Britain’s biggest police force is using facial recognition technology to tackle London’s worst shoplifters by matching CCTV stills to mugshots.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Inflation could create £2bn rise in business rates
Inflation-linked business rates could rise by up to £2 billion next year, which would be the “final nail in the coffin” for many struggling retail and hospitality firms.
London house prices fell by 1.4 per cent in August
House prices in the capital fell further in August, according to the government’s latest house price index, as higher interest rates continued to weigh on the market.
X begins charging new users $1 a year
Elon Musk’s X, formerly known as Twitter, has started charging new users in New Zealand and the Philippines $1 (£0.82) a year to access key features, as part of a new trial.
HSBC disables text functions on staff phones as regulators probe unauthorised communications
HSBC is disabling texts on its staff’s work phones, following regulatory investigations into unauthorised business communications.
Lloyd’s of London warns major cyber attack on payments could cost world $3.5 trillion
A major hack of a financial services payments system could cost the world $3.5 trillion, Lloyd’s has found, as demand for cyber insurance booms.
Network Rail warned over ‘unacceptable’ overcrowding at London Euston
Network Rail is failing to prevent safety risks from “unacceptable” overcrowding at London’s Euston station, regulator the Office of Rail and Road (ORR) said.
UK car industry calls for delay to EU electric cars tariffs to boost sales
The UK car industry has said incoming tariffs between the UK and the EU could raise the price of imported electric cars by as much as £3,400 unless a solution is found by the end of the year.
Electric truck maker Volta fails after supply chain breakdown placing 600 jobs at risk
Volta Trucks, the Swedish electric lorry firm with extensive British operations, has announced that it is to file for bankruptcy, putting hundreds of jobs at risk, after a breakdown in its supply chain prevented it from raising sufficient funds.
UK inflation rate holds steady at 6.7%
Consumer price inflation remained steady in September despite another drop in food price growth, as higher petrol prices helped sustain pressures in a slowing economy.
Gove in a fresh bid to scrap green housebuilding rules calling Labour’s ‘crude, nimbyist appeal’
Communities Secretary Michael Gove has signalled the Government will make a fresh bid to scrap environmental rules to boost housebuilding.
Slow progress on sexism in the City as women still ‘battling’ to the top, MPs told
Limited progress has been made on tackling sexism in the City of London, with women still “battling their way to the top”, MPs have been told.
CMA launches probe into Worcester Bosch following ‘greenwashing’ boiler claims
The competition watchdog is to investigate boiler brand Worcester Bosch over whether it misled shoppers with confusing or inaccurate green claims.
Pay overtakes costs for first time in nearly two years
Average pay growth rose above inflation for the first time in almost two years, in a sign that the squeeze on living costs may be starting to ease.
Rolls-Royce to cut up to 2,500 jobs
Rolls-Royce Holdings has confirmed plans to cut up to 2,500 jobs as part of the new chief executive’s plan to simplify the company’s management structure.
