

Why? It is not, despite the City lobbying, primarily a tax problem. American capital gains rates are not, in any meaningful sense, more friendly to founders than British rates. It is not, despite a great deal of Treasury-led discussion, a corporate-tax problem. The US corporate tax rate, when you blend federal and state, is comparable. It is not, despite the political mood music, a regulatory problem in the technology sectors that matter, the FCA, where it counts for fintech, is a notably more friendly regulator than its American equivalent.

It is, primarily, a depth-of-capital-pool problem. The UK pension system, despite the most articulate efforts of the Edinburgh Reforms and the Mansion House Compact and a half-dozen subsequent initiatives, allocates an embarrassingly small proportion of its £3 trillion of assets to growth-stage British equities. Canadian pension funds are, statistically, more invested in British scale-ups than British pension funds. This is the absurdity of the present situation: the world’s ninth-largest pension industry, hosted in Britain, is not investing in British growth, and is being out-deployed, in British growth equity, by Canadians, Australians, and Americans.

Fix the depth, and the rest of the problem largely goes with it. There are about three things to do. First, get UK Defined Contribution pension money, which is, by the way, growing at over £100 billion a year, into a properly structured British scale-up vehicle, at a meaningful target allocation, with a proper governance overlay. Second, restore the pre-2008 status of the London Stock Exchange as a competitive listing venue for technology businesses, by reforming the dual-class share structures and the listing-rules architecture that has kept it stranded in the era of utilities and miners. Third, make the EIS reliefs permanent, generous, and unfussy at the seed stage, so that the early-stage capital remains the easiest tier to raise.

None of this is impossible. None of this is even, in the international context, particularly bold. The Australians did most of it in 2008. The Canadians did most of it in 2014. The Singaporeans built theirs in around six years. We are, in 2026, still pondering it.

And in the meantime, my Soho friend will, in the autumn, leave. He will take the family. He will keep the London office. The American round will close. The next British unicorn, and there will be a next British unicorn, will, on present trajectory, list, again, in New York. The Mayoral candidates will, on the day after, all denounce the loss to “Brand London”. And the bottle of red, in our particular Soho members’ club, will be uncorked, again, by someone else.

We start-up brilliantly, in this country. We just need, finally, to learn how to keep them. The May locals, it turns out, are not the only thing on the ballot.

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Britain doesn’t have a start-up problem, it has a stay-at-home problem

There is a particular kind of silence that descends on a once-busy restaurant when last orders have come and gone, the candles have guttered, and the chef is out the back having a cigarette and contemplating bankruptcy. It is the sound of a small dream dying. And right now, across Britain, that silence is becoming deafening.

I have just returned from dinner at a perfectly nice neighbourhood bistro in west London, where the owner, a man who quit a comfortable banking job to chase the romance of feeding people, confessed somewhere between the burrata and the lamb that he is closing in September. Not because nobody comes. They come. They eat. They tip. They order the second bottle. But the maths, he sighed, no longer mathses.

The story is the same in every postcode. UKHospitality reckons we lost roughly one pub or restaurant every single day last year. The Hospitality Rising figures are grimmer still: chefs walking away, dining rooms going dark, sites being flogged off to coffee chains and vape shops. And yet our Chancellor has decided that what this fragile, brilliant, world-beating sector really needs is a thumping great kicking.

Let us count the bruises. From April 2025, employer National Insurance jumped to 15 per cent. The threshold at which businesses begin paying it was slashed from £9,100 to £5,000, which is a fancy Treasury way of saying that every waiter, every glass-polisher, every Saturday-morning kitchen porter is now considerably more expensive to employ. Throw in the National Living Wage rising to £12.21 an hour, business rates relief shrivelling from 75 per cent to a measly 40 per cent, and a stubborn refusal to cut hospitality VAT to anything resembling our European competitors, and you have what UKHospitality calculated as an additional £3.4 billion annual hit on the sector. Three-point-four. Billion. With a B.

To which Rachel Reeves and Sir Keir Starmer have essentially shrugged and said: tough. Get on with it. Be more productive. Use AI. Yes, really, the Prime Minister actually suggested artificial intelligence was the answer to the front-of-house labour crisis. Has the man ever tried to get a chatbot to recommend the Picpoul de Pinet over the Sancerre, or to deal with a four-top of accountants splitting the bill seventeen ways?

