The Bank of England is expected to raise interest rates to 4.5 per cent today, the highest since 2008, in the face of stubborn inflationary pressures and a stronger-than-expected economy.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Government pledge to cut red tape saving employers £1Bn described as ‘misery for workers’ by Unite union
The announcement from the government today, which claims that it is taking advantage of post-Brexit freedoms to remove unnecessary red tape and regulatory burdens which could save employers over £1billion has been slammed by Unite, the UK’s leading union.
UK companies overpaid £11.9bn in corporation tax last year
UK businesses overpaid £11.9bn in corporation tax the past year says UHY Hacker Young, the national accountancy group.
LinkedIn cuts 700 jobs and closes China app
LinkedIn has become the latest tech firm to axe jobs, closing 716 roles out of a 20,000 workforce.
Banks reining in SME lending according to new report
British businesses are increasingly worried about access to funding, with new data showing banks are reducing SME lending.
Ryanair signs $40bn deal for 300 Boeing aircraft
Ryanair has agreed a $40bn (£31bn) deal with Boeing that will see it purchase up to 300 new aircraft over the next decade.
Outdated IT systems threaten UK food security and air quality, say MPs
Food security and air quality in the UK are being put at risk by outdated IT systems at the Department for Environment, Food and Rural Affairs (Defra), a parliamentary committee has found.
Wetherspoon on track for ‘record’ year as chain shrug off inflation woes
JD Wetherspoon is expecting a “record” high in sales this year as the budget pub chain shrugs off inflationary and supply chain woes, sending its shares – with the company’s shares soaring over seven per cent when markets opened this morning.
UK businesses turn to temp staff amid recession worries
UK businesses are turning to part-time staff to avoid locking into long-term contracts for fear of being dragged down by the economic slump, a new survey out today shows.
Longer lorries to be allowed on UK roads
The government said more than 300 companies in the UK took part in the long lorry trial and almost 3,000 vehicles are already on the road.
More women accuse past CBI president John Allan of behaving badly
The former president of the CBI and current chairman of Tesco is facing further claims of inappropriate and unprofessional behaviour.
WhatsApp could disappear from UK over privacy concerns, ministers told
The UK government risks sleepwalking into a confrontation with WhatsApp that could lead to the messaging app disappearing from Britain, ministers have been warned, with options for an amicable resolution fast running out.
Bramble Energy secures £12M to provide first-of-its-kind technology to hydrogen bus project
Bramble Energy, an innovator in fuel cell technology, has joined forces with Equipmake, Aeristech and the University of Bath to develop a revolutionary new hydrogen double-deck bus integrating Bramble’s revolutionary, low-cost printed circuit board fuel cell (PCBFCTM) technology.
British industry held back by “flip-flopping” Conservative government decisions
Britain’s manufacturing leaders have given a damning verdict on a decade of “flip-flopping” by Conservative governments and demanded a non-partisan industrial strategy established by a royal commission and overseen by a council independent of ministers.
700,000 missed rent and mortgage payments in April due to inflation crisis
About 700,000 households missed mortgage or rent payments last month as the cost of living crisis continued to take its toll, according to a survey.
