Business

The UK’s private sector shrank for the second consecutive month in May, fuelling concerns that the economy’s strong start to the year could be reversed in the second quarter.

The S&P Global/CIPS purchasing managers’ index (PMI) — a key barometer of economic health — rose slightly to 49.4 in May from 48.5 in April, but remained below the crucial 50 threshold that separates growth from contraction. It marks the second-lowest reading in the past 17 months and underscores the fragile state of business conditions.

The PMI figures come just weeks after official data showed the economy had grown 0.7 per cent in Q1, its fastest pace in two years. But that momentum now appears to be stalling amid rising trade uncertainty, higher staff costs and persistent inflationary concerns, raising the prospect of a potential reversal in Q2.

While the UK’s services sector — which accounts for more than three-quarters of the economy — showed a modest rebound, with its PMI ticking up to 50.2 from 49.0, the manufacturing sector continues to deteriorate. Its PMI fell to 45.4, a two-month low, signalling the sharpest decline in output since October 2023.

Manufacturers have been particularly affected by the post-Brexit trade environment, delayed investment decisions, and cutbacks to non-essential spending. The report found that overall manufacturing production fell at its fastest rate in seven months.

“Although brighter news on tariffs and trade appears to have helped restore some confidence among businesses, sentiment about prospects in the year ahead is still subdued,” said Chris Williamson, chief economist at S&P Global.

The PMI data also points to an aggressive wave of job cuts, particularly in manufacturing, as firms struggle with rising wage and tax bills following the April hikes to national insurance contributions and the minimum wage.

Despite a recent improvement in business sentiment — aided by the UK’s partial trade agreement with the US and the Trump administration’s 90-day pause on new tariffs — it appears that these developments have not yet translated into near-term investment or hiring confidence.

“Concerns about weak demand have been exacerbated by the rise in staff costs,” Williamson added.

Economists at Capital Economics warned that the PMI readings for April and May are consistent with a GDP contraction of 0.2 per cent in Q2, which would mark the worst quarterly performance since late 2023.

The findings come amid broader signs of economic fragility across Europe. The eurozone’s equivalent PMI slipped into negative territory this month, falling from 50.4 to 49.5, highlighting shared pressures across advanced economies.

While businesses remain hopeful that recent improvements in global trade conditions could offer some relief in the second half of the year, the latest PMI data adds to the growing list of headwinds facing UK growth — including higher input costs, cautious consumer spending, and lingering geopolitical risks.

As the government prepares for its upcoming spending review, and the Bank of England weighs further interest rate decisions, the latest figures will likely reinforce calls for targeted support to protect jobs and stimulate investment, particularly in the struggling industrial sector.

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UK private sector activity contracts for second month, raising fears of economic slowdown

The long-awaited reunion of British rock icons Oasis is not just a cultural milestone — it’s shaping up to be a major economic event. According to new research from Novuna Personal Finance, the Oasis Live ’25 tour is expected to generate over £940 million in fan spending across 17 shows in London, Manchester, Cardiff, and Edinburgh between July and September 2025.

Almost 1.4 million fans are anticipated to attend the tour, spending an average of £682.80 per person on tickets, travel, food, drink, accommodation, and shopping. While the total spend mirrors the nearly £1 billion generated by Taylor Swift’s 2024 Eras Tour, Novuna estimates that the net economic impact of the Oasis tour will reach £274.4 million — more than double the £122 million reported for Swift’s UK shows.

Much of that value is expected to stay within local communities, with 57.9% of the total spend — equivalent to £544.9 million — projected to flow directly into the economies of the four host cities.

Food and drink tops the list of expenditures, with fans expected to spend £219 million, or an average of £159 per person. Ticket sales are set to bring in £217 million, with average prices around £157.50 — notably lower than Swift’s reported £206 average.

Fans are also expected to spend £188 million on shopping and local attractions, and £166 million on travel including public transport, fuel, and taxis. Each concert is projected to generate over £55 million in local spending, with London shows peaking at £60.9 million per night.

London, hosting seven dates at Wembley Stadium, is expected to attract 630,000 fans, generating £426.3 million in total spending and a net economic impact of £109.3 million.

Manchester, the band’s hometown, is set to benefit from five shows at Heaton Park, driving £277 million in spending — around a third of the national total — and delivering £95.7 million in economic impact to the city.

