Lenders expect to ease the supply of new mortgages in the coming quarter, according to the Bank of England’s latest study of bank intentions. There was little evidence in the survey of a wider or deeper credit crunch, but the study came too late to give a full verdict on sentiment in the wake of […]
Eco-smart home technology manufacturer, myenergi, has secured a £30m funding package from HSBC UK to support the development and production of innovative smart home energy products. This significant investment will allow myenergi to continue to innovate and grow, underlining its position as a leader in the smart home technology industry. The funding will be used […]
More than a quarter of UK organisations say they are likely to make redundancies in 2023, according to new research. As the UK experiences evolving economic problems, organisations are having to tighten their belts, with half expecting to cut costs this year. These cuts are inevitably spilling into employee packages, with 29% of firms likely […]
The UK economy stagnated in February after civil service and teachers’ strikes hit output in the services sector, official figures show. Gross domestic product (GDP), the main measure of output, rose by a revised 0.4 per cent in January after a 0.5 per cent decline in December, according to Office for National Statistics figures. GDP […]
Second-home owners will be forced to seek planning permission to start renting out their properties as holiday lets, under plans to reduce housing pressure in tourist hotspots. Michael Gove, the housing secretary, will announce today that ministers intend to alter planning laws by the end of the year to give councils the power to ban […]
Elon Musk said he bought Twitter because it was the “right thing to do” but admitted that it has been “painful” and “stressful”. The billionaire also said that the social media company is “roughly breaking even” as advertisers have started to come back. He made the comments in an interview with the BBC which was […]
Shoppers put cost of living fears behind them as they splashed out on Mother Day gifts in March, helping to slightly boost retail sales, but damp weather and soaring inflation has left the sector holding out for the King’s coronation in May to see a “larger uptick” in sales. According to data by the British […]
Recession clouds are receding from the UK jobs market as companies gradually regain confidence about hiring workers following a batch of better than expected economic data since the turn of the year, new figures out today reveal. Firms are dipping their toes back in the recruitment market, lured by household spending holding up better than […]
A fish and chip shop owner has served up his last scrapings more than 60 years after the business opened its doors. Dennis Jackson, a staple part of the community in Ilkeston, Derbyshire, since 1961, said the cost-of-living crisis was partly to blame. The 84-year-old hung up his apron for the final time when his […]
The boss of one of the UK’s largest business groups has been fired after an investigation into complaints about his conduct at work. Tony Danker will leave the CBI with immediate effect and be replaced by Rain Newton-Smith. It follows allegations over Mr Danker’s conduct involving a female employee. Three other CBI employees have also […]