The Stockport town centre Post Office branch is among 115 locations at risk of closure as part of plans for the organisation to streamline and modernise its operations. A Transformation Plan set out by the Post Office Chair, Nigel Railton, dubbed a 'New Deal for Postmasters', has ambitions to add … [Read more...]
News for: General Business News
Bank of England cuts interest rates to 4.75%
The Bank of England's Monetary Policy Committee (MPC) has voted to cut interest rates by 0.25 percentage points to 4.75%, the second cut of this year. Economists on the MPC voted 8-1 in favour of the cut, with the decision following the ONS' announcement that CPI inflation fell below the bank's … [Read more...]
AI chatbot to be trialled to help businesses find information on government website
The government website, Gov.uk, is to trial a new generative AI chatbot to help small businesses access advice on rules and support. Up to 15,000 people will be able to use the tool as part of the trial, with the chatbot linked from 30 of the government website's business pages. The tool uses … [Read more...]
Muse partners on £54 million public-private partnership to deliver affordable homes
Muse, the place maker delivering Stockport Exchange, is to be part of a long-term public-private partnership with investor, Pension Insurance Corporation (PIC), and Homes England to deliver affordable housing nationwide. Named Habiko, the joint venture plans to deliver 3,000 low-carbon, … [Read more...]
Chancellor promises to “rebuild Britain” in first Budget
Chancellor of the Exchequer, Rachel Reeves, presented her first Budget since taking office to the House of Commons on 30th October 2024. The first Budget to ever be delivered by a woman, and the first of a Labour government since 2010, Reeves set out plans to increase day-to-day departmental … [Read more...]
National Living Wage to rise 6.7%
The National Living Wage is to rise 6.7% in April 2025 to an hourly rate of £12.21, the Chancellor has confirmed ahead of her first Budget. National Living Wage, currently £11.44 per hour, is the minimum rate of pay for workers aged 21 and over. The National Minimum Wage for those aged 18-20 is … [Read more...]
Affordable Homes Programme to receive £500 million in new funding ahead of Budget
Chancellor of the Exchequer, Rachel Reeves, has confirmed a £500 million funding boost for the government's Affordable Homes Programme ahead of her first Budget on Wednesday 30th October. The funding is set to deliver up to 5,000 new affordable social homes, bringing total investment in housing … [Read more...]
NTIA warns UK nightlife faces extinction
The Night Time Industries Association (NTIA) is warning the public that much of the UK's nightlife faces extinction given the current rate of closures of nightclubs. Based on recent data, which reveals 10 UK clubs are closing every month, the NTIA has launched The Last Night Out campaign, … [Read more...]
TfGM encourages passengers to become ‘active bystanders’ to help address harassment on public transport
Transport for Greater Manchester (TfGM) is encouraging passengers to become ‘active bystanders’ on public transport and safely support one another when confronted with harassment or unwanted sexual behaviours. A new campaign launched by the Greater Manchester TravelSafe Partnership aims to help … [Read more...]
CMA to investigate drivers and blockers of growth following State of Competition report
The Competition and Markets Authority (CMA) has announced its economists will investigate the critical drivers and blockers of growth in upcoming research, following the publication of its third State of Competition report. Research, to be carried out the CMA's specialist Microeconomics Unit … [Read more...]
Specialist mortgage market to swell to £54 billion in next five years, finds Together research
The findings of research by Cheadle-based specialist lender, Together, has found demand for specialist mortgage lending has never been higher with lending continuing to surge over the next five years. Together's 2024 Residential Mortgage Market report reports the specialist lending market is … [Read more...]
Self Assessment taxpayers have 100 days left to file
HMRC is reminding Self Assessment taxpayers that they have 100 days left to file their returns pay any tax owed before the 31st January deadline. So far, over 3.5 million people have already submitted their Self Assessment returns. Starting Self Assessment early means taxpayers are more likely to … [Read more...]
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