Five Labour mayors have urged Rishi Sunak not to scrap, delay or scale back HS2 as it would “leave swathes of the north with Victorian transport infrastructure that is unfit for purpose”.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Scrapping inheritance tax would cost £15bn a year by 2032, says IFS
Scrapping inheritance tax would cost the government almost £15bn a year in lost revenue by 2032, according to analysis by the Institute for Fiscal Studies
US Trade Commission sues Amazon for using power to create monopoly
The US Federal Trade Commission has accused Amazon of wielding monopoly power to inflate prices and stifle innovation in a landmark lawsuit taking aim at Big Tech’s dominance of the internet.
Meta pays £149m to end lease of London office without moving in
Meta, the owner of Facebook, has paid £149 million to surrender lease on a London office block having not moved in any staff two years after signing the deal.
Senior business leaders back Keir Starmer’s call not to ‘diverge’ from EU
Senior business leaders and trade bodies have backed Keir Starmer’s comments that Britain should not part from the European Union on standards ranging from the environment to employment.
Number of workers taking sick leave hits 10-year high
Stress was one of the biggest contributors to a rise in workplace absences over the past year, according to research that found the number of workers taking sick leave has hit a 10-year high.
Rishi Sunak shocked at runaway cost of HS2
Rishi Sunak is “alarmed” by the escalating cost of HS2 amid claims that executives on the project have acted like “kids with the golden credit card”.
London offices lose fifth of their value in a year
Offices in London have lost almost a fifth of their value over the past year, much more than blocks in most other European countries.
Hollywood writers in deal to end US studio strike
Screenwriters in the US say they have reached a tentative deal with studio bosses that could see them end a strike that has lasted nearly five months.
Nissan pledges to go fully electric in Europe by 2030
Nissan has pledged to go fully electric in Europe by 2030, outpacing the watered-down ambitions announced by Rishi Sunak of the British government.
West Midlands tycoon, 21, saves Britain’s last remaining alloy wheel manufacturer
Britain’s last remaining manufacturer of alloy wheels has been rescued by a 21-year-old who is also vying to buy Morecambe Football Club.
Brussels urged to delay Brexit deadline amid fears of huge job losses for car industry
Brussels is resisting an “urgent plea” for the European Union to extend zero-tariff Brexit trade rules on electric vehicles amid car industry concerns over a deadline of New Year’s Day that could lead to job losses.
Amazon pledges $4bn to Anthropic in race for chatbot dominance
Amazon is making an investment of up to $4 billion in Anthropic in the latest in a series of alliances between big tech and artificial intelligence start-ups as hype around generative AI technology accelerates.
Business tycoon, John Caudwell, threatens to withdraw support for Sunak over ‘net zero madness’
UK business magnate John Caudwell, founder of Phones 4u, has announced his decision to withdraw his support from Prime Minister Rishi Sunak and the Conservative Party due to their views on the net zero initiative.
Jeremy Hunt calls for London to be the place tech companies choose to raise capital
Jeremy Hunt has said that London’s stock exchange should be like the Nasdaq exchange in the US and become “Europe’s place of choice” for technology companies that want to raise capital.