Rishi Sunak will seek to build a stronger defence with Japan amid fears of China’s rising militarisation as he travels to Tokyo and Hiroshima for the G7 summit.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
UK retailers are missing out as shoppers are going abroad to save on VAT
British shoppers looking to cut the cost of big purchases are travelling to the Continent where tax breaks are still offered.
BT to cut up to 55,000 jobs by 2030
BT Group has said it will cut up to 55,000 jobs by the end of the decade as part of plans to significantly cut costs and overhaul its workforce.
Vauxhall-maker warns Brexit threatens electric cars in UK
One of the world’s biggest carmakers has called on the government to renegotiate part of the Brexit deal or risk losing parts of its car industry.
Small firms could be entitled to thousands from insurers after Covid payment ruling
Hundreds of thousands of small businesses that claimed on their insurance during the Covid pandemic but had their payouts delayed could be owed thousands of pounds after a ruling by the UK’s financial ombudsman.
Insolvencies drop 15 per cent – but experts warn ‘we’re not out of the woods yet’
Corporate insolvencies dropped off in April as business confidence seemed to improve but experts warned that the drop may not signal better times ahead.
No 10 food summit ‘no more than a PR stunt and full of empty gestures’ failing to tackle key issues
Rishi Sunak’s Downing Street food summit has been slammed as just full of “empty gestures and no more that an a PR stunt” by food and farming industry representatives
Royal Mail could face fine as regulator looks into late deliveries
The communications regulator has launched an investigation into poor performance at Royal Mail that could lead to a fine after more than a quarter of first-class mail was not delivered on time.
EU upgrades its forecasts but says UK will lag behind
The European Union has upgraded forecasts for its growth this year, while predicting a “modest contraction” in the size of the British economy.
Vodafone to cut 11,000 jobs in turnaround plan
Vodafone’s new chief executive said she would cut 11,000 jobs over three years as she set out her plans to simplify the telecoms group.
Record rise in long-term illness pushes UK unemployment rate to 3.9%
Unemployment is creeping up as the number of people not working due to long-term sickness rose to a new record and vacancies continued to decline in an early sign that the labour market is cooling, official figures show.
Millions face income tax rise that will put them in 40p band
Rishi Sunak is facing mounting Tory unrest as he imposes the biggest tax rise since the 1970s, dragging millions of middle earners into the 40p rate of income tax.
Royal Mail boss Simon Thompson to step down
Royal Mail boss Simon Thompson is to step down from his role, the owner of the postal giant has said.
Payments Start-Up Attracts Industry Heavyweights in $550k Funding Round to Revolutionise Way Groups Pay Together Online
Hands In, the innovative payments start-up, has completed a $550k funding round to accelerate the commercialisation of its group payment services.
Bank lending to rise by £29bn as Britain dodges recession
Banks are expected to increase their lending this year as the UK economy swerves the predicted and the housing markets shows small signs of some revival, according to a panel of leading economists.
