Is the Smart Data reforms what UK businesses need to thrive?
A business alliance led by MP John Penrose is urging the government to expedite Smart Data reforms, to enhance the competitiveness of British exporters, among others.Business leaders rally behind urgent smart data reforms for British competitiveness and consumer benefits
London mayor unveils new support over road pollution charge
London's mayor announced Thursday increased financial support for owners of more polluting vehicles impacted by his contentious extension of a daily charge when driving them in the British capital.
Bank of England raises UK interest rates to a record 5.25%
The last time rates were this high was in April 2008, in the midst of the global financial crash, with the UK's central bank expecting inflation to fall below five per cent in the autumn or winter.
Londoners spend almost £1 billion a year on beauty products
In the lingering financial crisis, the "lipstick effect" takes centre stage as consumers turn to small indulgences for comfort, leading to a 1,006 per cent increase in demand.
Around 97% of women entrepreneurs affected by gender bias in funding
A recent survey of women entrepreneurs in the UK provided critical insights on gender bias in funding, revealing the biggest barrier faced by women in the business world is the lack of female decision-makers in these venture capital firms.
Reports show 50% of banks think data-driven financial services have provided commercial benefits
Financial institutions in the UK want to assist clients better, with over 80 per cent of bank executives committed to providing data-driven financial management support.
Record high of nearly 6,000 hospitality industry closures in the last 12 Months
There have been approximately one in 18 hospitality industry closures all over Britain in the past year, as the record-breaking number sends shock waves through the sector and raises concerns about the long-term viability of businesses.
'It is just the beginning' – Climate scientists say that July is the warmest month on record
Climate extremes have intensified and are affecting developing countries the most, with experts saying "the era of global boiling has arrived".
UK bank NatWest CEO resigns after Farage 'error'
The chief executive of Britain's NatWest bank, Alison Rose, stepped down Wednesday after admitting a "serious error of judgment" in speaking to a reporter about the banking affairs of arch-Brexiteer Nigel Farage.
British berry sector facing critical challenge amidst rising production costs
The British berry sector is confronting a critical challenge as retailers fail to keep pace with growers' increasing production costs.
Government's climate policies must be implemented 'proportionately and pragmatically' – Sunak
The current government climate strategy outlines policies and proposals for decarbonising all sectors of the UK economy to achieve net zero emissions by 2050.
Cost of living crisis leads UK consumers to welcome deinfluencer content
According to a recent report, UK consumers are growing disinterested in the influencer culture, with many unfollowing accounts that portray unrealistic lifestyles.
Operating profits in the grocery retail industry dropped by over 41%
According to CMA, competition in the UK grocery retail industry will keep price increases low, despite food and grocery costs at historically high levels.
Fears for UK 'green' policies after shock by-election result
Contentious plans by London's mayor to extend a scheme taxing the use of the most polluting vehicles were being blamed Friday for costing his opposition Labour party Boris Johnson's old parliamentary seat.
Investors' projections indicate affordable housing market set to double by 2023
JLL's Affordable Housing 2023 report projects a 120 per cent growth in the UK's affordable housing market, with an increasing interest of investors.
Sunak's ruling conservatives brace for defeat in UK by-elections
Prime Minister Rishi Sunak's Conservatives braced for defeat in three by-elections across England on Thursday, as the ruling party looked set to suffer an electoral backlash over the UK's ailing economy.
UK businesses can create nearly 2 million jobs through successful international expansion
A new report by Santander UK reveals that successful international expansion by UK businesses could create about 1.9 million jobs and boost Glasgow's economy by £735 million.
PM Sunak appoints leading chief executives to new business council
Prime Minister Rishi Sunak has appointed a new business council that brings the chief executives of major companies into the heart of government to help boost the British economy.
Research reveals overstocking costs businesses an average quarterly loss of nearly £900,000
A recent report has exposed the overstocking challenge facing UK retailers, which has led to millions in lost income and jeopardised their financial stability.
AI could increase the risk of fraud in the financial services of Britain
The FCA sounded the warning bell for financial services as AI fraud takes centre stage. The Head of FCA provided some crucial insights on how they are preparing to tackle AI frauds.
The British Embassy in Iraq call for project bids that protect human rights and freedom of expression
Project bids that protect freedom of expression and human rights in Iraq are being welcomed by the British Embassy in Baghdad, Iraq.
Is the cost-of-living crisis highlighting workplace gender disparity?
New research has shed light on the effect of the cost-of-living crisis on working women, as more female employees are worried about their financial stability than their male counterparts.
Government offers pay rises to millions of UK public sector workers
The offer comes amidst a backdrop of widespread strikes across the public sector over the past few months, with the government suggesting pay rises of between six per cent and 6.5 per cent for 2023-24.
UK Government implements pay increases for public sector workers amid strikes
UK government offers pay raises to public sector workers amidst strikes. Junior doctors walk off the job for five days. Concerns were raised about NHS costs and patient care.
Bank of England warns of rising mortgage payments and potential struggles for UK households
The Bank of England warns that nearly one million UK households will face higher mortgage payments due to rising interest rates, potentially impacting financial stability.
Britain moves closer to universal childcare with £204 million funding for nurseries
The UK government has increased the funding rates for childcare investments so that parents can get easily affordable and accessible childcare facilities, reducing barriers at work and helping in economic growth.
UK lenders can withstand major shock: Bank of England
Britain's top lenders have passed stress tests to show they can withstand major economic shock, even as rising interest rates pressure the financial system, the Bank of England said Wednesday.
Study reveals funding shortage forces UK SMEs to halt operations
A study by Manx Financial Group reveals that a significant number of UK SMEs have been forced to reduce or halt their operations due to a lack of funds.
Businesses funding the Sudan conflict have been sanctioned by the UK government
Six multi-million-dollar companies in the UK, have had their assets frozen to press the parties into a peace treaty after the government imposed new sanctions.
UK water crisis pollutes privatisation legacy
Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills -- the nation's vital sectors are mired in chaos decades after their controversial privatisation.