Lloyds Banking Group is set to close a further 48 branches across England and Wales, the British lender said on Wednesday, as it seeks to further cut costs by trimming its physical network.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Inflation steady at 3.1% ahead of predicted surge in the cost of living
The rate of inflation crept down slightly to an annual rate of 3.1% in September, according to official figures which are tipped to surge ahead in the months ahead and force the Bank of England to intervene.
Mark Zuckerberg is planning to rebrand Facebook
Facebook is believed to be preparing to change its corporate name as it battles accusations that its social media sites harm the mental health of younger users.
Disbelief as Scotland loses out in £1bn carbon capture project
Scotland has been dealt an “economic and environmental” blow after a flagship carbon capture project was sidelined by the UK government, a billionaire businessman has said.
Stores’ own-label cleaning goods next in line for hike
The prices of supermarkets’ own-branded bleaches and washing up liquids are set to rise after one of the country’s leading suppliers warned that it was being hit hard by rising costs.
Restaurants and hotels facing ‘terrifying’ 18% inflation, MPs told
Restaurants and hotels are wrestling with “terrifying” inflation running as high as 18%, bosses have warned, as supply chain disruption and labour shortages wreak havoc in the hospitality sector.
Britons face higher taxes to pay for government’s eco pledges
Britons face new taxes or reduced public spending to pay for the country’s rapid transition to net zero, the Treasury warned yesterday, as splits emerged at the top of government over the costs of decarbonisation.
UK firms will have to start disclosing climate impact with annual fillings
Some large UK businesses will have to start disclosing their environmental impact, under new rules set to be brought in by the Treasury.
Wales to get UK’s first hydrogen-powered brewery
A brewery in Wales is set to become the first in the UK to be powered by hydrogen, under new plans.
Foreign investment deals to create 30,000 UK jobs, says government
Foreign investment deals in low-carbon sectors in the UK to be announced on Tuesday will create about 30,000 jobs, the government has said.
More than a third of UK music industry workers lost jobs in 2020
More than a third of UK music industry workers lost their jobs last year – 69,000 in total – as venues closed, festivals were scrapped, tours ground to a halt and the pandemic wiped billions off the value of the sector.
Tesco takes on Amazon Go with launch of ‘just walk out’ store
Tesco is fighting back against Amazon with its first “just walk out” store, where it is possible to buy groceries without having to scan items or visit a till.
£10bn foreign investment ‘will power UK recovery’
Boris Johnson has announced almost £10 billion of overseas investment in Britain before a global summit in an attempt to trump Emmanuel Macron’s efforts to lure businesses to France.
There’s a shortage of bouncers – and nightclub bosses fear it could put public safety at risk
The nightclub industry has become the latest to be hit in the UK’s supply crisis – with bosses calling for urgent government action due to a shortage of bouncers.
Facebook plans to hire 10,000 people in Europe to build its metaverse
Facebook plans to hire 10,000 people in the European Union over the next five years to help build its metaverse, the social media giant has announced.