The UK is gearing up to trial its first electric flying taxis by 2026, a move that could see these futuristic modes of transport in regular use by the end of the decade, according to government sources.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Criminal fraud trial of UK tech tycoon Mike Lynch to begin today
The highly anticipated criminal fraud trial of Mike Lynch is set to commence in San Francisco today.
Recession Concerns Ease as Economic Growth Diversifies Across UK Sectors
In a positive turn of events, economic growth has become more widespread across the UK’s private sector, reaching a ten-month high in February.
‘Deepfake’ Music Start-up Voicify Faces Copyright Dispute
The UK music industry has initiated its first legal action against AI “deepfake” technology, targeting a start-up that produces songs emulating the voices of renowned musicians like Amy Winehouse, Rihanna, and Drake.
Naked Wines Seeks Debt Adviser Amid Share Price Decline
Naked Wines, the online wine retailer listed in London, has taken a strategic step by engaging debt advisers to explore potential refinancing solutions in response to challenging market conditions.
Government Warned Weak Heat Pump Uptake Hampers Emission Reduction Efforts
The government is facing censure from the National Audit Office (NAO) over insufficient progress in encouraging households to transition to clean heating, with uptake of heat pumps falling significantly short of expectations.
Post Office to be Excluded from Horizon Compensation Process, Minister Confirms
The Post Office will no longer be responsible for administering compensation for victims impacted by the flawed Horizon software.
Thames Water Lenders Enlist EY as Debt Deadline Nears
As the looming deadline for £190 million in debt owed by Kemble Water, the parent company of Thames Water, approaches, a consortium of lenders has taken proactive steps by engaging the services of EY, a leading accountancy firm, to guide them through the negotiation process.
Branson Trims Workforce at Virgin Group HQ
Sir Richard Branson’s Virgin Group is set to trim its workforce at its London headquarters as part of a consolidation effort involving two of his enterprises.
EU backs legislation against forced labour in supply chains
European Union countries have reached a consensus on a law mandating companies to ensure that their supply chains do not contribute to environmental degradation or exploit forced labour.
Lib Dems call for Biden-style tax on share buybacks and focus on beating Hunt & Gove in General Election
The Liberal Democrats are advocating for a new tax on share buybacks by large companies, echoing Joe Biden’s policy, as they gather for their spring conference in York.
FCA chief faces consumer backlash after signalling possible ‘end of free banking’
Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), has sparked a backlash from consumers after indicating that the regulator would not intervene if banks opted to charge for current accounts.
Inflation forecast hit two-year low
Inflation in the UK is projected to have decelerated to a two-year low in February, and economists are cautioning that the Bank of England’s 2 per cent target may not be met in the upcoming months.
Over a thousand civil servants threaten strike action over flexible working
More than a thousand unionized staff at the Office for National Statistics (ONS) are poised to vote on potential industrial action in response to proposed changes that would require them to be in the office at least two days a week.
Norfolk County Council beats Apple in £385m iPhone legal battle
Norfolk County Council has emerged victorious in a legal battle against tech giant Apple, with the settlement resulting in a payment of $490 million (£385 million) to resolve the lawsuit.