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...]
News for: General Business News
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...]
New rules for banks aim to promote investment in UK economy
The Prudential Regulation Authority (PRA) has proposed new rules for banks and building societies to ensure competitiveness in the financial system and promote investment in the UK economy. Proposed reforms are part of the internationally agreed Basel 3 framework and will mark an end to capital … [Read more...]
Data centres to gain Critical National Infrastructure designation
Data centres across the UK will be designated as Critical National Infrastructure, Technology Secretary Peter Kyle has announced, in recognition of their increasingly important role in modern life. Data housed and processed in UK data centres, including medical records and financial data, is less … [Read more...]
Amazon Web Services to invest £8 billion in UK digital infrastructure
Amazon Web Services (AWS) is to invest £8 billion in over the next five years within its data centre supply chain in the UK following discussions with the Chancellor. Investment is expected to contribute £14 billion to UK GDP by 2028, and support around 14,000 jobs, both within AWS data centres, … [Read more...]
New Labour Market Advisory Board launched to address rising economic inactivity
A new body has launched to advise government on addressing the rising economic inactivity among working age people in the UK. The Labour Market Advisory Board brings together experts from across business, industrial relations and academia to advise government on how to bring down to the rising … [Read more...]
Aldi marks records sales with £800 million investment plans
Discount supermarket, Aldi, has followed record results the year ending December 2023 with an £800 million investment plan to grow its business in Great Britain further. In its annual results, the supermarket recorded a £2.4 billion growth in sales in 2023, with pre-tax profits increasing from … [Read more...]
Stockport store among 113 saved as The Body Shop is bought out of administration
Ethical beauty retailer, The Body Shop, has been bought out of administration by specialist investment firm, Auréa, saving 1,300 jobs and keeping 113 UK stores open, including in Stockport. Administrators, FRP Advisory, had previously closed 85 of the brand's UK stores and made nearly 800 shop … [Read more...]
Sharp appoints new VP of IT Services to accelerate growth across Europe
Business technology provider, Sharp Europe, has announced the appointment of Roland Singer as its new Vice President of IT Services. The announcement comes as Sharp continues to establish and expand its IT services business across Europe since its inception in 2021. Roland takes on the new … [Read more...]
New Homes Accelerator launched to progress stalled developments
Deputy Prime Minister, Angela Rayner, has announced the launch of the New Homes Accelerator as part of plans to deliver 1.5 million new homes across the country. The accelerator team from the Ministry of Housing and Homes England will seek to help progress housing schemes that have been stalled … [Read more...]
Young people to change careers 50% more than their parents’ generation, finds Handelsbanken
Young adults aged between 18-34 expect to have an average of three different careers over their lifetime with a five-year pension holiday, according to a new study commissioned by Handelsbanken Wealth & Asset Management. The research underlines how work and pension expectations differ … [Read more...]
CMA reveals results of latest banking satisfaction survey
The Competition and Markets Authority (CMA) has published the results of its latest banking satisfaction survey for both personal and business banking. In Great Britain, digital and challenger banking brands topped the rankings for both personal and business current accounts. Overall, the … [Read more...]
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