The Trades Union Congress (TUC) has highlighted a concerning trend in the UK labor market, indicating that workers are significantly worse off compared to before the 2008 financial crisis.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Passport e-gates failure cause chaos at UK airports
Passport e-gates across key UK airports experienced a widespread malfunction, triggering chaotic scenes as travellers faced lengthy queues and manual checks by border officers.
We should be in a stand-off with China, says Iain Duncan Smith
Senior Tory MP Sir Iain Duncan Smith has said the UK should be imposing economic sanctions on China, following claims that the country has hacked the Ministry of Defence.
UK Construction Sector Shows Strong Growth Despite Housebuilding Challenges
In April, business activity in the UK construction sector expanded at its fastest pace in over a year, according to a new survey by S&P’s purchasing managers’ index (PMI). Despite this overall growth, housebuilding continued to face challenges.
UK Economy Shows Signs of Recovery, Exiting Recession
Recent analysis by Lloyds Bank suggests that the UK economy likely emerged from recession at the start of this year, with growth gaining momentum across several key sectors.
Abound Secures £800 Million Funding Round with Backing from Sir Tom Hunter
Abound, a British technology-driven lending firm, has successfully raised £800 million in its latest funding round, with support from investors including Scottish billionaire Sir Tom Hunter.
Scale AI Establishes First International HQ in UK
Scale AI, a prominent artificial intelligence company based in San Francisco, has announced its decision to establish its first international headquarters in the UK.
British Driverless Car Start-Up Secures $1 Billion Funding
Wayve, a British driverless car company, has made waves in the tech industry by securing over a billion dollars in funding from tech giants SoftBank, Nvidia, and Microsoft.
Wet Weather and Economic Caution Dampen Spring Retail and Restaurant Sales
The onset of spring has brought gloomy news for retailers and restaurants, with consumer spending remaining subdued amidst a backdrop of cold, wet weather and economic uncertainties.
Trainline Doubles Profit Amid Accelerating European Sales Despite Nationalisation Threat
Trainline has announced a remarkable surge in operating profit, exceeding 100 per cent growth last year, propelled by robust ticket sales, according to its latest annual results.
Goldman Sachs Lifts Bonus Cap for UK Staff, Allowing Earnings up to 25 Times Annual Salary
Goldman Sachs has announced the elimination of a bonus cap for hundreds of its top UK bankers, enabling star performers to potentially earn bonuses up to 25 times their annual salary.
Sunak to Allow Oil and Gas Exploration at Offshore Wind Sites
In a significant move likely to spark controversy, the government is set to permit fossil fuel companies to conduct oil and gas exploration beneath offshore wind-power sites for the first time.
UK Export Finance Vows Fivefold Rise in SME Support
UK Export Finance, the government’s trade finance arm, has committed to a significant expansion in the number of businesses it supports by 2029, with a particular focus on small and medium-sized enterprises (SMEs), especially those led by women.
Coutts Shifts £2 Billion from UK Stocks to Overseas Funds, Sparking Concerns Amidst Market Uncertainty
Coutts has stirred controversy by reallocating nearly £2 billion of client funds from the London stock market to overseas investments.
Mulberry Faces Sales Decline Amidst Luxury Market Slowdown
Mulberry, the British luxury brand renowned for its exquisite leather handbags, has encountered a 4% dip in annual sales, echoing broader trends of reduced spending among affluent consumers.
