Elon Musk has lost his crown as the world’s richest person, after further falls in the value of shares in his electric car company Tesla.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Grant Shapps defends flexible working rights
The business secretary has defended new flexible working rights after a scathing attack from Sir James Dyson, insisting they are “sensible” and reflect “a modern workplace”.
Bank of England Governor warns Hunt over City deregulation
The governor of the Bank of England has sounded a warning note to the government not to move too far or too fast in deregulating the City.
UK inflation falls to 10.7% in November
Inflation has fallen slightly to 10.7 per cent in November but remains close to a 40-year high as the cost of living crisis weighs on households and businesses.
UK Christmas shoppers urged to return to high street amid Royal Mail strikes
Shoppers tearing their hair out in the search for Christmas presents online amid strike-hit parcel deliveries have been urged to try a low-tech solution: their local high street.
Sunak urged not to focus on cutting immigration amid UK staff shortages
Rishi Sunak has been warned by a key immigration body to avoid focusing on reducing the numbers of people coming into the UK amid a national staffing shortage in key industries.
Kwarteng disregarded warnings on mini-budget, MPs told
Kwasi Kwarteng disregarded warnings that his £45bn mini-budget could trigger a backlash on the financial markets, Treasury officials told MPs today.
Rivian pulls plug on Mercedes electric van deal
The American electric vehicle start-up backed by Amazon has halted a joint venture with Mercedes-Benz to produce vans in Europe.
Royal Mail may have lost £200m to strikes
The cost of the continued strike action at Royal Mail may have climbed to £200 million, according to industry estimates, with more loss of revenue set to come.
UK power prices hit record high amid cold snap and lack of wind power
UK power prices have hit record levels as an icy cold snap and a fall in supplies of electricity generated by wind power have combined to push up wholesale costs.
Manufacturers forecast a fall into deep recession
Manufacturing will fall into a deep recession next year as the global economic downturn erodes demand, manufacturers have warned.
Restaurant closes after fraudsters posing as officials steal thousands
A restaurant has been forced to close after losing £50,000 to scammers who posed as officials after a fraud scare.
UK economy grew 0.5% in October
The economy grew by 0.5 per cent in October after contracting the previous month when an extra Bank Holiday for the Queen’s funeral suppressed growth.
Sunak puts Brexit bill on ice as hopes rise of New Year EU deal
Rishi Sunak has put the Northern Ireland Brexit protocol bill on ice until the new year after private talks with Brussels paved the way for a new deal by February.
Union boss Lynch demands meeting with Rishi Sunak to end daily train stoppages until January
The leader of the biggest rail workers union has called for an urgent meeting with the Prime Minister in a bid to help resolve the long-running dispute over pay, jobs and conditions.
