UK recruiters have warned the Bank of England of a dip in permanent hiring across UK businesses as organisations grapple with ongoing economic turbulence, according to a new report.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
UK house prices rise again as easing of mortgage rates tempts more buyers
UK house prices rose for the second month in a row in November, according to a leading index, as a slight easing in mortgage rates helped coax more buyers into the market.
Frasers Group CEO Michael Murray warns of ‘softening’ in global luxury market as sales fall
Mike Ashley’s Frasers Group has warned of “softening” in the global luxury market as underlying sales at its upmarket division, which includes the House of Fraser department stores and Flannels chain, dived more than 11%.
Next CEO Lord Wolfson says planning rules are stifling economy and society
The chief executive of Next has called for an overhaul of Britain’s planning rules as he warned that the current system is “holding back industry and society”.
Bank of England set to examine risks posed by artificial intelligence
The Bank of England will examine the financial stability risks posed by artificial intelligence in an effort to keep regulators’ eyes open to the technology’s threats.
UK’s energy supply needs over £900 billion investment to reach net zero by 2050
The UK’s energy supply could require more than £900 billion in capital expenditure to achieve net zero by 2050, opening up a significant opportunity for public and private capital in enabling a successful transition, according to a new report published by NatWest and Boston Consulting Group (BCG) today.
UK firms to deliver €415 million sustainable development scheme in coastal Angola
Support from UK Export Finance means that British firms have secured contracts to upgrade critical infrastructure in Benguela Province and protect the region against future flooding.
Boardroom veteran Rupert Soames to lead scandal-hit CBI
The boardroom veteran Rupert Soames is to become the next president of the CBI, the business lobby group that is trying to recover from an existential workplace misconduct scandal.
DWP errors leave more than 200,000 pensioners £1.3bn out of pocket
More than 200,000 pensioners were left out of pocket by a total of £1.3bn last year and many will never be repaid because of lax record keeping, according to parliament’s spending watchdog.
US job vacancies fall to lowest for two years
Job vacancies in the American economy fell to their lowest level in more than two years, helping cool the labour market and raising expectations of interest rate cuts in the world’s largest economy.
Amazon and Google complain to UK’s competition regulator that Microsoft has stranglehold on the cloud
Amazon and Google have complained to the UK’s competition regulator that their rival, Microsoft, uses practices that restrict customer choice in the £7.5 billion cloud computing market.
British car manufacturers given three-year reprieve from Brexit tariffs on electric vehicle EU exports
British car manufacturers are to be given a three-year reprieve from Brexit tariffs on electric vehicle exports to the EU, hours after new figures showed sales of battery-powered vehicles fell by almost a fifth last month.
Chancellor says UK economy has a ‘sprained ankle’
The UK Chancellor has disagreed with claims that the UK economy has a ‘broken leg’ but instead says is has a ‘sprained ankle’ as he blames Brexit for sparking half a decade of instability leading to ‘incredibly challenging times’,
UK is hub for innovation, but business still struggling to scale up, new research finds
New research shows that despite the fact that UK entrepreneurs generate £950bn in annual revenue, entrepreneurs in the most innovative regions are struggling to access the funding they need to grow.
Saudis buy 49% stake in Forte Hotels group
Sir Rocco Forte is increasing the pace of expansion of his luxury hotel group after selling a 49 per cent stake to Saudi Arabia’s sovereign wealth fund which values the business at £1.4 billion.