Rishi Sunak is “alarmed” by the escalating cost of HS2 amid claims that executives on the project have acted like “kids with the golden credit card”.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
London offices lose fifth of their value in a year
Offices in London have lost almost a fifth of their value over the past year, much more than blocks in most other European countries.
Hollywood writers in deal to end US studio strike
Screenwriters in the US say they have reached a tentative deal with studio bosses that could see them end a strike that has lasted nearly five months.
Nissan pledges to go fully electric in Europe by 2030
Nissan has pledged to go fully electric in Europe by 2030, outpacing the watered-down ambitions announced by Rishi Sunak of the British government.
West Midlands tycoon, 21, saves Britain’s last remaining alloy wheel manufacturer
Britain’s last remaining manufacturer of alloy wheels has been rescued by a 21-year-old who is also vying to buy Morecambe Football Club.
Brussels urged to delay Brexit deadline amid fears of huge job losses for car industry
Brussels is resisting an “urgent plea” for the European Union to extend zero-tariff Brexit trade rules on electric vehicles amid car industry concerns over a deadline of New Year’s Day that could lead to job losses.
Amazon pledges $4bn to Anthropic in race for chatbot dominance
Amazon is making an investment of up to $4 billion in Anthropic in the latest in a series of alliances between big tech and artificial intelligence start-ups as hype around generative AI technology accelerates.
Business tycoon, John Caudwell, threatens to withdraw support for Sunak over ‘net zero madness’
UK business magnate John Caudwell, founder of Phones 4u, has announced his decision to withdraw his support from Prime Minister Rishi Sunak and the Conservative Party due to their views on the net zero initiative.
Jeremy Hunt calls for London to be the place tech companies choose to raise capital
Jeremy Hunt has said that London’s stock exchange should be like the Nasdaq exchange in the US and become “Europe’s place of choice” for technology companies that want to raise capital.
Bosses warn Sunak scaling back HS2 will hurt the UK
A coalition of industrial leaders has launched a last-ditch effort to implore Rishi Sunak not to scale back the HS2 rail line, warning that “constant changes” to the project were damaging Britain’s reputation among overseas investors.
Sunak set to announce plans to abolish Inheritance Tax
In a move that has sent tremors throughout the UK’s financial landscape, Prime Minister Rishi Sunak is rumoured to be set to announced plans to abolish inheritance tax (IHT) at the Conservatives Party conference next month.
Bumper tax revenues resulted in UK public borrowing lower than expected in August
The government’s borrowing bill was lower than expected last month as falling inflation and bumper tax revenues helped improve public finances.
Warner Bros confirms huge expansion of Watford studios
Watford is to become the unlikely new home for Batman and Superman after Warner Bros confirmed that it is to go ahead with a huge expansion of its Leavesden film studios.
HS2 Phase Two: Birmingham to Manchester expected to be cancelled within days
Insiders have revealed that the HS2 Phase Two project, the high-speed rail line from Birmingham to Manchester, is expected to be cancelled.
Bank of England maintains interest rate at 5.25%
The Bank of England has left its interest rate unchanged at 5.25%, a day after inflation unexpectedly fell by more than expected.
