Category: News

The governor of the Bank of England has acknowledged the challenges faced by policymakers due to unreliable data, expressing a desire for more accurate figures on the unemployment rate.

The UK economy is showing signs of emerging from recession, with new official figures indicating a 0.2 per cent growth in gross domestic product (GDP) in January.

NatWest, the UK’s largest business bank with 1.5 million business customers, is set to provide expedited access to loans of up to £250,000 within 24 hours of application, in response to increasing competition from alternative lenders.

The Environment Audit Committee has raised concerns about the UK government’s progress in tackling electronic waste (e-waste), highlighting that little headway has been made since its report in November 2020.

Rishi Sunak has sparked controversy by endorsing the construction of new gas-fired power stations, stating that he will prioritise energy security and avoid jeopardising it.

The Competition and Markets Authority (CMA) has initiated a formal market investigation into the veterinary sector following a review that uncovered several issues within the industry.

Following the announcement by the Financial Conduct Authority (FCA) regarding a change in rules allowing securities backed by cryptocurrency to be traded in London by institutional investors, the price of bitcoin soared to unprecedented heights.

The dwindling pace of wage growth coupled with declining demand for staff has intensified pressure on the Bank of England to consider cutting interest rates in an effort to rejuvenate a faltering job market.

Octopus Energy is set to bolster its services division with the recruitment of 3,000-4,000 new team members this year, aiming to accelerate the deployment of clean energy technology nationwide.

Labour has outlined plans to utilise a state-owned British Business Bank to provide funding for female-led businesses, should it secure victory in the upcoming general election.

The Office for National Statistics (ONS) has introduced vinyl records into its basket of goods used to gauge inflation for the first time since 1992.

Entrepreneurs are constantly seeking ways to maximize profitability and streamline operations. One often overlooked area for potential savings is energy consumption.

Members of Parliament are urging the implementation of new legislation to prohibit City firms from employing non-disclosure agreements (NDAs) to silence victims, following a parliamentary inquiry that uncovered a “shocking” prevalence of sexual harassment and bullying against women within the UK’s financial sector.

New figures released by HM Revenue & Customs (HMRC) reveal that the ‘VAT gap’ – representing the disparity between the VAT theoretically owed and the amount actually collected by HMRC – has reached £8.6 billion for the fiscal year 2022/23.