The first new polymer banknotes featuring the portrait of King Charles III have begun to enter circulation from 5th June. The King’s image will appear on the front of the £5, £10, £20, and £50 notes, as well as in cameo in the see-through security window. No other changes to the designs or … [Read more...]
News for: General Business News
North-west business confidence rose 12 points in May, finds Lloyds Bank survey
Business confidence in the economy in the North-west rose sharply in May, according to the Lloyds Banking Group's Business Barometer survey. The monthly survey of 1,200 businesses nationwide saw a 12 point increase in business confidence in the region, with a headline confidence reading of 48%. … [Read more...]
Tighter regulations for digital markets become law
The Digital Markets, Competition and Consumers Act has become law after gaining Royal Assent, strengthening consumer protections online. The Act brings in new rules about how businesses communicate pricing in online transactions, as well as regulating subscription contracts for consumers. New … [Read more...]
Deadline extended for SMEs to apply for Flexible AI Upskilling Fund grant
SMEs now have until 18th August to apply for government grant funding to support their adoption of artificial intelligence (AI) to boost productivity and efficiency. Businesses can bid for a share of the government's £6.4 million Flexible AI Upskilling Fund to support them to train their … [Read more...]
Prime Minister calls July General Election
Voters in Stockport are being asked to go to the polls once again as Rishi Sunak calls a General Election to take place on 4th July. The announcement ends recent speculation as to when a General Election, due by January 2025, would take place, with the Prime Minister having previously stated one … [Read more...]
Inflation falls further to 2.3%
Inflation has fallen in April to 2.3%, its lowest rate in nearly three years and close to the Bank of England's 2% target, latest data from the Office of National Statistics (ONS) has shown. The ONS Consumer Price Index (CPI) has revealed its headline measure of inflation has fallen to 2.3% in … [Read more...]
UK property investors look to English regions to grow portfolios, finds Handelsbanken research
Commercial and residential property investors are increasingly turning away from the capital in favour of other English regions to grow their portfolios, new research from Handelsbanken has found. The East of England, North East and Cumbria, and North West regions have all overtaken the … [Read more...]
Homes England exceeds target for new homes
Provisional figures have shown that the national housing and regeneration agency, Homes England, has exceeded its government target for delivery of new homes in 2023/24. The strong performance comes despite a challenging year of trading conditions for the sector, and have seen more than 32,000 … [Read more...]
Government White Paper looks to ease regulatory burden
A new government White Paper has set out new principles for UK regulators to help reduce the bureaucratic burden on British businesses. The paper, published 16th May, makes use of the UK's greater regulatory freedoms brought about by its departure from the European Union. Features set out include … [Read more...]
Local authorities to gain new powers to fill empty shops
New powers are to be granted to local authorities across England to help address high numbers of empty retail units on British high streets. From this summer, High Street Rental Auctions will allow local leaders to take control of empty shops on high streets and rent them out to local businesses … [Read more...]
Dealmaking VAT reclaim black hole losing British businesses millions
The UK’s £200 billion dealmaking industry could be missing out on around £150 million of VAT rebates for costs such as professional fees that are not being reclaimed, according to new research into the UK’s M&A sector by Azets, the top ten accountancy and advisory firm. M&A VAT costs that … [Read more...]
UK economy returned to modest growth in first three months of 2024
The UK economy saw 0.6% growth during the first quarter of 2024 according to the latest GDP data from the Office of National Statistics (ONS). The return to growth for the UK economy brings to an end the short recession in the latter half of 2023 which saw two consecutive quarters of contraction … [Read more...]
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