The latest news affecting small and medium sized (SME) businesses in the UK
Thames Water faces a critical juncture as it scrambles to present a viable plan to Ofwat by June 12, amidst an £18 billion debt crisis. With shareholder investments hanging in the balance, the UK’s largest water utility fights for survival, impacting millions of customers.
The former site of Britishvolt, a failed battery startup in northeast England, has been acquired by US private equity firm Blackstone Group for £110 million.
Despite previous commitments to transition to an all-electric marque by 2025, Jaguar has announced plans to prolong the production of internal combustion vehicles well into next year.
Barclays has emerged as the most complained-about bank for small business account closures.
Jeremy Hunt has condemned Thames Water’s plea for increased household bills in the face of potential insolvency as “utterly outrageous.”
The UK economy exhibited signs of recovery as Gross Domestic Product (GDP) rose by 0.1 per cent in February, propelled by improved performance in both the production and services sectors.
Meta, the parent company of WhatsApp, is under fire for its recent decision to reduce the minimum age requirement for the messaging app from 16 to 13, sparking concerns over child safety.
Reports have surfaced alleging that Chinese factories are producing counterfeit British stamps in large quantities, raising concerns about the integrity of the UK’s postal system and potential economic implications.
London’s Heathrow airport has said a new £10 charge for visa-exempt passengers travelling through the hub is a “huge blow,” despite reporting a second consecutive month of record passenger traffic.
Tesco, Britain’s largest private employer, plans to distribute a £70 million “thank you” bonus to over 220,000 hourly paid employees following a significant increase in profits
Lawrence Stroll, the executive chairman of Aston Martin, has declared that the luxury carmaker will persist in producing petrol hybrid vehicles until legislative mandates compel them to cease
A recent anonymous online poll conducted by RollonFriday, a prominent law industry website, has revealed troubling insights into billing practices among lawyers, with over a third of respondents admitting to padding their time sheets.
The UK government unveils plans to invest over £55 million in expanding facial recognition systems, including mobile units for high streets, as part of a new initiative to combat shoplifting. Tougher penalties for serial offenders and abusive shoplifters are also announced.
Post-Brexit visa rules in the UK, including a raised minimum salary threshold for skilled work visas, are forcing young Italian workers, including waiters, out of London, leaving the city’s hospitality sector struggling to fill positions.
King Charles expressed surprise as he was presented with new British banknotes featuring his image, marking only the second time a reigning monarch has appeared on UK currency. The notes, ranging from £5 to £50, will enter circulation gradually from June 5.
