Inflation in September fell to 1.7%, according to the latest Consumer Price Index data from the Office of National Statistics (ONS). The rate, down 0.5 percentage points on the previous month's figure, marks the slowest rate of price growth since April 2021 and sees inflation fall to below the … [Read more...]
News for: General Business News
Manchester Airports Group announces £1.1 billion investment in London Stansted
Manchester Airports Group (MAG) has announced a £1.1 billion programme of investment into London Stansted as it nears completion of its £1.3 billion transformation of Manchester Airport. The announcement came as part of the UK's International Investment Summit on 14th October, and will see the … [Read more...]
Major deals and cuts to regulations set to be announced at International Investment Summit
Investment deals in growth sectors worth billions of pounds are expected to be announced by businesses and government ministers as the UK hosts its first International Investment Summit. Taking place today (14th October), the event will see CEOs and investors from around the world meet with … [Read more...]
UK economy returned to modest growth in August
Monthly GDP estimates from the Office of National Statistics (ONS) have revealed the UK economy grew 0.2% in August 2024. The ONS estimates follow 0% growth in economy in the previous month, and mean the overall economy grew 0.2% across the three months from June to August. Services output grew … [Read more...]
Companies House implements new non-compliance penalties
Registered companies and their directors are being warned of new penalties being introduced by Companies House for non-compliance with their legal responsibilities. As part of new powers granted to the body in the Economic Crime and Corporate Transparency Act 2023, businesses could face financial … [Read more...]
New tips legislation to come into effect
Hospitality businesses where staff receive tips need to make sure they are prepared for new legislation that comes into force on 1st October 2024. The new ‘tips act’ is designed to regulate tipping and ensure that tips are allocated fairly and transparently. The Employment (Allocation of Tips) … [Read more...]
Government announces reforms to apprenticeship system
Alongside publication of the first Skills England report highlighting nationwide skills gaps, the Government has announced a new growth and skills levy among reforms to the apprenticeship system. The growth and skills levy will replace the existing apprenticeship levy. The new levy, announced … [Read more...]
Call for evidence to launch as part of government plans to accelerate brownfield development
The Ministry of Housing, Local Government and Communities is to launch a call for evidence exercise to explore how to help accelerate housing development on brownfield sites. The government is exploring how to introduce a 'brownfield passport' to that will expedite planning processes where … [Read more...]
Microsoft to end support for older Windows operating systems in October 2025
Microsoft has announced it will end support for Windows 7, Windows 8.1 and Windows 10 operating systems in October 2025, and is encouraging all PC users to upgrade. From October 14th 2025, Microsoft will stop releasing technical support and security updates for the operating systems and is … [Read more...]
New legislation announced to address late payments to small businesses
The government is to consult on new legislation to address late payments to small businesses, which costs SMEs £22,000 a year and a combined 56 million hours in lost productivity. A new Fair Payment Code and fresh rules on company reporting are among proposals to hold larger firms to account and … [Read more...]
Stockport MDC Chair among housing and regeneration experts to sit on new government housebuilding taskforce
Interim Chair of Stockport Mayoral Development Corporation (MDC), Eamonn Boylan, is among the members panel of housing and regeneration experts who will sit on the government's newly-created New Towns Taskforce. The New Towns Taskforce, which met for the first time in Milton Keynes on 17th … [Read more...]
Inflation holds at 2.2% in August
Latest inflation data from the Office of National Statistics (ONS) has found that prices rose 2.2% over the 12 months to August 2024, the same rate as recorded the previous month. The latest Consumer Price Index (CPI) data from the ONS sees inflation remain slightly above the Bank of England's 2% … [Read more...]
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