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Starmer set to align UK with tougher EU net zero targets under electricity market talks
Business

Starmer set to align UK with tougher EU net zero targets under electricity market talks

by December 26, 2025

Sir Keir Starmer is preparing to push Britain into significantly stricter net zero commitments as part of negotiations to rejoin the EU’s internal electricity market, a move that has triggered accusations from critics that the government is surrendering control over UK energy policy.

The Prime Minister and Ed Miliband, the Energy Secretary, are in talks with Brussels over closer alignment with the EU’s electricity trading system, which treats the bloc’s 27 member states and Norway as a single, integrated power market. Britain left the system following Brexit in 2021.

However, EU officials have made clear that re-entry would require the UK to sign up to the bloc’s wider renewable energy and decarbonisation framework. That would mean committing not just to cleaning up electricity generation, but to accelerating decarbonisation across heating, transport and industry.

In effect, Britain would need to double its existing net zero ambition. The EU currently requires 42.5 per cent of total energy consumption to come from renewable sources by 2030, with an aspiration to reach 45 per cent. The UK’s current figure stands at around 22 per cent.

The potential commitment was revealed in a technical document quietly published on the Cabinet Office website, which states that any electricity agreement should include “an indicative global target for the share of renewable energy in the gross final consumption of energy in the United Kingdom”, comparable to that of the EU to ensure a “level playing field”.

Shadow energy secretary Claire Coutinho said the move would amount to handing decision-making power back to Brussels. She warned that UK ministers could be forced to pursue emissions reductions “regardless of what it will do to people’s energy bills or the competitiveness of our businesses”.

The issue comes as Labour continues its broader push to reset relations with the EU, with some MPs urging a return to the customs union, a position Starmer has so far ruled out.

Supporters of closer alignment argue that rejoining the internal electricity market would bring tangible benefits. Britain is already heavily reliant on imported power via subsea interconnectors linking the UK to France, Norway, Belgium, the Netherlands and Denmark. At times, close to a fifth of UK electricity is generated overseas, with even higher reliance in London and the South East.

Outside the EU market, UK energy traders cannot use automated cross-border trading systems and must purchase electricity and interconnector capacity separately, a process the industry estimates adds up to £370 million a year in avoidable costs.

Barnaby Wharton, head of grid policy at Renewable UK, said better integration with European markets would improve efficiency and lower costs for consumers by smoothing supply during periods of low wind or solar generation.

Critics, however, argue that the scale of the EU’s renewable targets makes them unrealistic for the UK within the required timeframe. Electricity accounts for only about 20 per cent of Britain’s total energy use, while heating, transport and industrial processes make up the majority. Oil and gas still supply roughly three-quarters of total UK energy demand.

Energy analyst David Turver said the EU targets were effectively “unachievable” without drastic reductions in overall energy consumption, warning that they could risk higher bills or industrial decline if imposed too aggressively.

A Cabinet Office spokesperson said the published text was part of an ongoing process and would form the basis of further negotiations next year. They stressed that closer cooperation on electricity could cut costs, strengthen energy security and support investment, but declined to comment further while talks continue.

Read more:
Starmer set to align UK with tougher EU net zero targets under electricity market talks

December 26, 2025
Poundland turns to emergency overdraft after Christmas trading slump
Business

Poundland turns to emergency overdraft after Christmas trading slump

by December 26, 2025

Poundland is preparing to draw on emergency funding after a disappointing Christmas trading period intensified concerns over the discount retailer’s recovery.

The chain is set to tap a £30m overdraft facility provided by its former owner, Pepco, after festive footfall and sales fell short of expectations. The move follows a tough few months for the retailer, which was rescued in the summer by distressed investment specialist Gordon Brothers in a court-approved restructuring deal.

Gordon Brothers acquired Poundland for a nominal £1, a transaction that safeguarded the majority of its 16,000 jobs across 825 UK stores but also paved the way for widespread closures. Under the terms of the deal, Pepco agreed to provide financial support, including an immediate £30m loan and a further £30m credit facility in the form of an overdraft.

Since taking control, Gordon Brothers has closed two warehouses and shut 68 of Poundland’s worst-performing stores, putting more than 2,000 roles at risk, as it attempts to stabilise the business and return it to profitability.

