Macmillan Cancer Support, one of the UK’s prominent charities, has announced plans to cut 150 jobs, equivalent to one in 14 of its workforce, citing challenges in raising funds amidst soaring inflation and escalating demand for its services. The charity, renowned for its crucial role in local NHS provision, allocates £250m annually to support approximately […]
Visa, in collaboration with the British Retail Consortium (BRC), has honoured Altrincham, Armagh, Boscombe, Northwich, Sherborne, Shrewsbury, Waltham Cross, and Weston super-Mare at the ‘Let’s Celebrate Towns’ awards. This nationwide showcase was designed to spotlight the remarkable efforts of towns across the UK in fostering thriving local businesses and communities. The initiative builds on the […]
The UK economy demonstrated signs of improvement in January, raising optimism for a potential exit from recession. Official figures reveal a 0.2% growth, buoyed by increased consumer spending both in retail outlets and online, alongside heightened construction activity. The Office for National Statistics (ONS) highlighted the services sector as the primary driver of this uptick. […]
The US House of Representatives overwhelmingly approved a bill on Wednesday that compels ByteDance, the owner of TikTok, to sell the popular social media platform or face a complete ban in the United States. In a decisive vote, 352 members of Congress voted in favor of the bill, with only 65 opposing it. The legislation, […]
Metro Bank has announced plans to slash 1,000 jobs and discontinue its iconic seven-day branch model, as part of an extensive cost-saving initiative, following a significant expansion of its cost-cutting strategy post-autumn rescue deal. The bank revealed on Wednesday that it has enlarged its original £30 million cost-saving plan, initially announced in October, to £50 […]
The government is proposing a significant shift in the way renewable energy companies are compensated for the electricity they generate, aiming to address the issue of substantial payments made to generators for shutting down operations. Under the current contracts for difference (CfD) scheme, sustainable energy operators receive payments based on their actual power generation, incentivizing […]
The Environment Audit Committee has raised concerns about the UK government’s progress in tackling electronic waste (e-waste), highlighting that little headway has been made since its report in November 2020. The committee’s chairman, Philip Dunne, expressed disappointment over the government’s response to their recommendations, stating that while some measures were accepted, they have not been […]
Rishi Sunak has sparked controversy by endorsing the construction of new gas-fired power stations, stating that he will prioritise energy security and avoid jeopardising it. The government’s plan, to be announced today, aims to bolster gas power capacity, providing investors with increased confidence in the long-term viability of such plants, despite the nation’s transition away […]
The Competition and Markets Authority (CMA) has initiated a formal market investigation into the veterinary sector following a review that uncovered several issues within the industry. According to the CMA, pet owners might be overpaying for medications and may not be adequately informed about treatment options. Sarah Cardell, the CMA’s chief executive, emphasized the need […]
The dwindling pace of wage growth coupled with declining demand for staff has intensified pressure on the Bank of England to consider cutting interest rates in an effort to rejuvenate a faltering job market. According to the monthly report on jobs by the Recruitment and Employment Confederation (REC) and KPMG, the rate of growth in […]