Against an ever-changing economic backdrop, UK companies have cited employee benefits costs as a pressing challenge, according to Gallagher’s Workforce Trends Report. The report also found that organisations are looking to adapt their benefit strategies to address economic pressures and the diverse needs and expectations of their workforce.
Ask a Brit how much they earn, and you’re likely to be met with awkward laughter or a change of subject. But while we’re famously tight-lipped about pay, that cultural discretion is being quietly eroded, at least on job ads. In fact, UK employers are now leading the way in Europe when it comes to salary transparency in job postings.
IonQ and Oxford Ionics announce they have entered into a definitive agreement for IonQ to acquire Oxford Ionics in a transaction valued at $1.075 billion, which will consist of $1.065 billion in shares of IonQ common stock and approximately $10 million in cash (subject to customary closing adjustments and expenses).
Q5D has raised $13.5 million in funding to advance its robotic cells that automate product electrification, bringing its total funding to $16.7 million. This new funding includes a $2.6 million grant (£2.0 million) from Innovate UK and a $10.9 million Series A co-led by existing investors, Lockheed Martin Ventures, Chrysalix, and Maven SWIF, with other investment from SOSV, UKI2S, UntroD, and CPI Enterprises.
Sage and its partner Village Capital awarded six grants totalling $170,000 to select startups from the ‘Sage Impact Entrepreneurship Program’, powered by Sage Foundation. The grants were awarded at the Sage Impact Entrepreneurship Summit, a two-day event of learning and networking for the Core Cohort of the programme, which ran in Atlanta, USA, from 4-5th June 2025.
Pactum announces its Series C fundraise of $54 million. This round, led by global software investor Insight Partners, brings the company’s total funding to date to more than $100 million and will help bolster enterprise procurement with agentic AI solutions that work alongside humans to negotiate and close supplier deals at scale.
It is often stated that in the metamorphosis between a caterpillar and a butterfly there is a very ugly larval stage. Parallels could be drawn between this and the labour markets of the UK and Europe. While the power and ubiquity of technology is increasing, rules, regulations, and legacy attitudes are holding back the potential of entrepreneurs and startups.












