Discover how steep furniture and fashion discounts slowed retail price declines in January, as new BRC data hints at looming cost pressures for UK retailers.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
AI-fuelled job automation set to widen inequality in the UK, warns report
The rapid automation of millions of jobs through artificial intelligence could intensify economic inequality across the UK unless the government steps in with targeted support, according to a new study by the Institute for the Future of Work (IFOW).
British businesses brace for fresh downturn amid rising costs and tax burdens
UK businesses expect a downturn in trading over the coming months, warns CBI, as high costs and tax burdens threaten jobs and the government’s growth agenda. learn how employers are reacting to weak demand and looming ni rises.
GRYD Energy raises £1M to roll out zero-cost solar subscriptions nationwide
GRYD Energy raises £1 million to expand its zero-cost solar subscription service. discover how the London-based startup’s innovative model removes upfront installation costs and helps UK homeowners switch to clean energy.
Gresham House Ventures invests €4.25m in accessibility platform Mobility Mojo
Gresham House Ventures commits €4.25m to Mobility Mojo, a dublin-based accessibility audit and data platform, to boost ai-driven capabilities and global reach.
Government calls for small businesses to enter ‘Made in the UK, Sold to the World’ export awards
British SMEs are invited to enter the government’s made in the uk, sold to the world export awards.
Barclays CEO set for potential 45% pay hike to more than £14m
Barclays considers cutting fixed pay and boosting bonuses for CEO CS Venkatakrishnan, potentially lifting his maximum compensation to more than £14m.
Reeves plans closer ties between National Wealth Fund and regional mayors to drive local growth
Rachel Reeves directs the national wealth fund and the office for investment to partner with local mayors, launching new taskforces for region-specific growth strategies.
Record surge in UK businesses facing severe financial distress as costs climb
New data reveals a record 50% jump in uk companies facing severe financial distress, with construction and consumer sectors hit hardest amid tax hikes and weak demand.
Consumer confidence slumps to year-low as households brace for ‘dark days ahead’
Consumer confidence in the UK has fallen sharply to its lowest point in over a year, according to the latest GfK data, suggesting that households are pessimistic about both personal finances and the wider economic outlook.
Lloyds CEO applauds Treasury move to tackle motor finance mis-selling
Charlie Nunn, Lloyds Banking Group’s chief executive, has welcomed the government’s decision to intervene in a landmark car finance mis-selling case and expressed hope that it will help bring clarity to an industry under legal and regulatory pressure.
Trump poised to reject Mandelson as UK ambassador to the US
Donald Trump is threatening to block Peter Mandelson’s appointment as the new UK ambassador to Washington unless strict limits are imposed on his actions.
ONS to spend millions on temp workers to fix ‘unusable’ UK employment data
The Office for National Statistics (ONS) has signed a deal worth £8 million to hire hundreds of temporary workers in a bid to repair what economists warn is “virtually unusable” data on employment in the UK.
Dragons’ Den star Sara Davies’ crafting firm rescued in pre-pack deal
dragons’ den panellist sara davies invests personal funds to save her crafting business, crafter’s companion, in a pre-pack sale to modella capital. find out how the rescue plan preserves jobs and what it means for creditors.
Goldman Sachs predicts six interest rate cuts by mid-2026 as economy cools
Goldman Sachs forecasts the Bank of England will slash interest rates six times by mid-2026, citing weakened growth and easing inflation, with fresh rate cuts potentially arriving as early as February.
