The Confederation of British Industry, one of the UK’s largest business lobby groups, has shelved plans for a tie-up with manufacturing body Make UK, telling members it was “confident” an alternative emergency cash rescue would be found. A call with the CBI president, Brian McBride, and its director general, Rain Newton-Smith, on Wednesday replaced its […]
Sunak declared that he was entering a new phase of his premiership, and that after a year bringing “stability and competence ” into government, he now wanted “to change the direction of the country and build a better future for our children” Now, the first year I’ve had this job, I’ve brought stability and competence […]
In a snap poll commissioned by Business Matters a significant 68% of surveyed SMEs in the UK expressed disagreement with Prime Minister Rishi Sunak’s alteration of the country’s net zero policy. The research highlighted a growing demand for stability from the government. The change of stance from the Prime Minister has sparked robust debate. The […]
Rishi Sunak has outlined a series of measures to water down the government’s climate change commitments claiming that politicians had not been “honest with the public” about the cost of net zero. In a press conference in Downing Street he said that the present approach would “impose unacceptable costs on hard-pressed British families” and risked […]
Delaying a ban on sales of new petrol and diesel cars could put drivers off switching to electric, the boss of the UK’s motoring industry body has warned. Ministers are understood to be considering pushing back a planned ban from 2030 to 2035. Mike Hawes, of the Society of Motor Manufactures and Traders, said the […]
Mike Ashley’s Frasers Group is in talks to sell its Missguided clothing brand to online fashion giant Shein. Talks about a deal, which were first reported by Sky News, come only a year after Frasers took over the brand. Frasers Group bought Missguided for £20m last year after the online fashion retailer collapsed into administration. […]
The UK Government has today announced that every Postmaster who was wrongfully convicted and has had their conviction overturned as it was reliant on Horizon evidence will be offered an optional sum of up to £600,000 in compensation. All reasonable legal fees will continue to be covered and any Postmaster who does not want to […]
Sir Keir Starmer has said he will seek a “much better” Brexit deal with the EU if Labour wins the next general election. The opposition leader told the Financial Times that the current deal, which is due for review in 2025, is “too thin”. Sir Keir was speaking at a conference of centre-left leaders in […]
The boss of Frasers Group, Michael Murray, has described the business rates regime as a “disaster” and urged the government for an immediate overhaul of the system. Murray, the son-in-law of Mike Ashley, who founded the retail powerhouse, told The Gentleman Journal’s podcast that most of the company’s rent bills are now equal to the […]
TikTok has been fined 345 million euro (£296 million) by Ireland’s data watchdog following an investigation into how the social media platform processed children’s data. The fine was imposed on TikTok Technology Limited (TTL) by the Data Protection Commission (DPC) after the probe into how certain privacy settings and features complied with obligations under the EU’s General Data […]