The chancellor, Kwasi Kwarteng, is expected to announce the creation of a network of low-tax, low-regulation investment zones in an emergency budget on Friday.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
No US trade deal on the horizon, admits Truss as she flies in for Biden meeting
Britain may not strike a free trade deal with the US for years, Liz Truss has admitted ahead of her first bilateral meeting with Joe Biden.
Four-day working week backed by 86% of trial companies
Almost nine in ten companies taking part in a groundbreaking trial of a four-day working week have said they are likely to extend the policy beyond the six-month test period.
British payments start-up Sequence receives Silicon Valley backing
A British financial technology business run by one of the industry’s few female chief executives has raised $19 million in its first funding round.
Software engineer’s row with Rolls-Royce heads to court
Rolls-Royce is at the centre of a multimillion-pound battle over the alleged stealing of business secrets from a technology company that provided the luxury carmaker with software enabling its clientele to customise their £250,000 cars virtually.
Mike Ashley to step down at Frasers Group
Mike Ashley is to step down from the board of Frasers Group, the retail business he founded.
Pound sinks to lowest level against dollar since 1985 as sterling also down against euro
Sterling tumbled to a fresh 37-year low against the dollar and a 17-month trough on the euro after weaker-than-expected retail sales figures issued today.
John Lewis warns staff bonus could be axed this year in current economic outlook
John Lewis has again warned its staff there may not be a bonus this year, citing a “uniquely uncertain” economic outlook.
Chancellor Kwasi Kwarteng to present mini Budget next week
Chancellor Kwasi Kwarteng will deliver a mini Budget on September 23 after MPs agreed to delay the start of their “party conference recess”.
Retail sales continue year-long downward spiral amid cost of living crisis
Retail sales fell by much more than expected in August as the cost of living crisis dragged on demand for both essential and non-essential goods.
Uber investigating computer network breach
Uber said on Thursday it is responding to a cybersecurity incident, after the New York Times reported that a hack had breached the company’s network and forced it to take several internal communications and engineering systems offline.
People race to exchange paper banknotes before deadline
Consumers are racing to exchange their old paper banknotes for new plastic versions, just over a fortnight before they cease to be legal tender at the end of September.
A.F.C. Bournemouth takeover possible as US consortium prepares £150m bid
A Las Vegas-led consortium is pushing to buy Bournemouth, the PA news agency understands.
UK Amazon warehouse workers are balloted for strike action over pay
Amazon workers at a Coventry warehouse will become the first in the UK to take part in a formal strike ballot.
UK’s financial sector faces new wave of brute force DDoS attacks
The UK’s financial sector is experiencing a wave of brute force Distributed Denial of Service (DDoS) attacks, new data obtained through a freedom of information request shows.
