Deputy Prime Minister and Housing Secretary, Angela Rayner, has written to Metro Mayors and local authorities from across England calling on them to play their part in building new homes. As part of an overhaul of the planning system, all councils in England are to be given new, mandatory housing … [Read more...]
News for: General Business News
Low Pay Commission to consider the cost of living in future minimum wage recommendations
The Government has asked the Low Pay Commission to consider the cost of living in its recommendations for the rate of minimum wage for the first time. The Secretary of State for the Department of Business and Trade has written to the Chair of the Low Pay Commission as part of the Government's … [Read more...]
Chancellor announces plans to address unfunded spending following Treasury audit
Chancellor of the Exchequer, Rachel Reeves, has announced the need to address unfunded spending commitments of £22 billion revealed to have been made by the previous government in a Treasury audit. Addressing the House of Commons on 29th July, Rachel Reeves outlined that a number of financial … [Read more...]
Handelsbanken survey reveals Brits’ financial regrets
Independent research conducted for Handelsbanken Wealth & Asset Management has revealed what Brits see as their biggest financial regrets and accomplishments. Over a third (36%) of UK adults cite not saving consistently from a young age as their biggest financial regret, reveals the survey, … [Read more...]
UK joins new global digital trade agreement
The UK is among the 90 countries to have signed up to a new global digital trade agreement at the World Trade Organisation (WTO). The E-Commerce Joint Initiative follows five years of negotiations at the WTO and aims to boost global digital trade (estimated to be worth around £4 trillion by the … [Read more...]
Cheadle Carpetright store among the 54 saved from closure
Flooring retailer, Carpetright, has sold 54 of its stores, including its Cheadle branch, after appointing administrators on 22nd July, with Tapi Carpets and Floors Limited also purchasing the brand and two logistics depots. Carpetright's Cheadle location on Councillor Lane is the only Greater … [Read more...]
New government body announced to simplify skills landscape in England
The Prime Minister and Education Secretary have jointly announced the launch of a new body, Skills England, to bring together aspects of the skills and training landscape under a single body. Richard Pennycook CBE, former chief executive of the Co-operative Group and lead non-executive director … [Read more...]
Transport Secretary takes first step in bringing railways back into public ownership
Transport Secretary Louise Haigh has taken her first steps towards improving rail services with the introduction to Parliament of the Passenger Railway Services (Public Ownership) Bill. The Bill will give government powers to return passenger rail services to public ownership by making a public … [Read more...]
King’s Speech sets out government’s plans for planning, transport and devolution
In the first State of Opening of Parliament since the General Election, the government's plans for planning and housing, transport and devolution have been set out in the King's Speech. The speech has set out newly elected Prime Minister Sir Keir Starmer's focus as improving living standards … [Read more...]
Inflation remains at 2% for second month
Inflation in the UK has remained at 2% for the second consecutive month in June 2024 according to new figures published by the Office of National Statistics (ONS). The ONS' headline Consumer Price Index (CPI) remained unchanged on the previous month, with inflation holding at the Bank of … [Read more...]
Prospect of interest rate cuts drives optimism among property investors, finds Handelsbanken
Property investors are cautiously optimistic and focusing on the prospect of interest rate cuts ahead of UK and global political issues, according to a new study by Handelsbanken. The relationship bank's 2024 Property Investor Report, based on exclusive insights from UK property investors with an … [Read more...]
New Chancellor announces changes to planning to support economic growth
Newly appointed Chancellor of the Exchequer, Rachel Reeves, has announced a number of changes to planning rules as part of efforts to drive economic growth. Rachel Reeves, the first woman to take on the job in the UK's history, set out ambitions to deliver over 1.5 million new homes and support … [Read more...]
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