UK house prices saw a slight increase in June, but higher mortgage rates are dampening demand. Nationwide reports a 0.2% rise from May, with economists predicting flatlining prices over the summer. Explore regional price trends and market insights.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
UK manufacturing growth slows amid shipping delays and rising costs
UK manufacturing growth moderated in June as shipping delays and increased freight costs impacted exports. Despite this, companies remain optimistic about a market recovery, although demand from North America, China, the Middle East, and parts of Europe has declined.
Strike Suspension at Tata Steel’s Port Talbot Plant Following High-Level Talks
Unite suspends strike at Tata Steel’s Port Talbot plant after successful high-level talks on future investment, averting industrial action set to start next week.
Post-Brexit Border Delays Threaten UK and EU Horticulture Trade, Industry Leaders Warn
Horticultural trade bodies across the UK and EU highlight severe disruptions and increased costs due to new post-Brexit border checks, calling for urgent government action to resolve the issues.
UK Planning Laws Hinder Investment, Warns Eli Lilly CEO
Eli Lilly CEO Dave Ricks criticises UK planning laws as a deterrent for pharmaceutical investments, calling for reforms to enhance competitiveness.
Vast Dorset salt caverns to store hydrogen under former Royal Navy base
Plans are underway to excavate 19 vast salt caverns under Portland Harbour in Dorset for hydrogen storage, aiming to enhance the UK’s energy security.
Two Fifths of Britons Lack Basic Financial Literacy, Survey Reveals
An Opinium survey for Abrdn shows that 23 million UK adults struggle with financial literacy, highlighting the need for improved financial education.
Can the UK’s £40bn ‘Tax Gap’ Be Bridged by the Next Government?
Both Labour and the Conservatives aim to narrow the £40bn tax gap by tackling tax avoidance, but experts question if this will be sufficient to bolster public finances.
UK economy ‘will grow faster than forecast’, Says KPMG
KPMG upgrades UK economic growth forecast to 0.5% for 2024, suggesting stable conditions for the incoming government post-election.
Three set to miss rural broadband deadline
Three mobile network operator risks missing rural coverage targets by July, as Vodafone and VMO2 aim to meet the 88% landmass coverage requirement under the UK’s £1bn Shared Rural Network project.
Labour Appeals to Tata Steel to Postpone Port Talbot Closure Amid Strike Threat
Labour urges Tata Steel to delay shutting down blast furnaces at Port Talbot until after the general election, in light of impending industrial action by Unite members.
New Designers Shine at JCA London Fashion Academy Showcase
Today marks a significant milestone in the careers of four emerging designers as they debut their collections at the prestigious JCA London Fashion Academy’s Undergraduate show.
UK’s Energy Security at Risk Due to Political Policies, Warns Serica Energy
Serica Energy criticises UK government policies and opposition, citing windfall taxes and political instability as major threats to the offshore oil industry and energy security.
Stagnant Income Growth Leaves UK Households Struggling, Reports Resolution Foundation
The Resolution Foundation reveals sluggish disposable income growth for UK households since 2010, attributing it to economic shocks and slow growth. Poorer households experienced stronger gains, while richer ones saw minimal increases.
Debt Defaults Due to Higher Interest Rates Could Harm Economy, Warns Bank of England
The Bank of England has issued a warning that the UK economy could suffer if higher interest rates lead private equity-backed companies to default on their debts.