However, trading conditions deteriorated further over the Christmas period. Data from Sensormatic shows that UK high street footfall was down 13 per cent year-on-year on December 23, typically one of the busiest shopping days of the calendar. Retailers are also bracing for a weak start to 2026, with the Confederation of British Industry reporting that sales expectations are now at their lowest level since March 2021.

Against this backdrop, Gordon Brothers informed Pepco in recent weeks that it intended to access the overdraft facility after revenues fell below forecast, creating a short-term liquidity squeeze. Poundland plans to draw down the funding in two stages, with an initial tranche in January and further access later in the year.

Pepco is understood to have initially resisted the request, fuelling fresh questions over Poundland’s longer-term prospects, but agreement was ultimately reached at board level, easing immediate concerns over the retailer’s cash position.

A team of advisers is closely monitoring the turnaround. Gordon Brothers has brought in forensic accountants from AlixPartners to oversee cash flow, while Poundland’s board has appointed FRP Advisory as specialist corporate finance advisers.

Under the restructuring plan, Poundland is expected to close around 130 stores by February next year. Clearance sales are already under way in locations earmarked for closure, with discounts of up to 40 per cent.

Earlier this week, the retailer confirmed it would remain closed on Christmas Day, Boxing Day and New Year’s Day, continuing a policy aimed at prioritising staff wellbeing.

A Poundland spokesperson said the restructuring had provided sufficient financial headroom to implement recovery plans and stressed that the business continued to receive full backing from both Gordon Brothers and Pepco. “While there remains much to do, we are pleased with the progress made in recent months as we work to get the business back on track,” the spokesperson said.

Pepco declined to comment.

Read more:
Poundland turns to emergency overdraft after Christmas trading slump

December 26, 2025
Farmers’ anger grows as Australian beef floods into Britain after trade deal
Business

Farmers’ anger grows as Australian beef floods into Britain after trade deal

by December 26, 2025

British farmers are voicing growing anger after a sharp rise in Australian beef and lamb imports, which they say is undercutting domestic producers and putting further pressure on an already strained livestock sector.

New figures show that beef imports from Australia have surged since the UK-Australia free-trade deal came into force in May 2023. Volumes jumped by almost 200 per cent in the first year of the agreement, rose a further 170 per cent last year, and increased by more than 80 per cent in the first nine months of 2025 alone, according to Australian data.

Sheep meat imports, primarily lamb, have also risen sharply, climbing 39 per cent in 2023 and 42 per cent in 2024, before easing to single-digit growth so far this year.

The figures appear to validate warnings made by British farmers ahead of the deal’s signing, when they cautioned that the agreement could open the door to a wave of low-cost meat imports.

David Barton, a cattle farmer and chair of the National Farmers’ Union livestock board, said the impact of the deal was now being felt across the sector. “We’ve long warned that the UK-Australia deal would have real consequences for British livestock producers,” he said. “Now we are seeing those impacts play out.”

Barton added that the surge in imports is arriving at a difficult moment for UK farmers, many of whom are grappling with a challenging dry season and rising costs. “They need confidence to produce British beef, and this undermines that confidence,” he said.

He also argued that British farmers were being penalised for operating to higher animal welfare and sustainability standards, which can make UK meat less price-competitive. “The problem is that the Government seems to be quite happy with cheap imports that are not, perhaps, produced to the same standards or production methods that would be legal in the UK,” Barton said.

Australia’s Meat and Livestock Association (MLA) has rejected claims that Australian meat is flooding the UK market or being produced to lower standards. Richard Saunders, the MLA’s UK country manager, said Australian beef still accounts for only about 4 per cent of British beef imports.

“There is no way any flooding of the market is going on,” Saunders said, adding that Australia is currently filling only around one-third of its 50,000-tonne tariff-free beef quota under the trade deal. He acknowledged, however, that Australian producers are keen to establish and grow brands in the UK, particularly premium offerings such as Wagyu beef.

On lamb, Saunders said Australia is using roughly half of its 36,000-tonne tariff-free quota. Britain imports between a quarter and a third of the lamb it consumes, with Australia and New Zealand accounting for about 80 per cent of those imports.

Saunders argued that structural differences in production costs explain the price gap. “It’s not very economical to grow lambs in the UK any more,” he said, pointing to higher overheads associated with housing and lambing conditions compared with Australia’s outdoor systems.

