Hiring outside London has dropped significantly after Chancellor Rachel Reeves unveiled her first Budget, leaving regional businesses scrambling to contain costs. The recruitment firm Robert Walters reported a 45pc fall in fee income from operations outside the capital during the final quarter of 2024, while London-based income rose by 3pc. The company attributed the decline […]
Retailers in London’s West End have warned that new business rates reforms could spell store closures and job losses, with the flagship shopping district facing a collective rise of £44.5 million in property bills next year. The New West End Company, which represents 600 retail, hospitality and leisure businesses in the area, highlighted a potential […]
Amazon has placed orders for more than 150 electric heavy goods vehicles (HGVs) in a bid to create Britain’s largest zero-emission truck fleet. The online retail and logistics giant is also stepping up its commitment to rail transport, moving packages along the west coast main line for onward distribution. Amazon confirmed it has ordered over […]
Senior bankers at Lloyds Banking Group risk having their bonuses reduced if they fail to meet new in-office requirements, which mandate being on site at least two days per week. The move, revealed ahead of the 2024 financial year bonus distribution next month, comes as major employers roll back remote working arrangements in a bid […]
Prime Minister Sir Keir Starmer has publicly reaffirmed his commitment to keeping Chancellor Rachel Reeves in her post until the end of the current parliament, despite new polling showing Nigel Farage’s Reform UK almost neck and neck with Labour and pushing the Conservatives into third place. Reeves, who cut short a trip to China to […]