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You are here: Home / Archives for News / General Business News

News for: General Business News

July 3, 2023

Stockport MDC pays tribute to its Chair, Lord Bob Kerslake

The board of Stockport Mayoral Development Corporation have paid tribute to the Chairman, Lord Bob Kerslake, who died on Saturday. STATEMENT ON BEHALF OF THE MAYORAL DEVELOPMENT CORPORATION BOARD It is with deepest sadness the MDC Board have learnt of the passing of its Chair, Lord Bob … [Read more...]

Photo by DeepMind on Unsplash

June 29, 2023

AI adoption could add £31 billion to UK economy

Widespread adoption of generative AI by UK businesses could add £31 billion of GDP to the economy, according to a report from Big 4 accountancy firm, KPMG. The Generative AI and the UK labour market report identifies a 1.2% gain in overall productivity in the UK economy, equivalent to £31 billion … [Read more...]

Plans to cut industry carbon emissions in NW secure government funding

June 28, 2023

Energy intensive businesses urged to claim discount on energy bills

Businesses in the most energy intensive industries have one month remaining to claim government support through the Energy Bills Discount Scheme. Companies have until 25th July to claim the discount, which could reduce energy bills by as much as a fifth, that will apply through to April 2024. … [Read more...]

Support measures announced for mortgage holders following interest rate rise

June 26, 2023

Support measures announced for mortgage holders following interest rate rise

Following the Bank of England's decision to raise its base interest rate to 5%, Chancellor of the Exchequer Jeremy Hunt has announced new support measures for homeowners struggling with rising mortgage repayments. The Chancellor met with the UK's main lenders and the Financial Conduct Authority … [Read more...]

Move to end taxpayer bailouts - from the Bank of England

June 22, 2023

Bank of England raises interest rates further to 5%

The Bank of England's Monetary Policy Committee (MPC) has agreed its 13th consecutive rise in its base interest rates, which now stand at 5% The 0.5 percentage point increase brings the bank's base rate to its highest level since early 2008, prior to the global financial crisis that ushered in … [Read more...]

North-west house prices up 4.8% on 2022

June 21, 2023

North-west house prices up 4.8% on 2022

House prices in the North-west rose 4.8% in the 12 months to April 2023, according to the latest UK House Price Index published by the Office of National Statistics (ONS). The region has seen the second fastest house price growth in the UK, behind only the North-east (5.5% growth in the same … [Read more...]

£200 million investment announced to support greener aviation

June 20, 2023

£200 million investment announced to support greener aviation

Industry Minister, Nusrat Ghani, has announced more than £200 million of funding to support research and development projects to make the aviation sector greener. The £218 million combined government and industry investment will support new aerospace technologies, including greener landing gear … [Read more...]

June 19, 2023

ICO recommends organisations start using privacy enhancing technologies when sharing data

The Information Commissioner's Office (ICO) has made a new recommendation for organisations to use privacy enhancing technologies (PETs) to share people’s personal information securely. The UK data protection authority's new PETs guidance is aimed at data protection officers and others who are … [Read more...]

Government plans £50 billion growth for UK creative industries

June 14, 2023

Government plans £50 billion growth for UK creative industries

The UK government has set out new plans to target £50 billion of growth in the nation's creative industries by 2030, and support an additional 1 million jobs. Speaking at the London Tech Week conference on Monday, Prime Minister Rishi Sunak announced the plan to support the creative industries, … [Read more...]

Cost of Living payments

June 13, 2023

Incomes remain outpaced by inflation, finds ONS, despite 7% annual rise in average pay

Average incomes have risen by 7% on last May but payrises remain outpaced by inflation, according to the latest earnings data released by the Office of National Statistics (ONS). Based on real-time earnings of PAYE taxpayers, estimates for May 2023 indicate that median monthly pay in the UK … [Read more...]

2023 Handelsbanken Professional Landlords Survey

June 12, 2023

Challenging economic times are making landlords think creatively, finds Handelsbanken survey

Large portfolio professional landlords are looking to pay down debt in the face of challenging economic conditions, new independent research conducted on behalf of Handelsbanken shows. This year’s Handelsbanken Professional Landlords Survey – based on nationwide research among large UK investors … [Read more...]

June 2, 2023

Aldi calls on more businesses to become suppliers

Aldi is looking to expand the number of UK suppliers the supermarket chain deals with, as part of an ongoing drive to support British small businesses. The German discounter has put a call out for more small businesses from all regions of the UK to look to put their products in Aldi stores … [Read more...]

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