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.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
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.
Santander Raises Alarm Over Surge in Impersonation Scams
Santander UK has issued a stark warning, highlighting a surge in bank impersonation scams targeting hundreds of businesses.
UK economy shows signs of recovery in January
The UK economy demonstrated signs of improvement in January, raising optimism for a potential exit from recession.
US House Passes Bill Targeting TikTok Ownership
The US House of Representatives overwhelmingly approved a bill on Wednesday that compels ByteDance, the owner of TikTok, to sell the popular social media platform or face a complete ban in the United States.
Metro Bank to Cut 1,000 Jobs and cancels seven day branch openings
Metro Bank has announced plans to slash 1,000 jobs and discontinue its iconic seven-day branch model, as part of an extensive cost-saving initiative, following a significant expansion of its cost-cutting strategy post-autumn rescue deal.
Overhaul planned for payments with renewable energy sector
The government is proposing a significant shift in the way renewable energy companies are compensated for the electricity they generate, aiming to address the issue of substantial payments made to generators for shutting down operations.
Britain Approaching Full Employment, Says Bank Governor
The governor of the Bank of England has acknowledged the challenges faced by policymakers due to unreliable data, expressing a desire for more accurate figures on the unemployment rate.