February GDP figures from the Office of National Statistics (ONS) have shown that the UK economy grew 0.5%, significantly faster growth than had been predicted. Growth was driven by increased output of both services (0.3% growth) and production (1.5% growth), with construction output the same as … [Read more...]
News for: General Business News
The Post Office to franchise 108 directly managed branches
The Post Office has confirmed it will seek to franchise its 108 directly managed branches, including the Post Office in Stockport town centre. The ambition for the Post Office to close its Crown Post Offices and shift to a fully franchised model was first set out in Autumn 2024, and a Board … [Read more...]
CMA gains new powers to enforce consumer protections
The Competition and Markets Authority (CMA) has gained new powers to enforce consumer protections as new rules for trading online take effect. New consumer protections set out in the Digital Markets, Competition and Consumers Act 2024 (DMCCA) include an explicit ban on posting and commissioning … [Read more...]
Companies House begins identity verification for business owners
Companies House has launched a new service to conduct identity verification for those setting up, running, owning and controlling businesses in the UK. More than 6 million individuals are expected to need to comply with new identity checks in the 12 months after identity verification becomes a … [Read more...]
DfT and Innovate UK competition to fund innovation to improve railways
The Department for Transport (DfT) and Innovate UK has announced £5 million funding for First of a Kind projects to improve passenger experience on the railways. The grant funding will enable winning projects to be tested on the railway to encourage train operators, freight companies and Network … [Read more...]
Businesses invited to share views on US tariffs
The UK Government has invited businesses to share their views on how the country should respond to new 10% tariffs imposed on imports into the US, announced by President Donald Trump. Companies are being asked to share the average value of their trade with the US, the impact of any potential … [Read more...]
Martyn’s Law anti-terror legislation gains Royal Assent
Legislation to ensure large scale events are better prepared to respond to terrorism, dubbed 'Martyn's Law' has gained Royal Assent and become law. ‘Martyn’s Law’ is named in tribute to Martyn Hett, originally from Stockport, who was tragically killed alongside 21 others in the Manchester Arena … [Read more...]
New recycling rules come into effect for businesses
New rules have come into force setting out how businesses should sort their waste and recycling as part of wider plans to boost recycling rates. Workplaces with 10 or more employees will now be required to arrange collection of dry recyclable materials – including plastic, metal, glass, and paper … [Read more...]
April squeezes finances as new higher charges take effect
Almost everyone in the country is about to feel the burden of price rises and tax hikes that are set to hit household and business finances from April 2025. Households will be hit with soaring bills, while businesses also face a rise in Employers National Insurance Contributions and an uplift in … [Read more...]
New cyber laws to boost security requirements for data centres and MSPs
Data centres, Managed Service Providers (MSPs) and critical infrastructure such as hospitals and energy suppliers will be required to strengthen their cyber security under new government plans. The government's Cyber Security and Resilience Bill, first announced in the King's Speech last year … [Read more...]
WHSmith brand to disappear from high streets following sale of stores
WHSmith has confirmed the sale of its high street retail business to Hobbycraft owner, Modella Capital, as it looks to focus operations on its higher growth travel retail markets. The historic newsagents will retain its 1,200 stores in hospitals, train stations, airports and motorway services in … [Read more...]
Tech entrepreneur appointed to lead Innovate UK
Tech entrepreneur and founder of Metail, Tom Adeyoola, has been recommended to as executive chair of Innovate UK, which directs government investment into innovation and research being carried out by British businesses. Innovate UK is the UK's largest national public research funder and also … [Read more...]
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