Cardiff and Edinburgh are forecast to see £26.8 million and £42.6 million in economic benefit respectively, as fans travel from across the UK and abroad to see the Gallagher brothers perform together again.

While day-trippers are expected to account for the largest share of overall spending — approximately £376 million — it’s the overnight visitors who deliver the biggest return per head. These fans are projected to spend an average of £806.50, nearly 20% more than the typical attendee, and are staying for an average of 2.19 nights, rising to 2.48 in Manchester and 3.2 in Edinburgh.

Local residents, though spending slightly less at £590.30 per person, still contribute significantly to local business and public transport usage.

Commenting on the tour, Theresa Lindsay, Chief Marketing Officer at Novuna Personal Finance, said the tour represents more than just a musical comeback: “The Oasis reunion is more than a once-in-a-generation music event — it’s a serious economic opportunity. With nearly 60% of spending staying in local communities, this tour is set to deliver a powerful and lasting boost to high streets, hospitality, and tourism across the UK.”

“While fans may spend slightly less per head than Swifties, Oasis’s impact could be greater — because so much of that spend supports regional economies, not just the entertainment industry. It’s a home-grown success story with national economic reach.”

With shows selling out and excitement building across generations of fans, Oasis Live ’25 is expected to be one of the biggest tours of the year — and one of the most economically impactful in British music history.

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Oasis reunion tour set to deliver £940 million boost to UK economy

Public sector borrowing in the UK surged past expectations last month, hitting £20.2 billion, as higher spending on public services and increased benefit payments drove up government outlays.

The figure, released by the Office for National Statistics (ONS), came in significantly above the £17.9 billion forecast by economists and surpasses the £19.2 billion recorded in April 2024, marking a fresh fiscal challenge for Chancellor Rachel Reeves ahead of next month’s crucial spending review.

The UK’s debt-to-GDP ratio rose to 95.5%, up 0.7 percentage points compared to the same period last year. Meanwhile, the budget deficit reached £70.3 billion, nearly £10 billion above estimates from the Office for Budget Responsibility (OBR). For the financial year ending in March, total government borrowing stood at £137.2 billion, £11 billion higher than forecast.

“April’s borrowing was the fourth highest for the start of the financial year since monthly records began more than thirty years ago,” said Rob Doody, deputy director for public finances at the ONS.

Doody noted that while tax receipts were buoyed by higher employer national insurance contributions, this was outstripped by increased spending on public sector wages, pensions, and benefits.

The April overshoot comes at a politically sensitive time, with Reeves preparing to unveil departmental budgets for the next three years in the upcoming spending review. The chancellor is under mounting pressure to meet her fiscal rules, especially after Prime Minister Keir Starmer announced a reversal on plans to restrict the winter fuel allowance for pensioners — a move expected to increase welfare spending further.

Starmer told Parliament that Labour would now expand access to the benefit, which had been set for tightening under a previous fiscal decision. The U-turn adds to the growing list of spending demands threatening to erode Reeves’ £9.9 billion fiscal buffer, a margin already under threat from rising interest rates and lower-than-expected tax receipts.

The OBR has previously warned that small movements in interest rates could wipe out the government’s fiscal headroom. Since the spring statement in March, market expectations for further Bank of England rate cuts have waned, leaving borrowing costs elevated and fiscal plans more vulnerable.

Economist Ruth Gregory of Capital Economics estimated that the rise in borrowing costs has already reduced fiscal headroom to £5.7 billion, down from £9.9 billion in March.

“A potential reversal of winter fuel payment cuts and the likelihood that defence spending will need to rise again will make the fiscal arithmetic even more challenging,” added Matt Swannell, chief economic adviser to the EY Item Club. “It will increase pressure to generate more revenue through tax rises.”

Despite the figures, the government is emphasising its focus on public service delivery and long-term investment. Darren Jones, Chief Secretary to the Treasury, said the government remains committed to economic stabilisation and public service reform.

“After years of economic instability crippling the public purse, we have taken the decision to stabilise our public finances, which has helped deliver four interest rate cuts since August,” he said. “We’re fixing the NHS, with three million more appointments to bring waiting lists down, rebuilding Britain with our landmark planning reforms and strengthening our borders.”

Still, with defence spending likely to rise, social welfare costs increasing, and borrowing running persistently ahead of projections, Reeves may face tough decisions on taxation and public spending in the months ahead.

