The Bank of England signals a possible interest rate cut in August, the first in over four years, following a recent slowdown in inflation.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Supreme Court Ruling Signals Major Shift for UK Oil and Gas Projects
The Supreme Court’s landmark ruling mandates the full climate impact of new oil wells must be considered, potentially reshaping the future of UK fossil fuel projects.
Biffa Sues Scottish Ministers for £200m Over Failed Bottle Deposit Scheme
Biffa Sues Scottish Ministers for £200m Over Failed Bottle Deposit Scheme
Britons Curb Spending Despite Drop in Grocery Inflation, Reports Kantar
Kantar’s latest report reveals Britons are cutting back on supermarket and summer purchases despite a slowdown in grocery inflation, influenced by poor weather and ongoing financial pressures.
Rail Season Ticket Usage Hits Record Low Amid Shift to Hybrid Working
The usage of rail season tickets in Great Britain has plummeted to a record low of 13%, down from 34% pre-pandemic, driven by a rise in hybrid working.
London Reclaims Title as Europe’s Largest Stock Market
The London Stock Exchange (LSE) has surpassed Paris to become Europe’s most valuable stock market again. Discover the factors behind this milestone and what it means for investors.
Low Investment Blocking UK Growth, Says Think Tank
The Institute for Public Policy Research (IPPR) warns that low investment levels in the UK are hindering economic growth. Discover the challenges and proposed solutions to boost productivity and living standards.
Nvidia Overtakes Microsoft and Apple to Become World’s Most Valuable Company
Nvidia has overtaken Microsoft and Apple to become the world’s most valuable public company with a $3.35 trillion valuation, driven by the booming demand for AI technology.
Soup Sales Surge as Rainy Spring Affects Consumer Spending
A rainy spring boosts soup sales but slows overall grocery spending. Kantar reports increased comfort in household finances and predicts a spending rise from the Euros football tournament.
Chinese House Prices Plunge at Fastest Rate in a Decade
China’s property market faces its sharpest decline in a decade, with new home prices dropping 0.7% in May, sparking fears for the economy. Analysts suggest more government intervention may be needed.
Labour Risks Higher Mortgage Bills and Worse Unemployment, Warns HSBC
HSBC economists warn Labour’s plan for a ‘genuine living wage’ could trigger higher unemployment and increased mortgage costs. The plan aims to strengthen workers’ rights but may stoke inflation.
London’s Productivity Decline Linked to Remote Work, Reports ONS
London sees significant productivity drop as remote work continues post-pandemic, while regions like the North West show growth. Experts point to office absence and transport issues as key factors.
McDonald’s Ends AI Drive-Thru Trial Amid Fast-Food Industry’s Automation Push
McDonald’s halts its AI drive-thru trial, reflecting broader challenges and opportunities in the fast-food industry’s embrace of automation technology.
Labour Warned Over Living Wage Plans
HSBC economists warn that Labour’s living wage plans could fuel inflation and job losses. Meanwhile, Rachel Reeves outlines plans for a global investment summit to boost foreign investment post-election.
Reform UK Manifesto: Seven Million to Pay No Income Tax
Reform UK unveils its 2024 manifesto, pledging significant tax cuts and public sector reforms. Key policies include raising the income tax threshold, eliminating IR35 rules, and boosting police and army recruitment.
