Contributions from the tech and digital sector are being invited to inform proposals to toughen security and privacy standards for apps for smartphones, TVs, games consoles and other internet-enabled devices. The government's call for views follows a recent report from the National Cyber Security … [Read more...]
News for: General Business News
North West profit warnings more than triple year-on-year in first quarter of 2022
Listed businesses in the North West issued 15 profit warnings in the first quarter of 2022, more than triple the number from January to March 2021, according to the latest data from the EY-Parthenon Profit Warnings Report. The region's businesses have cited supply chain disruption (36%) and … [Read more...]
Skills Bill to update post-16 education and training becomes law
A new bill has been passed to update and transform post-16 education and adult skills training in England. The Skills and Post-16 Education Act aims to promote training in sectors with skills gaps, including health and social care, engineering, digital, green energy and manufacturing. Included … [Read more...]
Rising costs hits manufacturing sector optimism
The manufacturing sector has seen business optimism fall sharply, citing rising costs and depressed growth according to the latest Quarterly Industrial Trends Survey from the CBI. The quarterly survey, sponsored by Accenture, found that business optimism fell in April by 9%, the sharpest decline … [Read more...]
Pandemic drove UK advertising spending to record high
Advertising spending in the UK reached a record high of £31.9 billion in 2021 as businesses sought to reach customers online following the coronavirus pandemic. The latest figures published in the Advertising Association's UK Advertising’s Adspend Review: The Pandemic Effect report showed the … [Read more...]
New authority announced to recover government money lost to fraud during pandemic
Chancellor of the Exchequer, Rishi Sunak, has announced the creation of a new 'fraud squad' to recover money lost to fraudulent Covid support claims and other criminal targeting public funds. The Public Sector Fraud Authority is expected to launch in July, bringing together data analytics experts … [Read more...]
Research finds Covid-19 has not fundamentally changed the UK labour market
A new analysis of the post-pandemic labour market by the Institute for Fiscal Studies (IFS) has found that the overall mix of vacancies available remains largely unchanged by Covid-19. The IFS found that while there are around 20% more job vacancies than two years ago, there has been no more … [Read more...]
New trade measures announced in support of Ukraine
The UK government has cut tariffs on all goods from Ukraine as part of its economic support of the country's defence against Russian military aggression. The UK has announced the end to all tariffs covered by the existing UK-Ukraine trade deal, in addition to further sanctions on Russia. All … [Read more...]
Reforms planned to clamp down on fake online reviews
Planned reforms to protect people when shopping online have been announced that will include banning fake reviews and making it easier for customers to end subscription services.? Under new roles proposed, it will become illegal to commission or offer fake reviews, while review sites hosting … [Read more...]
New plans to tackle empty high street shops expected in upcoming Queen’s Speech
New plans to tackle empty shops on the high street going unused for over six months are expected to be announced in an upcoming Queen's Speech, according to the Daily Mail newspaper. A government source told the paper that the upcoming Levelling Up and Regeneration Bill will provide the … [Read more...]
Rail tickets go on half price sale for first time
Over a million rail tickets will sold at half price for journeys between 25th April to 27th May in a first-of-its-kind sale, organised by the government and rail operators. The sale, which launches today (19th April), will see up to half price rates available for off-peak tickets nationwide when … [Read more...]
Retail sales and footfall remain low as consumer confidence drops
Year-on-year retail sales fell 0.4% in March with consumer confidence taking its sharpest hit since 2008, according to the latest data from the British Retail Consortium (BRC) and Big Four accountants, KPMG. Despite total sales rising by 3.1% on 2021 figures, like-for-like sales fell compared to … [Read more...]
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