He suggested that most imported lamb is sold in London, while consumers elsewhere in the country often prefer British meat despite the higher price. “Outside of London, if you don’t have British lamb on the menu, you’ll be kicked out of town,” he said. “They should definitely be looking after local producers.”

However, Barton warned that the impact of the trade deal would build over time. “This agreement is a clear example of how trade deals can have lasting effects,” he said. “The cumulative impact of this deal, those that followed and future agreements must not be understated.”

He added that Britain’s climate and grassland made it one of the best places in the world to produce beef sustainably, arguing that domestic producers should be supported rather than squeezed out by rising imports.

Read more:
Farmers’ anger grows as Australian beef floods into Britain after trade deal

December 26, 2025
Entrepreneur forged documents in failed bid to seize control of Yodel, High Court rules
Business

Entrepreneur forged documents in failed bid to seize control of Yodel, High Court rules

by December 26, 2025

A British parcel entrepreneur forged documents as part of a failed attempt to seize control of Yodel, according to a damning High Court judgment that brings fresh clarity to one of the most chaotic corporate battles in the UK logistics sector.

Mr Justice Fancourt ruled that Jacob Corlett conspired with his mother, Tamara Gregory, to falsify share warrant documents in an effort to overturn Yodel’s sale to Polish courier group InPost. The judge said the signatures on the disputed documents were “suspicious”, bore “many signs of forgery” and were “probably forged”, based on expert handwriting evidence.

In a strongly worded ruling published on Friday, the judge concluded that both Mr Corlett and his mother had lied to the court about how the documents were produced. He described Mr Corlett as “a most unsatisfactory witness” and said the evidence pointed decisively to fabrication.

The judgment is a significant victory for InPost, which agreed a £106m deal to acquire Yodel earlier this year, following months of uncertainty over the company’s ownership and financial stability. Mr Corlett had sought to derail the takeover by claiming he held warrant instruments entitling him to purchase more than 60 per cent of Yodel’s shares, effectively restoring him as majority owner.

The High Court rejected that argument, ruling the warrants invalid because they were forged. As a result, Mr Corlett’s attempt to reclaim control of the business has collapsed.

Michael Rouse, chief executive of InPost International, said the ruling was an “extraordinary judgment” that fully vindicated InPost’s position. He accused Mr Corlett of going to extreme lengths to extract money from Yodel and said the decision protected the integrity of the company and its shareholders. InPost is now considering further legal action in light of the court’s findings.

The ruling addresses only one strand of a wider legal saga. Mr Corlett is also accused of siphoning off millions of pounds from Yodel during a brief period of ownership last year, allegations he strongly denies. Those claims, including accusations of asset stripping and the diversion of funds to companies linked to him and his mother, are due to be examined in a separate High Court trial next year.

Yodel, which employs around 10,000 people, was previously owned by the Barclay family and was sold for £1 to Mr Corlett in 2024 in a last-ditch effort to avoid insolvency. At the time, the 31-year-old entrepreneur was portrayed as a white knight who would stabilise the Liverpool-based parcel firm and merge it with his start-up, Shift Group.

However, relations quickly deteriorated after Yodel’s lenders and advisers alleged that company funds had been misappropriated, including payments totalling more than £4m made to businesses linked to Mr Corlett. Court filings also allege that funds were routed offshore to an Isle of Man company owned by his mother.

Mr Corlett has denied any wrongdoing and says he was unaware of the payments. A spokesperson for him said he was disappointed by the outcome of the ruling and that his legal team is reviewing the judgment as he considers next steps.

For Yodel and InPost, the decision removes a major cloud hanging over the business and clears the way for the Polish group to press ahead with its plans for the UK delivery firm, following a period of turmoil that threatened its very survival.

Read more:
Entrepreneur forged documents in failed bid to seize control of Yodel, High Court rules

December 26, 2025
The Museum of Failure is coming to the UK – and Britain’s flops are centre stage
Business

The Museum of Failure is coming to the UK – and Britain’s flops are centre stage

by December 26, 2025

Britain’s long and often spectacular history of mismanaged inventions, doomed projects and ill-fated ideas is finally getting its own cultural institution.

Next spring, the internationally touring Museum of Failure will open in the UK, celebrating everything from grand design disasters to corporate overreach – all viewed through the lens of learning rather than ridicule.

