The British electric vans startup Arrival is cutting 800 jobs, about half its remaining workforce, to reduce costs as it seeks extra funding and plans US expansion to take advantage of green energy subsidies.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Millions of JD Sports customers at risk after cyberattack
JD Sports has warned that stored data relating to ten million customers may be at risk after a cyberattack.
Revenues top £25M at Bricks and mortar firm Aspect, after embracing ‘All Things Digital’
Aspect is the well-known property maintenance company in London that is recognised for its signature yellow and blue vans, which are a common sight on the roads of London.
Former Dragon James Caan CBE becomes Enterprise Ambassador of Children’s Parliament
The Wakelet Microsoft 365 Children’s Parliament backed by The Express, is proud to announce that James Caan CBE, the former Chairman of the UK Government’s Start-up Loans Scheme and former Chairman of The Big Issue, will be joining the organisation as its Enterprise Ambassador.
Bank of England poised to raise interest rates for 10th time in a row
The Bank of England is poised to raise interest rates for the 10th time in succession when its policymakers meet this week in a further squeeze on the finances of mortgage holders and businesses.
Long-term sickness leaving 1.6m UK adults over 50 unable to work
More than 1.6 million adults aged 50 and over are unable to work because of long-term sickness amid ballooning NHS waiting lists and an exodus from the British workforce since the pandemic, according to the most detailed analysis yet of official data for this age group.
Business confidence bounces back but interest rates will rise
British businesses have started the year with far more optimism, according to a new survey showing that confidence hit its highest level in six months in January.
Millions will miss school in biggest teacher strike action for a decade
Families face disruption on Wednesday as striking teachers force up to 4.5 million pupils to stay away from school on the biggest day of industrial action for a decade.
Mick Lynch says RMT members will decide whether to accept offer to end deadlock
‘It’ll be up to our members to decide, and they’ll inform the leadership,’ said RMT general secretary Mick Lynch.
Flybe ceases trading with all scheduled flights cancelled
Regional carrier Flybe has ceased trading and all scheduled flights have been cancelled.
Farmers’ union calls UK environment targets ‘irrational’ and ‘unachievable’
The National Farmers’ Union (NFU) raised questions about the government’s proposed targets on water pollution, tree planting and rewilding, calling them “irrational” and “unachievable”, according to documents published by the environment department.
Housebuilders call for revival of Help to Buy
Britain’s housebuilders are calling for the return of the Help to Buy scheme to light a fire under a slowing housing market and avert a dramatic plunge in the supply of new homes.
Nadhim Zahawi sacked as Tory chairman by Rishi Sunak over tax affairs
Rishi Sunak has sacked Nadhim Zahawi for serious breaches of the ministerial code after an investigation found he failed to be honest and open about his tax affairs.
Zahawi allows HMRC to pass his tax details to PM’s ethics adviser
Pressure on the Tory Party chairman increases as the head of HMRC says there are no penalties for ‘innocent errors’.
TSB staff and bosses to share £29.8m bonus pot after record profits
TSB’s 5,700 staff and executives are to share a 10% bigger bonus pot this year, after rising interest rates pushed the bank’s annual profits to record highs.
















