The Chief Executive of UK Export Finance (UKEF), Tim Reid, meets with the Albanian Prime Minster, Edi Rama and Finance Minister, Delina Ibrahimaj, to cement their £4bn ambition for a closer UK-Albania export relationship.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
UK recession still on the cards after aggressive Bank of England interest rate hikes
A recession is still on the cards in the UK despite the economy performing much better than experts predicted just a few months ago, new forecasts out today project.
Two-thirds of UK workers with long Covid have faced unfair treatment, says report
UK ministers should act to ensure long Covid sufferers receive the support they need from employers, with as many as two-thirds claiming they have been unfairly treated at work, a report argues.
Windfall for group that sacked 800 P&O workers
The Dubai-owned company that admitted it had broken employment law by dismissing 800 British crew at P&O Ferries last March and replacing them with cheap foreign labour has been awarded a multimillion-pound windfall under Rishi Sunak’s freeports scheme, in what unions condemned as an “appalling” decision.
Ten construction firms fined total £60m for ‘illegally colluding’ on contract bids
Ten construction firms have been fined a combined £60m by the competition regulator for “illegally colluding” to rig bids for lucrative contracts for projects including Bow Street magistrates court and Selfridges department store.
Only 1% of £1.1bn lost in Covid business scheme recovered
Just 1% of the estimated £1.1bn lost from the government’s Covid business support programme in England as a result of fraud and error has been recovered so far, the public spending watchdog has said in a report urging ministers to learn lessons from the scheme.
Accenture cuts 19,000 jobs on slowdown fears
Accenture has announced plans to cut 19,000 jobs, about 2.5 per cent of its workforce, as corporate clients grow increasingly cautious about the strength of the global economy.
Worried consumers still plan to spend big
Consumer confidence continued to rise this month despite growing concern about personal finances, a closely watched survey shows.
UK interest rates rise to 4.25% after Bank of England decision
The Bank of England has pushed up the cost of borrowing to its highest level in nearly 15 years amid concerns that inflation will persist.
Retail sales rise 1.2% as households eat at home more
Retail sales volumes beat expectations to rise by their biggest margin in months to return to pre-pandemic levels in February.
UK ‘less prepared for a pandemic now than before Covid’
Britain is less prepared for a pandemic now than it was three years ago, thanks to the sale of a key vaccine manufacturing plant, leading scientists have warned.
Brexiteer Tories waver on support for Rishi Sunak’s Brexit deal
A key group of Brexit-supporting Conservative MPs are yet to say whether they will vote for Rishi Sunak’s Brexit deal.
Number of UK sectors in growth mode hits 10 month high
More UK sectors reported an increase in output than at any time in the past 10 months in February, as stronger demand and weaker cost inflation drove activity, according to the Lloyds Bank UK Sector Tracker.
Mini budget continues to wreak havoc on the UK housing market as annual sales dive 18 per cent
UK property transactions fell four per cent in February as the fall out from last September’s mini budget continued to drive down the UK’s housing market.
SSE backs UK’s first pumped hydro scheme in 40 years with £100m funding
SSE will invest £100m in the UK’s first pumped hydro storage scheme in 40 years in a bid to support the UK’s renewable energy transition.