Its founder, Dr Samuel West, believes the UK is the exhibition’s natural home. Having toured the museum across Europe, the US and Asia, he says Britain’s dark humour and affection for the underdog make it uniquely receptive to the idea of openly examining failure.

“I’ve always wanted to bring it back home,” West said. “The British sense of humour totally gets this – that sarcastic, black awareness that things can just go horribly wrong.”

The Museum of Failure is dedicated entirely to innovation that didn’t work out. Its collection spans failed gadgets, abandoned technologies, commercial disasters and cultural misjudgements, highlighting the messy reality behind progress. Visitors are encouraged to laugh, but also to reflect on the risks that underpin any attempt to do something new.

UK-born exhibits will feature prominently. Among them are the Titanic, the Sinclair C5, the NHS’s abandoned national IT programme, Dyson’s Zone headphones, Amstrad’s e-mailer, The Body Shop – and Brexit. Together, they chart a uniquely British talent for ambition, confidence and, at times, catastrophic execution.

Innovation strategist Ben Strutt, who runs workshops on turning failure into strategic advantage, said the exhibition has the potential to shift attitudes by showing how common failure really is.

“Visitors will see that even the biggest brands in the world fail,” he said. “They’ll also see how some failures later enable success – like the Apple Newton paving the way for the iPhone, or Google Glass shaping today’s augmented reality wearables – and how sometimes better products lose out to worse ones, like Betamax versus VHS.”

West is keen to stress that the museum is not about mockery. Instead, it aims to normalise failure as a necessary ingredient of innovation – something he believes is still widely stigmatised, despite Silicon Valley rhetoric about “failing forward”.

“I want to reframe failure as universal,” he said. “If we only glorify success and punish failure, we stop taking the meaningful risks needed to solve the biggest problems of our time – environmental, social and economic.”

Psychologist Fiona Murden, who has written extensively about resilience and failure, believes the museum could be particularly powerful for younger visitors, helping them rethink risk and creativity. However, she also cautions against oversimplifying the message.

“There’s a danger in celebrating failure too much,” she said. “If it’s framed as always enlightening or cool, it can invalidate the very real stress, loss and consequences people experience when things go wrong.”

West agrees that failure is not experienced equally. He recalls being challenged after a talk by a woman in Ivory Coast who pointed out that, unlike entrepreneurs in wealthy countries, failure for her could plunge an entire family into poverty.

“She was right,” he said. “Failure is cultural, economic and political. If you’re a migrant worker or running a business with no safety net, failure isn’t a learning exercise – it’s existential.”

That cultural contrast has shaped how the museum is received globally. In China, visitors reportedly enjoyed laughing at failed western products. In risk-averse South Korea, some were baffled by what they perceived as a celebration of failure. In the US, the exhibition was treated largely as a joke, folded neatly into the narrative that failure always leads to success.

Britain, West suspects, will be different.

“There’s an instinctive understanding here,” he said. “A recognition that some failures don’t lead anywhere, that things can be painful, pointless and absurd – and still worth examining.”

The final UK venue has yet to be confirmed, but when it opens, the Museum of Failure looks set to strike a chord in a country that has long mastered the art of getting things wrong with remarkable confidence.

Read more:
The Museum of Failure is coming to the UK – and Britain’s flops are centre stage

December 26, 2025
Understanding the Economic Impact of Major Sports Events on the Betting Industry
Business

Understanding the Economic Impact of Major Sports Events on the Betting Industry

by December 26, 2025

Major sports events are not just thrilling spectacles; they are economic powerhouses. These events ripple through various industries, driving significant economic activity.

The betting sector, in particular, sees a notable surge in activity during such times. Global sports events such as the FIFA World Cup play a pivotal role in the economy by attracting millions of spectators and participants. These gatherings ignite a flurry of activities across sectors like hospitality, tourism, and media.

The betting industry stands out as a key player, capitalising on the excitement and engagement these events generate. When people think of engaging with these events beyond mere viewership, the concept of world cup betting sites often comes to mind. These platforms offer an avenue for fans to deepen their involvement, making predictions and placing bets based on their insights and enthusiasm for the sport.

Economic growth driven by major sports events

Major sports events like the Olympics or World Cup stimulate the economy by creating jobs, boosting tourism, and fostering infrastructure development. Cities hosting these events often experience a surge in visitors, leading to increased demand for hotels, restaurants, and local attractions. This influx of tourists boosts revenues not only for local businesses but also for airlines and transportation services.