I am not, as a rule, a conspiracist. But I am beginning to wonder whether this is plain incompetence or something darker. Because if you sat down with a clean sheet of paper and deliberately tried to design a policy package guaranteed to incinerate independent restaurants, you would land more or less exactly where this Government has landed. Hammer the labour costs. Hammer the property costs. Refuse the one tax cut, VAT, that would actually move the needle. Drive away the high-spending non-doms who used to keep Mayfair humming, propose extending the smoking ban to pub gardens and pavement tables, then make it harder still to recruit from abroad. Magnifique.

The rationale, presumably, is that restaurants are a luxury, frequented by people who can afford it, staffed by people who do not vote Labour. Easy political target. Wrong, of course. Our sector employs 3.5 million people, more than half of them under 30, many in their first proper job, learning skills no classroom ever taught, graft, courtesy, and how to charm a furious German tourist out of a complaint about the size of the prawns. Killing restaurants does not punish the rich. It punishes the kid from Croydon who wanted to be a sommelier, the Polish chef who built a life here, and the landlady whose pub still kept her village alive.

And here is the bit Reeves seems incapable of grasping: hospitality does not just feed us. It powers tourism, it props up high streets, it fills supply chains from Cornish dairies to Yorkshire breweries to the Kentish vineyards her colleagues love being photographed at. When a restaurant closes, the butcher feels it, the laundry firm feels it, the cab driver feels it, the florist feels it. You do not just lose a place to eat. You lose an entire ecosystem.

I had hoped, fool that I am, that this Labour Government might understand that. Many of its members, after all, claim to enjoy the occasional supper out, although one suspects most of theirs arrives by Deliveroo on the public purse. But policy after policy has revealed either profound ignorance of how a small business actually functions, or active hostility towards anyone who took a punt on themselves rather than waited patiently for a public sector pay rise.

The lights are going out across our high streets. The chairs are being stacked. The wine is being sold off at cost. And our Chancellor, when asked, musters only the platitude that growth takes time.

So does dying, Rachel. So does dying.

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Last orders for British hospitality: Are Reeves and Starmer trying to kill the UK restaurant sector?

Bristol and Edinburgh are emerging as the unlikely engines of Britain’s innovation economy, posting the country’s fastest-growing workforces among technology firms, university spin-outs and patent holders, according to fresh research that lays bare the persistent funding gap with the so-called golden triangle.

Headcount at innovative companies in Bristol jumped 65 per cent between 2019 and 2024, with Edinburgh up 43 per cent over the same period, comfortably outpacing Oxford on 40 per cent and Cambridge on 26 per cent, the analysis of nearly 40,000 businesses reveals.

The study, conducted by the research firm Beauhurst, classifies an “innovative” company as one that is either a university spin-out, the recipient of an innovation grant of £100,000 or more, the holder of a patent, or a technology business that has secured equity investment.

Yet despite the workforce surge in regional hubs, capital remains stubbornly concentrated in the south-east. Some 80 per cent of venture capital invested in the UK still finds its way to London, Oxford or Cambridge, the report finds, a figure that is likely to reignite debate over whether Whitehall’s levelling-up rhetoric is being matched by private-sector reality.

Karim Bahou, head of innovation at Sister, the Manchester-based innovation district that commissioned the study, said the work was designed to shed light on the structural reasons behind the funding gap that continues to dog regional cities.

Manchester itself, Bahou’s analysis found, is punching well above its weight. On a per-capita basis the city is on a par with the capital, with each boasting two innovative companies for every 1,000 residents.

Bahou is now urging cities outside the golden triangle to forge so-called “innovation corridors” between themselves rather than continuing to orbit London. The corridors, established networks linking regions that routinely collaborate on funding and company-building, allow capital, talent and intellectual property to flow more freely across the country.

Scotland’s central belt is leading the way. The Edinburgh-Glasgow corridor has already racked up 448 partnerships, including 378 investments and 70 research grants, making it the most deeply integrated city-to-city innovation network in the UK.

“Up in Scotland we see some really strong links between Glasgow and Edinburgh. This is where we think there is an opportunity to apply a Scottish model to the rest of the country,” Bahou said.

The report goes on to recommend devolving research and development tax incentives to regional authorities, establishing dedicated regional investment funds to unlock deal flow beyond the capital, and developing physical innovation districts, Sister itself is cited as an example, to keep intellectual property and talent rooted locally.

“We’ve got the Northern Powerhouse Fund, and that’s brilliant. We should be doubling down on funds like that, that focus on specific regions and the strength they bring,” Bahou said. “But investors themselves need to come and see what’s happening up in the north, we’ve got some incredible businesses here.”

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Bristol leads UK innovation jobs boom as the regions close the gap on London