Net migration to the UK has hit a record high of 606,000, new figures released this morning reveal.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Starling Bank chief Anne Boden to step down after announcing six-fold profits increase
Anne Boden is stepping down as chief executive of Starling Bank, nine years after founding the company.
CBI finalises plans for crucial vote on business group’s future
Scores of companies who have suspended their membership of the CBI will be allowed to vote on the business lobby group’s future at a crucial meeting next month.
Young Enterprise achieves 60th anniversary milestone – after helping 7.2M young people
Young Enterprise has provided 7.2 million young people with practical financial and enterprise education opportunities since being founded in 1962, including 1.1 million young people who have started Young Enterprise businesses.
UK mortgage holders will see payments rise to 30 per cent of their income, Barclays boss warns
UK mortgage holders will see their monthly payments jump to up to 30% of their income from about 20% over the past few decades, the boss of Barclays has said.
Staff work in central London offices for 2.3 days a week, study finds
Office workers in central London are spending on average 2.3 days a week in the workplace, according to a report that warns against a wholesale switch to working from home.
Virgin Orbit ceases operations months after failure of UK space mission
Virgin Orbit, the satellite launch company founded by British billionaire Richard Branson, will permanently cease operations, just months after a major mission failure.
Elon Musk to ‘seriously consider’ new Tesla gigafactory in England
Elon Musk has pledged to seriously consider England for a Tesla gigafactory, as the electric car-maker ramps up production across the world.
UK inflation falls to 8.7 per cent in April
Consumer price inflation fell sharply to the lowest rate in a year in April, but key measures of prices rose again last month in worrying news for the Bank of England.
Britain no longer heading for recession this year, says IMF
The International Monetary Fund has upgraded its outlook for the UK, forecasting growth this year instead of recession and no longer consigning the economy to the worst performing in the G7.
Ireland to become first country in the world to put health warnings on alcohol
Ireland is set to become the first country in the world to put health warnings on alcohol products.
Less than 10% of Britons think decision to leave European Union more of a success than failure
Brexit regret has reached record levels, according to new polling which said just 9% of Brits consider it to be more of a success than a failure.
Rail passengers in England could lose wifi access amid cost cuts
Train passengers face losing access to wifi after the government told rail companies to stop providing the service unless they can demonstrate its business case.
UK borrowing rises by more than expected on higher debt bill
The UK’s borrowing bill rose in April on the back of stubbornly high inflation forcing up the government’s debt interest payments.
Facebook to be fined £648m for mishandling user information
Facebook is to be fined more than €746m (£648m) and ordered to suspend data transfers to the US as an Irish regulator prepares to punish the social media network for its handling of user information.
