London Mayor Sadiq Khan has announced a bold initiative to generate 150,000 “high-quality, well-paid jobs” by 2028.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
British Steel Secures Multimillion-Pound Contract for Egyptian Rail Project
British Steel has announced that it has won a significant multimillion-pound contract to supply rail for a new railway project in North Africa.
House Prices Rise for Second Month in a Row
After a surprising fall in house prices last month, economists have indicated that it was merely a temporary setback and expect prices to continue rising throughout the year.
Microsoft to Offer Teams Separately from Office Suite Worldwide
Microsoft has announced that it will sell its Teams online meeting service separately from its Office software suite worldwide, following a move made six months ago in Europe.
Nationwide Advert Banned for Misleading Claim about Branch Closures
Nationwide Building Society’s television commercial, featuring actor Dominic West and satirising branch closures by rival banks, has been banned by the Advertising Standards Authority (ASA) for misleading consumers.
Government Admits Need for 40,000 More Nursery Staff for Free Childcare Expansion
The government has acknowledged that an additional 40,000 nursery staff will be required to implement the “massive” expansion of free childcare, following concerns raised by parents and industry experts.
Claire Coutinho Mulls Overhaul of Green Levies on Electricity Bills
Claire Coutinho, the Energy Secretary, is exploring the possibility of removing £4 billion of green levies from household electricity bills, considering options such as transferring some or all of these charges to gas bills or funding them through general taxation.
Trump’s Truth Social Faces Investor Exodus as $58M Losses Surface
Shares in Donald Trump’s Truth Social, his venture into social media as a rival to Twitter, plummeted following the revelation of over $58 million in losses last year, intensifying concerns among investors.
Justin King Backs £50m Fund to Invest in Hospitality Firms
A consortium of high-net-worth individuals, spearheaded by Justin King, former chief executive of J Sainsbury, has raised £50 million to pursue acquisitions within the premium restaurant sector.
Interpath Advisory Faces Losses as Middleton Family Business Collapses
Interpath Advisory, the City firm overseeing the insolvency of the business operated by the parents of the Princess of Wales, faces a setback as it grapples with costs surpassing £260,000, rendering it unable to recover the full fees owed for the project.
Shop Price Inflation Hits Two-Year Low, Fuelling Expectations of Interest Rate Cut
Shop price inflation has plummeted to its lowest level in over two years, signalling a potential path for the Bank of England to slash interest rates in the coming months, recent reports reveal.
Next Tube Strikes: Dates and Affected Lines Revealed
London Underground drivers, represented by the Aslef union, are set to stage two 24-hour strikes, exacerbating commuter woes across the capital.
Tories Hint at National Insurance Abolition in Next Parliament
Treasury minister Gareth Davies suggests the Conservative Party could progress towards scrapping National Insurance if re-elected, amidst criticisms of Labour’s stance on workers’ rights. However, uncertainties loom over the feasibility and timing of such a move.
UK Government Quietly Pauses Natwest Retail Bidding Process
The Treasury has discreetly halted the bidding process for managing the sale of its stake in Natwest, raising doubts about the structure of the much-hyped ‘Tell Sid’-style retail deal.
US braces for supply chain disruption following Baltimore bridge collapse
The closure of the Port of Baltimore following the catastrophic collapse of the Francis Scott Key Bridge has prompted concerns about significant disruptions to supply chains in the United States.