The media industry also benefits significantly from major sports events. Broadcasting rights for such events are highly sought after and can command hefty prices. Advertisers eagerly leverage these moments to reach a global audience, further amplifying the economic impact. For many businesses, associating with these sports spectacles offers unparalleled visibility and engagement opportunities.

Beyond the immediate economic benefits, major sports events create lasting legacies that continue to generate revenue long after the final whistle. Infrastructure improvements such as upgraded stadiums, enhanced public transportation systems, and modernised communication networks remain valuable assets for host cities. These developments attract future events and business investments, creating a multiplier effect that extends the economic impact for years to come. Local communities often benefit from improved facilities and amenities that were initially built for the event but continue to serve residents and visitors alike, contributing to sustained economic growth and improved quality of life.

Betting industry dynamics during major sports events

The betting sector experiences a notable increase in activity during major sports events. Enthusiastic fans turn to explore all bets and markets on the game as a way to enhance their experience, leading to spikes in both online and offline betting activities. This heightened interest results in substantial financial turnover within the sector as fans place wagers on various outcomes.

You might notice an increase in consumer engagement due to enhanced advertising efforts by betting companies during these periods. Promotions, bonuses, and special offers become more prevalent, enticing new and existing bettors alike. This strategy not only boosts immediate revenue but also strengthens customer loyalty in the long run.

Opportunities and challenges in the betting industry

Major sports events present unique opportunities for growth across a range of industries, particularly the betting sector. Companies can innovate by introducing new technologies and platforms that enhance user experience. For example, integrating live streaming with real-time betting options can attract tech-savvy bettors seeking dynamic engagement.

However, this growth is not without challenges. Betting companies must navigate complex regulatory environments that vary across regions. Compliance with local laws is essential to maintain credibility and avoid penalties. Additionally, intense competition requires companies to differentiate themselves through innovative offerings and superior customer service.

Future trends in the betting industry’s evolution

As you look ahead to future sports events, it becomes evident that technology will continue to shape the betting industry’s landscape. Advancements in artificial intelligence and data analytics will likely lead to more personalised betting experiences tailored to individual preferences.

The rise of mobile platforms is another trend that shows no signs of slowing down. Bettors increasingly prefer placing wagers via smartphones for convenience and accessibility. All bets placed through mobile apps offer seamless integration with social media platforms, enhancing community interaction among bettors.

Read more:
Understanding the Economic Impact of Major Sports Events on the Betting Industry

December 26, 2025
UK firms scale back Pride support as corporate DEI retreat gathers pace
Business

UK firms scale back Pride support as corporate DEI retreat gathers pace

by December 26, 2025

British businesses are sharply reducing their public support for Pride, mirroring a broader retreat from diversity, equity and inclusion (DEI) initiatives that has gathered pace in the United States.

Analysis of corporate social media activity shows that references to Pride by some of the UK’s largest companies have fallen dramatically in the past two years. Mentions are down by more than 90 per cent since 2023, reflecting a shift in tone as companies respond to political pressure and a changing cultural climate.

The trend closely follows developments in the US, where Donald Trump has led an aggressive pushback against DEI programmes since returning to the White House. Trump has signed a series of executive orders aimed at dismantling what his administration describes as “illegal DEI” initiatives within federal institutions, prompting wider repercussions across the private sector.

Several multinational companies have quietly reduced or withdrawn sponsorship of major Pride events this year, opting instead for lower-profile engagement or none at all. Organisers say the pullback has had a tangible financial impact. Research by the UK Pride Organisers Network indicates that three-quarters of Pride organisers have experienced a decline in corporate partnerships in 2025, with a quarter reporting sponsorship income falling by more than half.

Pride events are traditionally held in June, commemorating the 1969 Stonewall riots in New York, widely regarded as the starting point of the modern LGBTQ+ rights movement. Corporate backing has long been a cornerstone of Pride’s visibility and funding, making the recent shift particularly stark.

In the US, political resistance has intensified at state level as well. Utah became the first state to ban the flying of LGBTQ+ flags on government buildings and schools earlier this year, while other states are considering similar measures. These moves have added to the sense of caution among large employers, particularly those with exposure to both US and UK markets.

