The Government has announced it will increase the funding available for households to upgrade gas heating systems to green alternatives as part of a new Warm Homes Plan. The Plan will increase the budget available for grants of up to £7,500 to install heat pumps through the Boiler Upgrade Scheme, … [Read more...]
News for: General Business News
Inflation rose to 2.3% in October
October Consumer Price Index (CPI) data from the Office of National Statistics (ONS) has revealed a 0.6 percentage point rise in the rate of inflation. Annual inflation reached 2.3% in October, its highest rate since April, after a sharp rise on the previous month's figure of 1.7%. While … [Read more...]
AI innovators invited to submit clean energy solutions to new competition
The UK's AI innovators are being invited to take part in the second round of the government's Manchester Prize competition and submit potential solutions for how the technology can help meet the country's clean energy needs. The second round of the Manchester Prize invites teams of innovators, … [Read more...]
Consultation launched on new rules for subscription contracts
The government has launched a consultation on measures to make it easier for consumers to get a refund or cancel subscription contracts. The consultation will explore the detail of how the new regime governing contracts, ranging from physical subscriptions such as magazines to digital products … [Read more...]
John Lewis launches Christmas ad amid recruitment drive for 12,500 seasonal roles
Retailer, John Lewis, has unveiled its latest Christmas ad as the group begins to take on a record 12,500 seasonal workers to staff its stores and distribution network, including at John Lewis Cheadle and Waitrose supermarkets in the borough. The roles, comprising those in Waitrose and John Lewis … [Read more...]
Over half of UK businesses prioritising international trade to drive growth, finds Santander research
Over half (52%) of UK businesses are prioritising international trade in their plans for growth according to research by high street bank, Santander. The bank's Santander Trade Barometer has recorded a 5% rise in businesses looking to reach new overseas customers as a growth driver compared to in … [Read more...]
Town centre Post Office among 115 at risk of closure
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...]
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...]
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