Barclays is set to close 14 more banks over the coming months it has been revealed today.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
High court quashes rules letting agency workers cover for UK strikers
Legal changes brought by the government to let agency staff fill in for striking workers have been quashed by the high court, with ministers’ approach to the policy being labelled “irrational”.
More than a quarter of UK adults have used generative AI
More than a quarter of UK adults have used generative artificial intelligence such as chatbots, according to survey showing that 4 million people have also used it for work.
Sunak offers 6% pay rise to millions of public sector workers
Millions of public sector workers will be given a pay rise of at least 6%, but government departments have been told to fund the rise from within existing budgets.
Elon Musk accused of owing $500m in Twitter severance
A former human resources boss at Twitter has accused the company of failing to pay roughly $500m (£385m) in severance pay owed to former staff of the company.
GDPR fines hit €1.5 billion in first half of 2023
General Data Protection Regulation (GDPR) established by the European Union is a formidable legal framework designed to regulate the processing and transfer of personal data across member states.
FCA warns financial services firms over AI fraud
The head of the Financial Conduct Authority has said that artificial intelligence could disrupt the financial services sector in “ways and at a scale not seen before”, warning that the regulator would be forced to take action against AI-based fraud.
Crisis in working conditions making Brits ill
Work is creating an epidemic in poor mental health according to new polling commissioned by Workwhile, with more than half of Brits – 57 per cent – concerned that their mental health is suffering because of the demands of their jobs.
New Renault-Geely engine firm to have headquarters in UK
A new global company being launched by French motor giant Renault and Chinese carmaker Geely is set to have its headquarters in the UK.
Sunak says no to tax cuts before next election – as he sets out ‘overriding priority’
Rishi Sunak has hinted there will be no tax cuts on offer from the government before the next general election, as his party faces three by-elections next week.
Tesla set to sell electricity in Britain
Tesla is preparing to shake up the British energy market by launching a retail provider and selling electricity to households.
UK security minister announces fraud crackdown
Representatives from across the private sector have gathered at 10 Downing Street to update the government on progress made to tackle fraud and protect the public from scams.
Meta plans feed for Threads after users complain
Threads will add an alternative home feed of posts as part of a series of updates to the new social media app after users complained.
Digitisation of trade docs would save firms £1.1bn and put UK ‘ahead of G7 and most the world’
Businesses are expected to save £1.1 billion over 10 years through a proposed change in the law that will allow for greater digitalisation of documents used in international trade, a minister has said.
Record wage growth could see another interest rate rise from Bank of England
It seems strange to cheer what economists call a “loosening in the labour market”.















