Government borrowing rose by less than forecast last month as strong tax revenues and a falling debt interest bill helped to boost the public finances.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Virgin Money to close a third of UK branches – is your local bank affected?
Virgin Money has become the latest lender to reveal a new wave of branch closures, revealing plans to axe almost a third of its network.
Unions calls for better protection for workers against AI
The UK is falling behind in protecting workers from artificial intelligence (AI), a trade union has warned.
Tesla may cut prices again in ‘turbulent times’
Tesla chief executive Elon Musk says the electric carmaker could continue to cut prices as the world economy is in “turbulent times”.
Ofcom proposes new rules to curb Mobile roaming charges
Mobile networks must tell people if they are going to be charged for using their phone abroad under new plans from the UK regulator.
Whitehall to bring in AI experts to spearhead innovation
Whitehall is set to bring in leading AI and data experts from the private sector to catapult tech skills and innovation in government departments, according to Cabinet Office Minister Jeremy Quin.
High street suffers as savvy shoppers spend less and hunt for best deals online
Amid ongoing inflation and rising costs, people are feeling the pinch with over half of businesses that noticed changes in spending reporting that their customers are spending less than they were in the first three months of the year.
UK mortgage rates could start to reduce within weeks as inflation drops
Cheaper mortgages could be available within weeks on the back of better than expected inflation figures that suggest interest rates are close to peaking.
Help over-50s start their own business to boost economy, say MPs
Over 50s who are out of work should be given support to start their own businesses, MPs have said.
Westminster City Council offers SMEs rent-free Oxford Street shops in new multi-million pound campaign
Small businesses are being offered the chance to take over a shop on Oxford Street, rent-free, as part of a new project launched today by Westminster City Council, in partnership with New West End Company.
UK inflation rate slows to 7.9% in June
The UK’s inflation rate has slowed more than expected to the weakest pace in 13 months, falling to 7.9 per cent on the back of a fall in petrol prices last month.
Tata confirm decision to build £4bn gigafactory in Somerset
Tata has confirmed plans to build a £4 billion battery factory in the UK in a boost to the automotive industry and government attempts to secure key investment.
Formula One World Champion Max Verstappen race suit and exclusive meet & greet raises £108,497 for wings for life in charity auction
F1 Authentics – owned by Memento Exclusives, the UK-based sports memorabilia specialist – and Oracle Red Bull Racing have raised a total of £108,497 for Wings for Life in an exclusive auction.
UK insolvencies rise 27% on last year
Insolvencies increased again in June as businesses continued to continue to grapple soaring interest rates and stubborn inflation.
Jaguar Land Rover-owner Tata to build UK battery factory in Somerset
Jaguar Land Rover-owner Tata is set to announce plans to build a flagship electric car battery in Somerset.