The Guardian’s analysis examined customer-facing social media accounts across Facebook, Instagram and X for the ten largest companies headquartered or listed in the UK and the ten largest US companies by market capitalisation. It found that Pride-related posts fell to just four in 2025, compared with 52 in 2023. The analysis included posts referencing Pride events, Pride Month, associated hashtags and internal LGBTQ+ employee networks.

Campaigners warn that the decline risks undermining years of progress on workplace inclusion and visibility, while some business leaders privately argue that companies are attempting to avoid becoming embroiled in increasingly polarised cultural debates.

For now, the data suggests a clear shift in corporate behaviour on both sides of the Atlantic, with Pride becoming an early casualty of a wider reassessment of how far businesses are willing to publicly align themselves with social and political causes.

Read more:
UK firms scale back Pride support as corporate DEI retreat gathers pace

December 26, 2025
Boxing Day sales set to fall by £1bn as cost-of-living pressures bite
Business

Boxing Day sales set to fall by £1bn as cost-of-living pressures bite

by December 26, 2025

Boxing Day sales are expected to deliver a £3.6 billion boost to UK retailers this year, around £1 billion less than in 2024, as cost-of-living pressures continue to weigh on household spending.

The forecast comes from Barclays, which tracks nearly half of all credit and debit card transactions across the UK. The anticipated decline represents a blow to retailers during their all-important “golden quarter”, traditionally the most lucrative period of the year.

Seven in ten consumers say ongoing price pressures will influence how much they spend during the sales, with fewer shoppers planning to take part overall. The proportion of people intending to shop on Boxing Day has slipped to 26 per cent, down from 28 per cent last year.

However, those who do head out are expected to spend more individually. The average Boxing Day shopper plans to spend £253, up from £236 a year ago, suggesting that fewer but more determined bargain-hunters will be driving sales.

Nearly half of shoppers say they will use the discounts to stock up on familiar products at lower prices, while one in four intend to focus solely on essentials. Clothing remains the most sought-after category, followed by food and drink, and beauty products, with many shoppers prioritising premium brands at reduced prices.

The weaker outlook follows a disappointing run-up to Christmas for the retail sector. Sales fell by 0.2 per cent in November and remain around 3 per cent below pre-pandemic levels, as consumers continue to prioritise saving after several years of elevated inflation and interest rates.

Karen Johnson, head of retail at Barclays, said shoppers had shown “just how cost-conscious they are throughout 2025”, a trend she expects to continue on Boxing Day. She added that artificial intelligence is increasingly shaping how consumers approach sales events, helping them compare prices, generate gift ideas and set personalised alerts.

Two in five shoppers say they will use AI tools to hunt for the best deals this Boxing Day, although half of those surveyed worry the technology could encourage overspending. Despite the rise of digital tools, most consumers still plan to do at least some of their shopping in-store, with many citing the experience as part of the festive tradition.

For a significant minority, however, Boxing Day is less about bargains and more about downtime. Almost a quarter of people say the day should be spent at home with family rather than on the high street.

“Boxing Day remains a pivotal moment for retailers, fuelled by Christmas nostalgia,” Johnson said. “But it has evolved to reflect modern consumer demands, where value, convenience and technology increasingly shape how people shop.”

Read more:
Boxing Day sales set to fall by £1bn as cost-of-living pressures bite

December 26, 2025
UK set to become world’s fifth-largest economy by 2040, but living standards slip
Business

UK set to become world’s fifth-largest economy by 2040, but living standards slip

by December 26, 2025

The UK is on course to overtake Japan and become the world’s fifth-largest economy by the end of the next decade, according to new long-term projections from Centre for Economics and Business Research (CEBR).

In its latest global outlook, the think tank forecasts that Britain’s gross domestic product will rise from just under $4 trillion in 2025 to around $6.8 trillion by 2040, lifting the country back into the global top five when measured at current prices. Sluggish growth prospects in France and Germany are expected to reinforce the UK’s position behind the US, China, India and Germany over the period.

The projections suggest the global economic hierarchy will continue to shift eastward. The United States is forecast to remain the world’s largest economy by 2040, with GDP of about $53 trillion, but China is closing the gap rapidly and is expected to reach just under $48 trillion. On purchasing power parity measures, which adjust for price levels and exchange rates, China has already overtaken the US, and CEBR now expects it to surpass the US on headline GDP measures by 2045, earlier than previously anticipated.

