Britain’s major banks have been placed on high alert following the discovery of hundreds of ‘rogue’ filings apparently lodged at Companies House, the UK’s central corporate register. A note issued by UK Finance, the banking trade association, has cautioned its members about approximately 800 forms pertaining to the discharge of financial liabilities, which were submitted […]
Major banks are facing increasing scrutiny over their failure to offer competitive interest rates on the savings of small businesses, prompting calls for urgent action to address the issue and prevent SMEs from losing out on over £7.5 billion annually. Criticism has been directed at banks for offering preferential savings rates to large corporate clients […]
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Elon Musk has launched legal action against OpenAI, the developers of ChatGPT, asserting that the company has veered away from the principles agreed upon when he co-founded it in 2015. The lawsuit, which also targets OpenAI CEO Sam Altman, alleges that the company has strayed from its original non-profit, open-source objectives. Instead of focusing on […]
Royal Mail has confirmed that stamp prices will rise again, marking the fourth increase in the past two years for first-class letter postage. Effective from 2nd April, the price of a first-class stamp will climb by 10p to £1.35, while second-class stamps will also see a 10p hike to 85p. The decision comes amidst warnings […]
London’s Mayor, Sadiq Khan, has officially announced today that a groundbreaking trial will kick off next Friday, 8th March. This initiative will see Tube and rail fares on pay as you go with contactless and Oyster cards set to off-peak rates all day on Fridays. The Mayor has introduced this trial to aid Transport for […]
UK car production surged ahead in January, as revealed by the latest data from the Society of Motor Manufacturers and Traders (SMMT). With volumes increasing by a substantial 21.0% to reach 82,997 units, this represents the strongest January performance since 2021 and marks the fifth consecutive month of growth. The boost in production comes amidst […]
Preparatory work for the £1.75bn Midlands Rail Hub initiative is poised to begin after the government allocated an additional £123m towards the project. The ambitious scheme encompasses over 50 stations, with the initial phase set to introduce an extra train service every hour in both directions between central Birmingham and key destinations such as Bristol, […]
Rachel Reeves, the shadow chancellor, has conceded that it will require substantial time for a Labour government to steer Britain back on course, lambasting the Conservatives for what she described as economic vandalism spanning the past 14 years. Speaking ahead of next week’s budget, Reeves remarked that whichever party clinches victory in the upcoming election […]
Christian Horner, the team principal of Oracle Red Bull Racing, has been cleared of misconduct following an independent investigation following allegations of inappropriate behaviour towards a female employee prompted an inquiry by team owners Red Bull. The 50-year-old Horner has been vindicated by an independent barrister tasked with reviewing the evidence. The statement from a […]