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British Business Bank launches Growth Guarantee Scheme for SMEs

SMEs in the North West will be able to continue to access finance to support investment and growth following the launch of the Growth Guarantee Scheme from the British Business Bank. The scheme, the successor to the Recovery Loan Scheme introduced after the Covid-19 pandemic, is expected to … [Read more...]

Sky launches competition for sustainable businesses

Sky Media has announced that its Sky Zero Footprint Fund is launching an additional initiative to support sustainable SMEs and local businesses promote themselves through TV advertising. Sky was the first media company globally to go carbon neutral in 2006 and since then has continued to use its … [Read more...]

Bank of England continues to hold interest rates at 5.25%

Leading economists on the Monetary Policy Committee (MPC) of the Bank of England have once again chosen to hold interest rates at their current 16-year high of 5.25%. Committee members voted 7-2 in favour of keeping rates at 5.25% for at least a further six weeks; the two members voting against … [Read more...]

Inflation slowed to 2% target level in May

The headline rate of inflation slowed to 2% in May, according to latest Consumer Price Index data (CPI) from the Office of National Statistics (ONS). Inflation fell 0.3 percentage points from April's figure of 2.3%, bringing the rate of inflation back down to the Bank of England's target rate and … [Read more...]

UK GDP grew 0.7% in three months to April 2024

The UK economy has experienced quarterly growth of 0.7% in the three months to April 2024, according to the latest GDP data from the Office of National Statistics (ONS). The services sector, the largest part of the economy, was the main contributor to growth, up 0.9% over the three months to … [Read more...]

Fleets and businesses behind May growth in car sales

Purchases of new vehicles by fleets and businesses has driven up new car registrations in May, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). The 1.7% year-on-year growth in registrations in May is the 22nd consecutive monthly increase in car sales, … [Read more...]

King Charles III banknotes enter circulation

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...]

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...]