Category: News

Almost 2,000 more British independent stores were left empty in the first half of this year, as small businesses struggled to cope with rising inflation and the cost of living crisis.

The Confederation of British Industry, one of the UK’s largest business lobby groups, has shelved plans for a tie-up with manufacturing body Make UK, telling members it was “confident” an alternative emergency cash rescue would be found.

Sunak declared that he was entering a new phase of his premiership, and that after a year bringing “stability and competence ” into government, he now wanted “to change the direction of the country and build a better future for our children”

In a snap poll commissioned by Business Matters a significant 68% of surveyed SMEs in the UK expressed disagreement with Prime Minister Rishi Sunak’s alteration of the country’s net zero policy.

The government borrowed bill less than expected last month as falling inflation and bumper tax revenues helped to improve the state of the public finances.

The Bank of England’s decision on whether to push ahead with another interest rate rise today or hit pause was on a knife-edge after a cooldown in inflation in August surprised the City.

Rishi Sunak has outlined a series of measures to water down the government’s climate change commitments claiming that politicians had not been “honest with the public” about the cost of net zero.

Delaying a ban on sales of new petrol and diesel cars could put drivers off switching to electric, the boss of the UK’s motoring industry body has warned.

The UK Government is set to launch a new £2m funded AI and innovation business advisory to help organisations mitigate AI risks and bring innovations to market quicker.

The CBI has been forced to postpone its annual general meeting, less than 24 hours before it was due to start, as it struggles with a financial crisis.

UK inflation has fallen to the lowest level since February last year, surprising forecasters and raising the chances of the Bank of England leaving interest rates unchanged tomorrow for the first time in nearly two years.

Small businesses are facing a ‘quadruple threat’ of rising interest rates, rocketing energy prices, delayed customer payments and the cost of meeting sustainability expectations.

The ban on sales of new petrol and diesel cars from 2030 is to be delayed under plans to water down key net zero policies being drawn up by Rishi Sunak.

The UK will be the second worst performing economy in the G20 next year after its growth projections were downgraded and its inflation forecasts raised by the Organisation for Economic Co-operation and Development.