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.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
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.
20,000 people off work in the UK every month with mental ill health
The latest data from the Department for Work and Pensions (DWP) has revealed thousands of people are deemed unable to work due to mental health issues every month.
Companies going bust rises by a fifth compared to same period last year
The latest figures from the Insolvency Service reveal a concerning trend in business insolvencies, with a notable increase of nearly a fifth compared to the same period last year.
Judge Dismisses Claim of Australian Computer Scientist as Bitcoin Inventor
In a landmark ruling, the judge presiding over the legal dispute regarding the inventorship of Bitcoin has declared that Australian computer scientist Craig Wright is not the creator of the cryptocurrency.
FCA Vows Swift Response to Car Loan Issues
The chief regulator of the City has hinted at likely failings by some companies in concealing commissions charged on car loans.
Macmillan Cancer Support cut 150 jobs amid soaring inflation
Macmillan Cancer Support, one of the UK’s prominent charities, has announced plans to cut 150 jobs, equivalent to one in 14 of its workforce, citing challenges in raising funds amidst soaring inflation and escalating demand for its services.
“Let’s Celebrate Towns”: Visa Honours Eight UK Towns for their Contribution to Business and Community Prosperity
Visa, in collaboration with the British Retail Consortium (BRC), has honoured Altrincham, Armagh, Boscombe, Northwich, Sherborne, Shrewsbury, Waltham Cross, and Weston super-Mare at the ‘Let’s Celebrate Towns’ awards.
5,000 UK chain stores closed in 2023 at the rate of 14 a day
The UK saw nearly 5,000 more chain stores close last year, averaging 14 closures per day, as high streets grappled with the fallout from the collapse of Wilko, the withdrawal of banks and pubs, and other factors.
The Hollywood effect: Wrexham lines up three-hour direct rail service to London
The town of Wrexham, propelled into the spotlight by its recent Hollywood-meets-football phenomenon with Wrexham AFC co-owners Ryan Reynolds and Rob McElhenney, is poised to become even more accessible with a new direct rail service to London.
London’s Groucho Club set to open new club in Yorkshire
The Groucho Club, renowned for its vibrant history in London’s Soho, is venturing into uncharted territory by expanding to the West Yorkshire countryside.