The spending review will be closely watched for signs of how Labour plans to balance electoral promises, fiscal discipline, and economic headwinds, while keeping markets confident in the UK’s long-term financial stability.

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UK public borrowing hits £20.2bn in April, deepening pressure on Rachel Reeves ahead of spending review

OpenAI has announced a major strategic move to accelerate its expansion into hardware, with the acquisition of io, the San Francisco-based tech start-up founded by Sir Jony Ive, the former chief design officer at Apple.

The merger, valued at $6.5 billion (£4.8 billion), will bring together Ive’s team of engineers, product developers and designers under the OpenAI umbrella.

The deal marks a significant turning point in OpenAI’s ambitions beyond software and chatbots, as it looks to develop next-generation AI-powered consumer hardware that could redefine the way users interact with technology.

Founded by Sam Altman, Elon Musk, and others in 2015, OpenAI gained global attention following the release of ChatGPT in 2022, triggering a wave of interest and investment in generative AI. With the integration of Ive’s design-focused start-up, OpenAI is now positioning itself to tackle the hardware frontier, blending its cutting-edge AI models with world-class product design.

Ive, 58, who famously led the design of the iMac, iPhone, iPad and Apple Watch, co-founded io last year after a longstanding collaboration with Altman through his design firm LoveFrom. He described the merger as the culmination of decades of creative experience.

“I have a growing sense that everything I have learnt over the last 30 years has led me to this moment,” Ive said. “While I am both anxious and excited about the responsibility of the substantial work ahead, I am so grateful for the opportunity to be part of such an important collaboration. The values and vision of Sam and the teams at OpenAI and io are a rare inspiration.”

Under the new arrangement, io will be folded into OpenAI, and LoveFrom will assume creative and design responsibilities across both organisations. The combined team will work from San Francisco, focusing on research, engineering and product development.

The move represents a significant milestone in the evolution of OpenAI, which has recently faced scrutiny over governance and its corporate mission. Earlier this month, the company confirmed it would pause its plans to shift fully to a “for-profit” model, following criticism from former employees and tech leaders, including Elon Musk.

Altman said the merger with io reflects a shared commitment to reshaping how people experience technology.

“What it means to use technology can change in a profound way,” he said. “I hope we can bring some of the delight, wonder and creative spirit that I first felt using an Apple computer 30 years ago.”

The $6.5 billion valuation reported by Reuters underscores both the strategic importance of the partnership and the value that OpenAI places on Ive’s legacy and future vision. With the lines between software and hardware continuing to blur, the collaboration could place OpenAI at the forefront of a new era of AI-native devices — designed not just for function, but for human experience.

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Sir Jony Ive’s tech start-up to merge with OpenAI in $6.5bn deal

The UK government’s continued focus on traditional free trade agreements (FTAs) is misaligned with the country’s service-based economy, according to a new report from the Tony Blair Institute (TBI), which calls for a fundamental rethink of Britain’s trade policy.

The think tank argues that lengthy, goods-focused FTAs offer diminishing returns and are poorly matched to the UK’s core strengths in services and digital trade. Instead, it recommends a pivot towards targeted market access deals that can be negotiated more quickly and deliver faster economic impact.

“FTAs take years to negotiate, often centre on goods sectors of lesser significance to the UK’s service-led economy, and can quickly become politically outdated,” the report warns.

Between 2020 and 2024, the UK signed just three new FTAs, which are expected to boost exports by £9.5 billion in the long run. In contrast, over the same period, the government resolved 640 market access barriers, which the TBI says deliver greater value, more rapidly.

The institute’s analysis comes as the UK nears completion of a new trade agreement with the Gulf Co-operation Council (GCC) — a bloc including Saudi Arabia and Qatar — which has been under negotiation since 2022. Chancellor Rachel Reeves said this week that a deal with the GCC is “the next” in the pipeline as the government seeks to strengthen post-Brexit trade ties.

While negotiations with countries like Switzerland, South Korea, Canada, and Mexico remain ongoing, TBI suggests that resources are being too heavily focused on FTAs rather than on strategic bilateral market access gains.

“FTAs, while really useful as a sort of bedrock base for trade policy, are actually quite underutilised by firms — they can be quite complex to get your head around,” said Tom Smith, director of economic policy at TBI. “Some of the most stark market access barriers can be negotiated bilaterally.”

