Fewer women than men have pensions, and those who do are saving less than their male counterparts, reveals independent research conducted on behalf of Handelsbanken Wealth & Asset Management. Handelsbanken Wealth & Asset Management’s report, Can we solve the gender wealth gap? highlights … [Read more...]
News for: General Business News
Interest rates rise further to 4.25%
The Bank of England's Monetary Policy Committee (MPC) has voted to raise the bank's base rate to 4.25%, the eleventh consecutive rise in interest rates since January 2022. The rate rise follows the release yesterday of the February's Consumer Prices Index which found inflation had risen to 10.4%, … [Read more...]
February saw slight rise in inflation
Inflation rose to 10.4% in February, the Office of National Statistics (ONS) has revealed with the publication of its latest Consumer Price Index (CPI) data. The 0.3-percentage point rise on the annual rate of inflation from January's figures ends three months of consecutive falls and goes … [Read more...]
UK and Ukraine sign digital trade deal
The UK has signed a new digital trade deal with Ukraine, enhancing UK-Ukraine trade and investment relationships and supporting the Ukrainian economy. On Monday 20th March, Business and Trade Secretary Kemi Badenoch and Ukrainian Economy Minister, Yulia Svyrydenko virtually signed a … [Read more...]
Chancellor announces 2023 Spring Budget
Chancellor of the Exchequer Jeremy Hunt has delivered his 2023 Spring Budget, setting out plans for levelling up all parts of the UK and restoring growth to the UK economy. The Chancellor's first Budget since taking on the role in October 2022 comes against a backdrop of slow economic growth, … [Read more...]
Small business leaders call for support to hire and retain older workers
The Chartered Management Institute (CMI) has called on government to fund support and training for small businesses to help them recruit and retain older workers. The organisation is calling for the DWP to fund 'Help to Hire' training bootcamps to help employers to prevent older people from … [Read more...]
Pubs and breweries call on Chancellor to do more to support the sector in upcoming Budget
Ahead of the Budget on 15th March 2023, the Long Live the Local campaign is calling for the Chancellor to commit to supporting the UK’s pubs. The hospitality sector has seen through three years of challenging trading conditions due to the Covid-19 pandemic and the current high inflation, rising … [Read more...]
North bucks national trends in recruitment market
The North of England was only region to see an upturn in permanent recruitment in February, according to the latest Report On Jobs survey by the Recruitment and Employment Confederation (REC). Data from the latest KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, showed … [Read more...]
Government sets out plans for revised data protection regulations
Following the UK's withdrawal from the European Union (EU), the UK Government has begun the process of updating the country's data protection regulations. Proposals will see the EU-wide General Data Protection Regulation (GDPR) standard updated, with the aim of simplifying how businesses … [Read more...]
UK new car market posts seventh consecutive month of growth
New car registrations in February rose 26.2% year-on-year, with the motor trade now just -6.5% down on its pre-pandemic figures. While February is typically a low-volume month for new car registrations ahead of the March plate change, this year saw the motor trade see in its seventh consecutive … [Read more...]
Government appoints first Menopause Employment Champion
The government has appointed its first Menopause Employment Champion and is calling on businesses to do more support women experiencing the menopause at work. Helen Tomlinson, Head of Talent (UK & Ireland) at The Adecco Group, has been appointed to the independent role by the Department for … [Read more...]
Automatic Enrolment pension scheme to be expanded to young and low earners
The Department for Work and Pensions (DWP) has given its backing to proposals to expand the Automatic Enrolment pension scheme to include younger and lower-earning workers. Plans, set out in a Private Members Bill by Stoke-on-Trent MP Jonathan Gullis, will see the Lower Earnings Limit for … [Read more...]
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