Category: News Wire

Michael Fallon, Britain’s new business minister, is to demand that Brussels adopts the Government’s new “one-in, one-out” policy in an attempt to cut European red tape.

FirstGroup’s contract to run the West Coast Mainline has been cancelled by the Government due to “significant technical flaws” in the bidding process, which will be re-run.

Doubts about the recovery have resurfaced after manufacturing contracted at a faster rate than expected in September, policymakers’ attempts to boost lending failed in the first month of trying, and the British Chambers of Commerce said the economy “remains stagnant”.

Spain is ready to request a eurozone bailout for its public finances as early as next weekend but Germany has signalled that it should hold off, European officials said.

Cheques should be axed as one of a set of moves to tackle an “endemic” culture of late payment among businesses, according to the British Chambers of Commerce.

Young entrepreneurs will be able to borrow up to £10,000 to get their fledgling ventures off the ground through a government scheme from next week.

Almost 40,000 jobs have already been lost in the retail industry this year and shops are facing a new “perfect storm” as they prepare to pay millions of pounds to landlords on Saturday for September’s quarterly rent day.

Two G4S directors have resigned after the company announced the findings of a review into its Olympic Games contract.

In many of history’s most successful economic reforms, clever countries have learned from the policy successes of others, adapting them to local conditions

The Chancellor should rip up his fiscal rulebook and replace his “problematic” debt reduction target, the country’s leading public finance think-tank has said.

The organisation that sets the Libor inter-bank rate has said it could give up that responsibility, if required.

Lloyds Banking Group is set to be the biggest beneficiary of the Bank of England’s attempts to push at least £60bn of cheap loans through to households and small businesses.

Sir James Dyson has called on the Government to simplify the patent system so small businesses can afford to protect their designs.

Britain’s Business Bank will be “fast-tracked” into existence as an “emergency” Government measure, Danny Alexander has promised.

Business Secretary Vince Cable on Monday lambasted those who wanted a major relaxation of employment laws as “head bangers”, who “seem to find sacking people an aphrodisiac”.