Category: News

For the second year running, the top business opportunity for SMEs is the return of clients as the economy stabilises, according to a new report.

Uncertainty about whether the UK economy will tip into a recession caused by sky high inflation and the Bank of England hiking interest rates aggressively to tame it is keeping businesses grounded, a new survey out today shows.

The UK’s most prominent business lobby group, the Confederation of British Industry, is to lay off a swathe of its workers as it fights for survival amid a crisis prompted by multiple sexual misconduct allegations.

British Airways has been fined $1.1 million by the U.S. Transportation Department (USDOT) for failing to provide timely refunds to passengers for flights to and from the United States during the COVID-19 pandemic.

Britain’s major retailers and food manufacturers are increasing their lobbying efforts to postpone significant environmental reforms that will require them to pay for the collection and recycling of household packaging waste from next year.

UK house prices fell at their fastest annual pace for nearly 14 years in May, the Nationwide has said.

Amazon’s main UK division has paid no corporation tax for the second year in a row after benefiting from tax credits on a chunk of its £1.6bn of investment in infrastructure, including robotic equipment at its warehouses.

Senior Tory MPs including former chancellor Nadhim Zahawi and Jacob Rees-Mogg are calling for inheritance tax to be abolished.

Toys ‘R’ Us will make its return to the high street after five years, revealing plans to open nine concession stands in WH Smith. 

The IoD Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, stabilised at -6 in May 2023, little changed from the previous month’s value of -5 and ending a five-month climb from a low of -64 in November 2022.

Almost 60% of people would like to see the UK government regulate the use of generative AI technologies such as ChatGPT in the workplace to help safeguard jobs, according to a survey.

Rail services will grind to a halt in parts of the country today as a fresh wave of strikes begins.

Britain’s most prominent business lobby group has sought guidance on possible insolvency as it battles for survival in the wake of sexual misconduct allegations.

UK Export Finance (UKEF) has announced £300k of support for Telford-based battery manufacturer AceOn, allowing it to secure new export contracts in the Portuguese renewable energy market.  

Food inflation cooled slightly in May as lower energy and commodity costs finally showed signs of filtering down to consumers.