The report highlights the UK’s digital economic agreement with Singapore, which was finalised in under a year in 2022, as an example of a modern, agile trade deal that capitalises on Britain’s global leadership in tech and services.

To better serve the UK’s modern economy, the TBI proposes several policy reforms, including the introduction of an AI-powered trade adviser tool to help businesses navigate complex trade rules and identify opportunities. It also recommends using global supply chain data to improve the efficiency of customs checks.

Additionally, the report advocates for a clearer strategic framework within the Department for Business and Trade, to better allocate resources and focus efforts on areas with the greatest potential return.

Negotiations with Israel were suspended this week, in response to the country’s block on aid to Gaza, further highlighting the political sensitivities that can delay or derail lengthy FTA discussions.

As the UK looks to define its global trade identity post-Brexit, the TBI’s message is clear: the path to economic growth lies in modern, focused, and services-oriented deals, not in repeating the traditional playbook of broad, slow-moving FTAs rooted in goods-based trade.

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UK’s free trade strategy out of sync with service-driven economy, says Tony Blair Institute

HSBC has told thousands of UK employees that their pay could be cut if they fail to meet new in-office attendance requirements, as the bank steps up efforts to tighten its hybrid working policy.

In a memo sent to employees in its UK high street and commercial banking division, which employs around 24,000 people, the FTSE 100 bank said that “consistently not meeting 60 per cent office attendance will be considered in an individual’s overall performance assessment… which could lead to variable pay being impacted.”

From September, line managers will begin receiving monthly attendance reports highlighting staff who are not coming into the office at least three days a week, the bank confirmed.

The stricter monitoring comes more than a year after HSBC first told staff they were expected to spend 60 per cent of their time in the office or with clients, equating to roughly three days a week under its hybrid policy.

The move sees HSBC join a growing number of global corporations pushing back against remote work. JP Morgan Chase recently mandated a five-day office return for all staff, and Amazon scrapped its hybrid arrangements at the start of the year.

While hybrid working remains widespread across many sectors, some senior executives have voiced concerns that remote work can hinder collaboration, innovation and employee development—particularly for younger or junior staff.

The tension between flexibility and productivity was brought into sharp relief earlier this year when JP Morgan CEO Jamie Dimon was caught on a leaked recording lambasting remote work during an employee town hall. In the clip, Dimon criticised the lack of office attendance, remarking: “I come in, and where is everybody else?”

HSBC’s warning stops short of mandating full-time office work, but by linking attendance to performance assessments and variable pay, it sends a clear signal that the era of unchecked flexibility is fading.

While some employees may push back against the policy shift, HSBC’s leadership appears determined to draw a firmer line — reflecting a broader recalibration of post-pandemic working norms as companies seek to reinforce culture, collaboration and accountability.

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HSBC warns UK staff: return to the office three days a week or risk pay cuts

Strava, the fitness tracking app that has become a lockdown staple for millions of runners and cyclists, has confirmed a new valuation of $2.2 billion following its recent acquisition of Runna, a UK-based running coaching platform.

The deal, announced in April and completed on Thursday, marks a major step in Strava’s push to deepen its presence in both the running space and the UK tech ecosystem.

This is the first time Strava has disclosed its valuation since 2020, when it raised funding at a $1.5 billion valuation during a pandemic-era boom in fitness apps. Unlike many lockdown success stories that have struggled to maintain momentum, Strava’s growth has endured, fuelled by a continuing global passion for running. Last year alone, users recorded over 1 billion runs on the platform.

The acquisition of Runna, which employs around 150 staff in London, will form the basis for Strava’s first tech development office in the UK, according to CEO Michael Martin. The office will house teams in product, engineering, design and business functions, signalling a deeper commitment to the UK market.

“We didn’t have a tech development office in London,” Martin said. “With Runna, I see that as the beginning.”

The deal is also backed by Strava’s long-term investor Sequoia Capital, which has topped up its investment as part of the transaction. The Silicon Valley venture firm has supported Strava since 2014 but declined to disclose the amount of its latest contribution.

“The UK is an amazing ecosystem,” said Andrew Reed, Sequoia partner and Strava board member. “It has great universities, amazing AI talent, and world-class entrepreneurs. Obviously, it’s also the centre of the global financial system.”

