
UK economy contracts by surprise 0.5% in July
The UK economy contracted much faster than expected in July, weakened by industrial action, wet weather and higher borrowing costs, official figures showed.
The latest news affecting small and medium sized (SME) businesses in the UK

The UK economy contracted much faster than expected in July, weakened by industrial action, wet weather and higher borrowing costs, official figures showed.

The chief executive of BP has resigned less than four years into his tenure after admitting that he failed to fully detail relationships with colleagues.

The state pension is likely to rise by 8.5% in April after data crucial to the so-called triple lock was published.

A pint of beer during the busiest periods will cost drinkers 20p more under a “dynamic pricing” system introduced by Britain’s largest pub group.

Thousands of high-value manufacturing jobs are at risk because Britain’s largest train assembly plant is due to run out of work by the end of the…

Workers’ wages outstripped the pace of inflation for the first time in over a year in July, helping ease the strain on households who have suffered…

Electric car subscription company Onto has entered administration just over a year after securing nearly £150m in funding.

Luxury retailers are choosing China over London as the “tourist tax” stifles a post-pandemic shopping resurgence, the head of a payments processing company has warned.

Jeremy Hunt has hinted that tax cuts are unlikely to be on offer before the next general election after warning that inflation had proved “stickier than…

The Trades Union Congress (TUC) says it is reporting the UK government to the United Nations watchdog on workers' rights over a new strikes law.

The Wilko name will disappear from UK High Streets as a rescue deal for the chain fell through.

Lord Sugar, the business mogul and star of the popular reality TV show "The Apprentice," has found himself at the centre of a financial whirlwind involving…

The long-term future of Mini production in Britain has been secured, with BMW set to announce an investment of hundreds of millions of pounds in its…

The UK has provided $2 billion to the Green Climate Fund, the UK’s largest individual funding commitment towards climate change, at the G20 Summit in India.

Increases in the state pension will cost taxpayers up to £45 billion a year by 2050, a think tank has warned, adding pressure on ministers to…