James Watt has criticized Labour ministers for their limited business experience, claiming that it has a detrimental impact on economic decision-making. He argues that the UK should lower taxes on businesses to encourage greater entrepreneurship and attract affluent individuals. In 2024, the number of bankruptcies in England and Wales rose by 14%, with 117,947 personal insolvencies reported. Aldi has disclosed a wage increase for in-store employees, elevating the minimum hourly rate to £12.71 commencing in March 2025.