Strava’s investment in London arrives amid questions over the UK capital’s long-term appeal as a European tech hub. Earlier this week, UK fintech heavyweight Revolut revealed plans to open its European HQ in Paris, raising fresh concerns about London’s status post-Brexit.

According to Dealroom, while London startups raised more venture capital than those in Paris in 2024, the total enterprise value of Paris tech companies has grown more than five-fold since 2017, allowing the French capital to overtake London in terms of cumulative enterprise value for the first time.

In addition to Runna, Strava also confirmed it is acquiring The Breakaway, a US-based AI-powered cycling coaching app, which emerged from Y Combinator, the influential Silicon Valley accelerator. The terms of that deal were also undisclosed.

Both acquisitions reflect Strava’s ambition to go beyond activity tracking and offer more personalised coaching experiences — blending data, artificial intelligence and user insights to help athletes of all levels perform better.

As the company continues to scale, the focus on international expansion, strategic M&A, and deeper tech integration suggests Strava is intent on maintaining its momentum in the fitness-tech market — even as others in the space struggle to retain their pandemic-era audiences.

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Strava’s valuation jumps to $2.2bn following acquisition of UK running app Runna

ScaleWise, the go-to-market (GTM) and talent partner for scaling B2B tech companies, has announced its role in supporting BGF’s £15 million investment in Cronofy, the fast-growing scheduling infrastructure platform.

As part of the deal, BGF enlisted ScaleWise to deliver a practitioner-led commercial due diligence assessment, focusing on Cronofy’s go-to-market capabilities and market positioning. The engagement was designed to help validate the business’s scalable growth potential, moving beyond traditional financial analysis to assess operational readiness for the next stage of expansion.

“ScaleWise’s diagnostic approach provided us with a useful lens on the business,” said Adam Huckerby, Investor at BGF. “Their practical recommendations and commercial perspective complemented our broader diligence work and helped to validate key aspects of the growth plan.”

Unlike traditional consulting firms, ScaleWise provides data-driven, hands-on support from experienced GTM operators. Their model combines diagnostics with founder collaboration and post-investment execution support — a framework aimed at ensuring that startups are not only investment-ready but also well-positioned for sustainable, scalable success.

“Fundraising is a taxing milestone for any startup, but the real challenge is what follows,” said Tom Glason, CEO of ScaleWise. “Our experienced approach to due diligence gave BGF and Cronofy practical support to unlock their next phase of growth. Our unique model ensures we don’t just provide reports — we stay hands-on to help founders execute.”

ScaleWise’s ongoing support will include collaboration with the Cronofy team to help implement GTM strategies and scale operations as the company enters this critical growth phase.

The announcement follows BGF’s significant investment in Cronofy, a platform that has become a go-to provider for scheduling infrastructure across industries, powering seamless calendar integrations for global clients. With ScaleWise continuing to advise post-deal, both firms are signalling a commitment to ensuring the long-term success of the investment.

“We are thrilled to be part of Cronofy’s story,” Glason added. “And we look forward to working closely with its team as it pursues its mission and scales in this next chapter.”

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ScaleWise backs BGF’s £15m investment in Cronofy with hands-on due diligence support

The UK government is considering selling the Sevington border control post in Kent, a facility built for post-Brexit customs checks, following this week’s UK-EU trade pact that could render dozens of similar sites redundant.

Constructed in 2021 at a cost of tens of millions, the Sevington site near Ashford was designed to process up to 1,300 lorries per day, primarily for sanitary and phytosanitary (SPS) checks on products like meat, dairy, and plant-based goods. However, the new trade agreement between the UK and the EU is expected to eliminate the need for routine health and veterinary certification on a wide range of goods, from fresh produce and timber to wool and leather.

The Department for Environment, Food & Rural Affairs (Defra) is now understood to be in discussions with private sector players to offload the site. According to reports in the Financial Times, the government has approached Eurotunnel as a potential buyer. The Port of Dover, which has held longstanding interest in the facility, is also said to be in the running.

“Clearly there is a lot of detail to work through on how that’s to be implemented and we’re keen to continue our discussions with government for what this means for the BCP at Sevington,” said Doug Bannister, Chief Executive of the Port of Dover.

Sevington is just one of over 100 border control posts (BCPs) built or upgraded in the wake of Brexit, many of them with government funding or built to government specifications to prepare for the expected volume of import checks. But with the UK-EU deal promising to streamline or remove many SPS checks, up to 41 of these facilities may now be surplus to requirements.

