The trade deficit widened in February as export volumes declined to more than 9 per cent below the 2019 pre-pandemic average.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Unemployment must be higher to keep a lid on inflation, Bank of England’s Huw Pill claims
A greater proportion of the UK population than before the recent series of economic shocks may need to be unemployed in order to keep a lid on inflation, the Bank of England’s chief economist has claimed today.
Former TSB chief information officer fined £81,000 over IT meltdown in 2018
UK regulators have imposed an £81,000 fine on a former TSB information officer over the bank’s IT meltdown in 2018 that left millions of customers locked out of their accounts.
Banks prepare to tighten supply of new mortgages
Lenders expect to ease the supply of new mortgages in the coming quarter, according to the Bank of England’s latest study of bank intentions.
myenergi secures £30m from HSBC UK to drive smart home technology growth
Eco-smart home technology manufacturer, myenergi, has secured a £30m funding package from HSBC UK to support the development and production of innovative smart home energy products.
Quarter of UK firms to make redundancies in 2023, according to new research
More than a quarter of UK organisations say they are likely to make redundancies in 2023, according to new research.
UK economy showed no growth in February
The UK economy stagnated in February after civil service and teachers’ strikes hit output in the services sector, official figures show.
Holiday home owners face seeking approval to let them out
Second-home owners will be forced to seek planning permission to start renting out their properties as holiday lets, under plans to reduce housing pressure in tourist hotspots.
Tesco cuts milk prices after wholesale costs fall
Tesco has cut the price of its milk for the first time since May 2020, in a possible sign that price rises for a weekly shop could be starting to ease.
£1.2m fund backs drones to deliver freight to isolated parts of the UK
Drones will take to the sky in the Orkney Islands, as part of a £1.2m funding package to encourage more innovative and cleaner freight delivery solutions across the country.
JP Morgan’s tell top bankers to work five days a week in the office
JP Morgan has asked its senior bankers in all of its offices around the world to work from the office five days a week in another sign of executives’ growing frustration with homeworking.
Elon Musk admits that owning Twitter has been painful
Elon Musk said he bought Twitter because it was the “right thing to do” but admitted that it has been “painful” and “stressful”.
UK Retail sector hopes to get Royal boost on King’s coronation to lift sales
Shoppers put cost of living fears behind them as they splashed out on Mother Day gifts in March, helping to slightly boost retail sales, but damp weather and soaring inflation has left the sector holding out for the King’s coronation in May to see a “larger uptick” in sales.
Recession clouds lift over UK jobs market as hiring starts to recover
Recession clouds are receding from the UK jobs market as companies gradually regain confidence about hiring workers following a batch of better than expected economic data since the turn of the year, new figures out today reveal.
Community staple chip shop serves its final portion as it succumbs to cost-of-living crisis
A fish and chip shop owner has served up his last scrapings more than 60 years after the business opened its doors.
