NatWest is limiting the amount of money customers can transfer to cryptocurrency exchanges.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Company insolvencies at their highest in four years
The number of companies entering insolvency rose by almost a fifth last month as a result of the cost of living crisis and higher interest rates.
10,000 Meta jobs to be axed amid ‘Year of Efficiency’
The owner of Facebook and Instagram will cut another 10,000 jobs, months after laying off 11,000 staff, as the technology group prepares for years of economic disruption.
Chancellor pledges 30 hours of childcare a week for one and two-year-olds in £4bn expansion
The chancellor will promise to provide 30 hours of childcare a week to parents of one and two-year-olds.
US court rules Uber and Lyft workers are contractors
A US court has ruled that “gig” economy giants including Uber and Lyft can continue treating their workers as independent contractors in the state of California.
Pensions to get boost as tax-free limit to rise
The total amount that workers can accumulate in their pension savings before paying extra tax is expected to be increased in Wednesday’s Budget.
UK job vacancies fall for eighth time in a row
Job vacancies in the UK have fallen for the eighth time in a row as companies blamed economic pressures for holding back on hiring new staff.
Recession avoided as UK steams ahead of Europe and US
A recession hitting the UK economy is looking like an increasingly far flung prospect after yet more data today shows businesses and families are fending off the cost of living crunch.
John Lewis golf club members make retailer sale bid to remain independent
Members of a golf course earmarked for closure by the John Lewis Partnership are trying to swing a deal for the links, valued at about £4.5 million, to prevent the retailer selling it to another club or a private bidder.
UK government’s letter to Visa, Deloitte and Allianz prompts rebuke from Olympic chiefs
Olympic chiefs have issued a rebuke to the UK government over its lobbying of sponsors including Visa, Deloitte and Allianz for Russia to remain banned from sport.
Rishi Sunak hints at TikTok ban from UK government devices
Rishi Sunak has indicated that the UK could follow the US and Canada in banning TikTok from government devices, saying he will take “whatever steps are necessary” to protect Britain’s security.
Tech hubs near England’s universities to benefit from almost £1bn in extra funding
Tech hubs clustered around universities in England will benefit from almost £1bn in extra funding as part of a range of measures in the budget on Wednesday to boost business investment in the regions.
New London Grand Prix stars in docks regeneration proposal
A Formula One motor racing track is included in plans being drawn up that would lead to the Royal Docks in east London being turned into a new waterfront destination.
Sunak to challenge Biden over US green subsidy package at upcoming talks
The UK and US will “work through” concerns about Joe Biden’s multibillion-dollar package of green subsidies, Rishi Sunak revealed ahead of talks with the US president today in San Diego.
Two thirds of SMEs not confident Chancellor’s Spring Budget will deliver needed support
Ahead of the Spring Budget, new data reveals that small to medium sized business (SMEs) have lost confidence in the Government’s commitment to support them.
