
Loss of tax-free tourist shopping blamed for Selfridges job losses
Selfridges is facing new job losses, attributed to the discontinuation of tax-free shopping for tourists and a downturn in luxury spending.
The latest news affecting small and medium sized (SME) businesses in the UK

Selfridges is facing new job losses, attributed to the discontinuation of tax-free shopping for tourists and a downturn in luxury spending.

Analysis indicates that mortgage payments for approximately 800,000 homeowners are poised to skyrocket by more than £200 per month before the anticipated late-autumn election.

Car manufacturers are sounding the alarm over slowing demand for electric vehicles (EVs) among private buyers in the UK, prompting urgent calls for government intervention to…

In a landmark decision, members of the historically male-only Garrick Club have voted to open their doors to women for the first time in its 193-year…

Britain is set to enforce stringent rules on social media giants like TikTok and Instagram to curb harmful content reaching children

The Commons Treasury committee has expressed concerns over proposed lending rules that could adversely affect small businesses in the UK.

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…

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.

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…

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…

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…

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, a prominent artificial intelligence company based in San Francisco, has announced its decision to establish its first international headquarters in the UK.

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,…

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…