One of the starkest examples is Portsmouth’s £25 million BCP, which may have to be demolished. The site — built at the UK’s second busiest cross-Channel terminal — features air-lock quarantine zones, 14 lorry bays, and 8,000 sq metres of inspection space, designed to handle 80 checks per day. But since opening in April 2023, it has averaged just three checks daily due to the Conservative government’s previous relaxation of post-Brexit import rules.

It remains unclear whether all checks will be scrapped under the new UK-EU agreement. Live animal inspections and other high-risk goods may still require dedicated facilities. A final decision on which BCPs will be mothballed or sold is likely to depend on how the deal is implemented in practice over the coming months.

In a statement, a government spokesperson said: “This government committed in its manifesto to negotiate an agreement to prevent unnecessary border checks, remove red tape for businesses and help tackle the cost of food — which is what we have delivered on.”

Eurotunnel declined to comment, while industry stakeholders await clarity on which facilities may be retained, sold, or shut down entirely.

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Government considers selling Kent Brexit border checkpoint amid EU trade deal shake-up

In a dramatic departure from its traditional focus on calorie counting and group weigh-ins, WeightWatchers has announced a new strategic partnership in the UK with CheqUp, a provider of GLP-1 weight-loss medications such as Wegovy and Mounjaro.

The move marks a major shift for the iconic brand, which is now aligning itself with the booming market for anti-obesity injections.

The partnership comes just weeks after WeightWatchers filed for Chapter 11 bankruptcy protection in the US, a move driven by mounting debts and a declining customer base, as more people turn to medication rather than meal plans for weight loss.

Under the agreement, CheqUp patients prescribed GLP-1 medications will gain access to a customised version of the WeightWatchers app, designed specifically to support those on weight-loss injections. The platform offers expert-guided food recommendations, aimed at reducing medication side effects like nausea while promoting healthy, sustainable weight loss.

“The data is clear — our members on obesity medications who also participate in our nutritional and behavioural lifestyle programme lose 11% more weight on average than those using the medication alone,” said Scott Honken, Chief Commercial Officer at WeightWatchers.

The company, which rebranded as WW in 2018, once boasted celebrity backers including Oprah Winfrey, who became its most high-profile advocate and shareholder. But earlier this year, Winfrey announced she was leaving the company and donating her shares, shortly after revealing that her own weight-loss was achieved through the use of anti-obesity medication — rather than WW’s points-based programme.

The move to embrace weight-loss drugs is a major pivot for WeightWatchers, a brand that for decades was synonymous with non-medical, behavioural approaches to dieting. Its structured food plans, branded cookbooks, ready meals, and community-based meetings were once at the heart of the global weight-loss movement. But rising demand for prescription injections — backed by clinical trials showing significant weight loss — has changed the landscape.

GLP-1 drugs like semaglutide (Wegovy) and tirzepatide (Mounjaro) are rapidly transforming how both patients and providers approach obesity. Despite recent enthusiasm, studies have also shown that weight tends to return once medication is stopped unless accompanied by long-term lifestyle changes — a gap WeightWatchers is aiming to fill.

“There is no doubt that the addition of WeightWatchers’ breakthrough GLP-1 companion programme will add enormously to our patients’ ability to achieve sustainable weight loss,” said James Hunt, Deputy CEO of CheqUp. “It combines science-backed tools with a global community of like-minded individuals.”

The UK partnership mirrors a similar strategy being rolled out in the US, as WeightWatchers bets its future on becoming the lifestyle partner to the global weight-loss drug industry — offering coaching, nutritional advice, and behavioural support to patients who are now choosing medication over meal plans.

While GLP-1 drug uptake in the UK remains limited compared to the US, obesity experts have urged the NHS to accelerate access to the treatments to address Britain’s growing obesity crisis — linked to rising cases of diabetes, cancer, and cardiovascular disease.

As the company shifts away from its legacy diet model, WeightWatchers is gambling that its next chapter lies not in telling people what to eat, but in supporting them through medical weight loss with the right tools and community.

Whether this reinvention will be enough to revive the brand’s fortunes remains to be seen, but one thing is clear: WeightWatchers has officially entered the age of prescription weight loss.

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WeightWatchers pivots from diets to drugs in UK partnership with anti-obesity treatment provider CheqUp