Luxury car maker Aston Martin Lagonda saw a 27 per cent year-on-year jump in revenues in the first quarter of 2023 as wealthy consumers chose to ride out recession fears in all-leather interiors.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Start Up Loans celebrates £70M of loans to businesses in East of England
Since launching in 2012, Start Up Loans has delivered more than 7,300 loans worth over £70 million to businesses in East of England, with the average loan value being £9,684.
Dyson to open £100m technology centre in Bristol
Dyson is to spend £100 million on a new technology centre in Bristol as part of a five-year programme of investments totalling £2.75 billion.
King’s Coronation to give UK SMEs a £180m revenue boost
Nearly three-fifths of small business leaders are expecting revenues to increase this quarter when compared to the first three months of 2023.
Bumper BP profits of £4bn in three months spark fierce criticism
Oil and gas giant BP has reported another set of strong results as energy prices remain high.
Food inflation hits another record high as pressure mounts on home finances
Food prices increased by a record annual rate of 15.7% last month as pressure continues to mount on household finances.
Cost of living squeeze ‘is holding back’ UK small businesses
Small businesses across Britain are warning that the cost of living squeeze is holding back economic growth, after two in five company bosses reported a drop in sales at the start of the year.
Coronation cheers pub trade but worries on energy linger
Pubs, bars and restaurants are among the UK’s smaller businesses expecting a £180 million boost thanks to extended licensing hours for the coronation weekend, according to Barclays.
UK business confidence recovers but dark clouds on horizon, warns FSB
The Federation of Small Businesses’ (FSB) quarterly survey has found that business confidence has recovered.
More teacher strikes loom as unions vow to coordinate action in autumn
Every state school in England could face more strikes in the autumn, after teaching unions vowed to coordinate walkouts if they go ahead.
Cambridgeshire council, UK’s first, to trial four-day week hailed a success
The first ever council trial of a four-day-week has been hailed as a success, with average employee performance improving.
British workers increasingly likely to work into their 70s, research suggests
British workers are increasingly likely to work into their 70s, according to new research that found the cost of living crisis has left older people with little choice but to stay in employment.
King Charles urged to use his reign to breakup UK’s ‘network of satellite tax havens’
King Charles has been urged to call for the breakup of the “UK’s network of satellite tax havens” through which an estimated £152bn worth of tax is avoided every year, according to campaigners.
Recession fears reduce giving welcome boost to business confidence
Business leaders’ optimism about the next year has risen for a fifth consecutive month, returning towards levels recorded immediately before Russia’s invasion of Ukraine.
Night Time sector calls for VAT cut to halt string of nightclub closures
Ten nightclubs are closing every month in Britain as pressures continue to weigh on the sector.
