The Bank of England’s chief economist has warned that the UK’s buoyant labour market and rapidly rising inflation is pushing the central bank closer to raising rates at its next meeting in December.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Homelessness could cost Government £2.6 billion if it fails to act now, The Big Issue has revealed
Homelessness could cost Government £2.6 billion if it fails to act now
UK independent retailers plan largest boycott ever seen against Black Friday
This Friday, independent retailers across the country will shut down their websites, donate their profits to charity and plant trees as part of a renewed drive against the rabid consumerism encouraged by large online sellers offering deals for Black Friday.
John Lewis targets ‘throwaway’ culture with £1m ideas fund
The owner of John Lewis and Waitrose are launching a £1m fund that will channel cash into projects with the potential to end the high street’s “throwaway” culture.
CBI says free market has left UK with ‘branch-line economy’
The CBI will today tell ministers that levelling up cannot be left to the free market, with regions suffering from decades of a “benign neglect” that has left the country with a “branch-line economy” where too many companies are centred on London and the south-east.
UK must boost recycling of materials for green industries
The UK must scale up recycling of materials for low carbon industries or risk facing a critical shortage of key metals, a new report warns.
M&S chairman warns of Brussels red tape ‘nightmare’ in Northern Ireland
The chairman of Marks & Spencer warned that trade in Northern Ireland could become an “operational nightmare” and that the burden of red tape would be increased by concessions from Brussels.
Rising consumer confidence boosts spending spree hopes
Consumer confidence has edged higher as shoppers prepare for a pre-Christmas spending spree despite soaring inflation and the prospect of an interest rate rise
New laws to clamp down on mobile phone use at the wheel
Virtually all use of mobile phones at the wheel will be banned from next year, with guilty motorists facing six points on their licence and a £200 fine.
Capital Business Media launches new events & awards division: The UK Business Events & Awards Company
Capital Business Media has announced a £500,000 investment into new events company The UK Business Events & Awards Company to develop a leading awards programme to reward business excellence and innovation.
Apple announces self-service repair scheme
Apple has announced a “self-service repair” programme so “customers who are comfortable” can fix their own devices.
HS2 Leeds link cut amid government promise to transform rail
The government has scrapped the Leeds leg of the HS2 high-speed rail line as part of a package that ministers promise will transform services.
UK announces plan to boost overseas trade
The government has announced plans to boost the UK’s annual exports to £1 trillion by the end of the decade.
JP Morgan sues Tesla for $162m after Musk tweets
JP Morgan Chase is suing Tesla for $162m (£121m) over tweets in 2018 by boss Elon Musk that he could take the electric car maker private.
Amazon to stop accepting Visa credit cards in UK from January 2022
Amazon will stop accepting Visa credit cards issued in the UK from 19 January, the online retail giant has said.