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

News for: General Business News

Paper £20 and £50 banknotes to have legal tender status withdrawn from 30th September

September 26, 2022

Paper £20 and £50 banknotes to have legal tender status withdrawn from 30th September

This week is the last week when paper £20 and £50 banknotes will be legal tender, with the notes being withdrawn from circulation from 30th September. Businesses will no longer accept this banknotes, featuring economist Adam Smith and engineers Boulton and Watt from Friday 30th September, with … [Read more...]

Chancellor of the Exchequer Kwasi Kwarteng MP

September 23, 2022

Chancellor unveils Growth Plan with raft of tax cuts

Chancellor Kwasi Kwarteng has announced a new Growth Plan for the UK economy, unveiling a series of major tax cuts for individuals and businesses. Following the Bank of England's reveal yesterday that it believes the country's economy is now in recession, the Chancellor's 'mini-budget' sets out … [Read more...]

Homes England announce new development finance fund for SME housebuilders

September 23, 2022

Homes England announces new development finance fund for SME housebuilders

Homes England has partnered with Newstead Capital to support SME housebuilders with a new long-term development finance fund. Homes England, alongside Greater Manchester Pension Fund, clients of listed wealth manager Mattioli Woods and other private institutional investors, have committed £80m to … [Read more...]

Move to end taxpayer bailouts - from the Bank of England

September 22, 2022

Interest rates rise to 2.25%

The Bank of England's Monetary Policy Committee has voted to raise base interest rates by 0.5 percentage points to 2.25%. Interest rates now stand at their highest level since the November 2008 during the global financial crisis, although remain well below the double figure rates seen throughout … [Read more...]

CPI rises 7% as inflation climbs higher

September 21, 2022

Government outlines plans to cut business energy bills

Following an announcement earlier this month by Prime Minister Liz Truss, the government has revealed further details of its plans to protect businesses from rising energy bills. Under the Energy Bill Relief Scheme, which will come into effect from October 1st, electricity and gas unit prices … [Read more...]

September 20, 2022

Corporate insolvencies rose 5.5% in August amid cost-of-living crisis

Corporate insolvencies rose 5.5% in August on the previous month's figures, according to the government's latest statistics published on 16th September. 1,933 registered company insolvencies were recorded last month by the Insolvency Service, a rise of over 40% on both last August's figures, and … [Read more...]

£750k competition launched for technologies and concepts to disrupt defence sector

September 16, 2022

£750k competition launched for technologies and concepts to disrupt defence sector

The Defence and Security Accelerator (DASA) has launched a new competition offering £750,000 funding for concepts, technologies, or ideas that may disrupt the future of defence. The themed competition, Disruptive Science and Technology Impacting the Future of Defence, is being run on behalf of … [Read more...]

Stockport further expands vaccination offer to help residents access booster jabs

September 16, 2022

Greater Manchester begins Autumn Covid-19 booster vaccination programme

From Monday 12 September onwards, GPs, pharmacists and hospital hubs have begun giving booster jabs to those in Greater Manchester at greatest risk from the Covid-19 virus. Everyone aged 50 and over, people with certain health conditions that put them at risk and frontline health and care staff … [Read more...]

Consumer Prices Index saw inflation rise to 5.5% in January

September 14, 2022

August inflation dips slightly to 9.9%

The August Consumer Price Index (CPI) has recorded a 0.2 percentage point dip in the annual rate of inflation on the previous month's record high. The latest ONS data reveals inflation remains high, but dipped slightly to 9.9% year-on-year price growth. The downward pressure on prices was largely … [Read more...]

Monday 19th September: Bank Holiday for the State Funeral of Queen Elizabeth II

September 12, 2022

Bank holiday announced for Her Majesty Queen Elizabeth II’s State Funeral

Monday, 19th September 2022 has been confirmed as the date set for the State Funeral of Her Majesty Queen Elizabeth II and the government has announced it will be a national Bank Holiday. The State Funeral will mark the end of the official mourning period following Her Majesty's death. The … [Read more...]

Stockport marks accession of His Majesty The King Charles III

September 12, 2022

Stockport marks accession of His Majesty The King Charles III

On Sunday, 11 September, the Mayor of Stockport proclaimed the accession of His Majesty The King Charles III to Monarch of the United Kingdom. The proclamation followed the Principal proclamation of His Majesty The King Charles III at St James’s Palace, London, on 10th September; the Accession … [Read more...]

September 8, 2022

Liz Truss announces plans to cap household and business energy bills

Prime Minister Liz Truss has unveiled new proposals to curb both domestic and commercial energy bills. In an address to Parliament this morning (8th September), the newly appointed Prime Minister announced proposals to cap domestic energy bills from 1st October at £2,500 for a typical household … [Read more...]

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