India is projected to become the world’s third-largest economy by 2040, overtaking both Japan and Germany, reflecting strong population growth and sustained investment. Japan, by contrast, is expected to slip to sixth place, while Germany remains fourth after several years of near-recessionary growth.

Nina Skero, chief executive of the CEBR, said global economic power was undergoing a “gradual rebalancing”, with momentum shifting away from heavily indebted western economies towards faster-growing nations in Asia and the global south. Indonesia, she added, could break into the world’s top ten economies by the early 2030s as its investment base expands.

However, the upbeat headline for the UK masks a less encouraging picture for living standards. While GDP per capita is forecast to rise from around $57,000 this year to $89,000 by 2040, Britain’s global ranking on this measure is expected to fall from 19th to 21st, meaning it will be outpaced by a number of richer peers.

Countries such as Luxembourg, Ireland, Switzerland, Singapore and the United States are projected to remain well ahead of the UK in terms of income per head, highlighting persistent challenges around productivity, wage growth and public finances.

CEBR also warned that the global economy faces a tougher near-term outlook. World growth is expected to slow to around 2.5 per cent next year, weighed down by rising trade barriers, high levels of public debt and ageing populations across advanced economies.

“Elevated uncertainty stemming from shifts in the global trade order, combined with geopolitical tensions, is dampening activity,” the report said, adding that these pressures would continue to test governments’ ability to raise living standards even as headline economic size increases.

Read more:
UK set to become world’s fifth-largest economy by 2040, but living standards slip

December 26, 2025
Golden Pharaoh Casino UK Review: Bonuses, Games & Safety
Business

Golden Pharaoh Casino UK Review: Bonuses, Games & Safety

by December 25, 2025

Golden Pharaoh leans hard into the “ancient treasure vault” vibe — but under the gold plating it’s basically a modern slots-first casino with a big, code-based welcome package and a wide spread of providers.

This review walks through what matters before you sign up: bonuses (with the actual codes), games, payments, withdrawals, and the safety/regulation picture. We’ll also compare a few alternatives so you can sanity-check the terms and pick what fits your style.

Feature
Details

Audience
UK-facing players where permitted

 

Games advertised
“3000+ casino games”

 

Welcome Offer
GOLD01: 400% up to €2,000 + 100 FS (plus 4 follow-ups)

 

Wagering on welcome bonuses
x50 bonus (shown per step)

 

Payments
Cards, e-wallets, vouchers, and multiple crypto options

 

Withdrawal processing time
24–48 hours (bank transfer / crypto wallet listed)

Registration & Golden Pharaoh Casino Login

Registration is the standard quick funnel:

Open the Golden Pharaoh homepage and hit Register.
Enter email/username, create a password, and fill your basic details.
Confirm any required steps and log in.
Make your first deposit if you’re claiming the welcome code.

KYC note (important for withdrawals): the Terms state they may request proof of identity/age, and payment instruments should match the registered name (especially if using cards). If you want fewer headaches later, use real details from day one and keep screenshots of deposits/transaction IDs.

Bonuses & Promotions at Golden Pharaoh Casino

Golden Pharaoh Casino promos are code-driven, and the welcome package is split into 5 steps (GOLD01 → GOLD5). Each step shown carries x50 bonus wagering, and the first three steps include free spins tied to specific slots.

Welcome Bonus

Step
Code
Offer (as shown)
Wagering

1/5
GOLD01
400% up to €2,000 + 100 FS
x50 bonus

2/5
GOLD02
200% up to €1,000 + 50 FS
x50 bonus

3/5
GOLD03
150% up to €1,000 + 25 FS
x50 bonus

4/5
GOLD4
100% up to €1,000
x50 bonus (slots only)

5/5
GOLD5
100% up to €1,000
x50 bonus (slots only)

A couple of practical notes before you click “claim”:

x50 wagering is high enough that you’ll want to treat this as a “play-longer” bonus, not a quick cashout perk.
Their Terms also include restrictions on “irregular play” patterns (e.g., strategies that game contribution rules). If you bonus-hunt aggressively, expect scrutiny.
If you ever take free/no-deposit style promos: the Terms mention winnings from “free/no-deposit” bonuses and free spins without a qualifying deposit can be capped (example: €100 cap stated).

