UK Finance calls for the next government to enhance financial education, tackle fraud, and support net-zero investments to promote economic growth and safeguard the financial sector.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Business Confidence Soars to Decade-High as Economy Stabilises Under Sunak
Business confidence in the UK reaches its highest level in nearly a decade, supporting Prime Minister Rishi Sunak’s claims of economic stability since taking office.
Czech Billionaire Plans £400m Overhaul for Royal Mail, Sparking Job Concerns
Czech billionaire Daniel Kretinsky proposes a £400 million investment to transform Royal Mail with out-of-home delivery networks, raising fears over job losses and the future of traditional red pillar boxes.
Sir Patrick Vallance Champions Labour’s Accelerated Green Energy Initiative
Sir Patrick Vallance supports Labour’s ambitious plan to decarbonise Britain’s electricity by 2030, advocating for a Covid-style urgency in achieving net zero. His backing emphasises the national economic benefits and the need for rapid action.
UK Households with No Work Reach 12-Year High Amid Labour Crisis
The number of UK households with no working adults hits a 12-year high, exacerbating Britain’s labour crisis and stifling economic growth, according to ONS data.
Jaguar Land Rover Boosts EV Mechanic Training to Tackle High Repair Costs
Jaguar Land Rover is training thousands of mechanics to service electric vehicles, aiming to reduce high repair costs and prepare for the launch of the all-electric Range Rover.
British Firm Curve to Challenge Apple Wallet with New Payment System
London-based fintech company Curve plans to launch an alternative to Apple Wallet, leveraging recent regulatory changes to offer users more payment options on their iPhones.
Zoopla: Increased Housing Supply to Stabilise UK House Prices
Zoopla reports an eight-year high in the number of homes for sale, predicting that the increased supply will help stabilise UK house prices throughout 2024.
UK Car Industry Urges Government Action Amidst Production Decline
The UK’s car manufacturing sector calls for a comprehensive industrial strategy from the next government to support the transition to electric vehicles as production continues to fall.
IWG Founder Sells £68.5m in Shares to Repay Bank Loan
IWG founder Mark Dixon sells £68.5m worth of shares to repay a Deutsche Bank loan, retaining 25.2% ownership in the company. IWG shares drop following the sale.
Sunak Pledges to Replace ‘Rip-off’ Degrees with Apprenticeships
The Conservative Party plans to eliminate underperforming university courses in England to fund 100,000 apprenticeships annually. The initiative aims to address high drop-out rates and poor job prospects.
“Triple Lock Plus” to Exempt 750,000 Pensioners from Tax, Says IFS
Rishi Sunak’s “triple lock plus” plan aims to exempt 750,000 pensioners from income tax and boost incomes for 7.5 million retirees. The IFS analyses the impact and cost of this proposal.
MPs Warn Sunak’s £1bn Rural Mobile Network Plan at Risk Due to Surging Costs
The £1bn plan to eliminate rural mobile signal ‘not spots’ is in jeopardy as escalating costs threaten funding shortfalls. MPs caution that the ambitious project may face significant delays and obstacles.
Royal Mail on Brink of £3.5bn Takeover by Czech Billionaire
Royal Mail nears acceptance of a £3.5bn takeover by Czech billionaire Daniel Kretinsky, marking a historic move towards foreign ownership. Regulatory scrutiny and public interest undertakings are expected to shape the final deal.
Retail Revival: High Street Sales Surge in May
Retail sales in May soar to their fastest growth in 18 months, boosting the Conservative election narrative as economic conditions and weather improve, according to the latest CBI survey.
