Nigel Farage has said Parliament needs to oppose an amendment which some say could give the DWP the right to access the bank accounts of anyone in receipt of DWP money.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Long-Term Sickness Absences Hit Record High
The number of individuals out of work due to long-term sickness reaches a record high of 2.8 million, surging by 700,000 over three years. This trend, exacerbated by the COVID-19 pandemic, adds pressure to the labour market, impacting employment levels and contributing to inflationary challenges.
Inflation Declines Slower Than Expected, Dampening Hopes of Immediate Rate Cuts
Inflation fell more slowly than expected last month thanks to strong petrol and communication goods price pressures, casting doubt on hopes for immediate rate cuts by the Bank of England.
Royal Mail Owner Rejects Takeover Bid from Czech Billionaire Daniel Křetínský
International Distributions Services (IDS), the owner of Royal Mail, has turned down a takeover offer from Czech billionaire Daniel Křetínský’s EP Group, citing a desire to continue engaging constructively with the board.
Samsung Overtakes Apple as World’s Largest Phone Maker as iPhone Sales Decline
After a nearly 10% drop in iPhone shipments in the first quarter, Apple cedes its position as the world’s biggest phone maker to South Korea’s Samsung. Beijing’s restrictions on Apple products and competition from Chinese rivals contribute to the shift, impacting Apple’s market share and share prices.
New data suggest Welsh employees more focused on AI skills development
Workers across Wales are more likely to invest in their own AI training in the next five years than any other region in the UK, but few fear that this technology will replace their job.
Rachel Reeves calls for childcare reform to support female workers
Shadow Chancellor Rachel Reeves has called for childcare reform to support women in the workplace.
Hundreds of British bosses fear AI could steal their jobs
Hundreds of UK chief executives believe that artificial intelligence (AI) could steal their job, underlining widespread fears over the technology’s potential to shake up traditional working models.
UK Unemployment Surges, Sparking Calls for Bank of England Intervention
As unemployment in the UK reaches its highest level in six months, economists predict a possible interest rate cut by the Bank of England to stimulate the slowing jobs market. Despite a slight dip in wage growth, concerns over inflationary pressures linger amidst signs of cooling employment trends.
Bloom & Wild’s Losses Soar Amidst Shifting Consumer Trends and Economic Uncertainty
Bloom & Wild faces a challenging financial year as losses exceed £100 million amidst a backdrop of waning consumer confidence and a return to physical shopping. The online florist grapples with changing market dynamics and the aftermath of pandemic-induced surges.
Thames Water Races Against Time: Two-Month Deadline to Secure Future Amid Financial Crisis
Thames Water faces a critical juncture as it scrambles to present a viable plan to Ofwat by June 12, amidst an £18 billion debt crisis. With shareholder investments hanging in the balance, the UK’s largest water utility fights for survival, impacting millions of customers.
Britishvolt Site Acquired by Blackstone for £110m, Set to House Data Centre
The former site of Britishvolt, a failed battery startup in northeast England, has been acquired by US private equity firm Blackstone Group for £110 million.
Jaguar joins rivals by delaying full electric transition with continued production of F-Pace
Despite previous commitments to transition to an all-electric marque by 2025, Jaguar has announced plans to prolong the production of internal combustion vehicles well into next year.
Barclays Leads Complaints List for Small Business Account Closures
Barclays has emerged as the most complained-about bank for small business account closures.
Hunt Slams Thames Water’s Bid for Higher Bills Amid Failures
Jeremy Hunt has condemned Thames Water’s plea for increased household bills in the face of potential insolvency as “utterly outrageous.”