Games & Software Providers

Golden Pharaoh positions itself as a multi-provider casino. The providers list shown on the site includes studios like Microgaming, NetEnt, Play’n GO, Pragmatic Play, Hacksaw, Relax, Push Gaming, Yggdrasil and more.

Slots (Main Focus)

The lobby is clearly built for slot browsing first: you’ve got filters for things like New games, Slots, MegaWays, Live Casino, Table Games, and a long provider list to slice the catalogue.

If you’re a slots player, this is the bit that matters:

lots of mainstream titles + modern feature-driven slots (Megaways-style categories are shown)
welcome free spins are tied to specific games (so you’re not picking any slot you want for FS)

Table Games & Live Casino

The menu includes a dedicated Live Casino section and the provider list includes live-focused brands (e.g., Vivo Gaming is shown).

Banking: Deposits & Withdrawals

The banking page is where Golden Pharaoh gets unusually concrete.

Deposits

Deposits show no fees on listed methods, with common limits like min €15 / max €1,000 per transaction for several rails (Visa/Mastercard and others).

Visa / Mastercard
Skrill / Neteller (via Centrobill)
Paysafecard / Neosurf / Cashlib
Crypto (Bitcoin, Ethereum, Litecoin, Dogecoin, Tether, etc.)

Withdrawals

Withdrawals show:

24–48H processing time (as displayed)
typical max per transaction €5,000
minimums vary by method (some show €100, others show €0)

Sister Sites for Golden Pharaoh Casino

If Golden Pharaoh Casino feels like a bonus-packed tomb full of treasures, its sister sites are other rooms in that same pyramid — each one offering its own blend of welcome boosts, free spins and ongoing value that can keep your reels spinning. Think of them as different maps on the same treasure hunt — some give big match power, others shower spins like confetti.

Galaxy Spins Casino | Cosmic welcome launch

At Galaxy Spins Casino, UK players can enjoy an out-of-this-world welcome offer like a 400% match bonus up to €2,000 + 100 Free Spins on first deposit — a rocket booster for your bankroll that feels like strapping a jetpack on your first ride.

Bonus Type
Offer
Notes

Welcome Match + FS
400% match up to €2,000 + 100 Free Spins
Massive first-deposit power

Tiered Bonuses
Higher % matches on early deposits
Keeps the rocket fuel burning

Game Variety
500+ slots from top providers
Big game choice

Magic Win Casino | Structured boosts & spins

Magic Win Casino serves up a layered welcome stack, with 100% match up to around £500 + 50 Free Spins on the first deposit and additional tier bonuses like 50% + 30 Free Spins on the second and 75% + 20 Free Spins on the third.

Bonus Type
Offer
Notes

First Deposit Match
100% up to £500 + 50 Free Spins
Classic powerful welcome

Second Deposit Bonus
50% up to £200 + 30 Free Spins
Keeps the spark alive

Third Deposit Bonus
75% up to £250 + 20 Free Spins
Extra bonus layer

Golden Panda Casino | Bonus jungle with VIP perks

Over at Golden Panda Casino site, players can tap into a robust welcome ecosystem that often includes huge welcome bonus structures (e.g., up to £5,000 total value) and VIP cashback up to 15% weekly, plus access to a library of 4,000+ premium slots and quick crypto-style withdrawals.

Bonus Type
Offer
Notes

Welcome Boost
Value up to ~£5,000 total
Big total potential

VIP Cashback
Up to 15% weekly cash back
Softens losing runs

Massive Game Library
4,000+ slots
Tons of choice

BassWin Casino | Heavy-Hit Match + Spins Stack

BassWin Casino turns up the volume with a welcome bonus like 450% up to £3,000 + 375 Free Spins spread across first few deposits — a setup that can super-charge smaller deposits into big bonus powerhouses.

Bonus Type
Offer
Notes

Massive Match Bonus
450% up to £3,000 + 375 Free Spins
Strong first value tier

Multi-Deposit Spread
Bonus + spins over several deposits
Keeps bonus momentum

Lots of Slots
Hundreds of slots
Great variety

Conclusion

Golden Pharaoh Casino is basically a slots-heavy, multi-provider site with a very visible “ladder” welcome package — great if you like structured promos and you don’t mind working through wagering.

Read more:
Golden Pharaoh Casino UK Review: Bonuses, Games & Safety

December 25, 2025
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