The rate at which food prices are rising has continued to slow but stubbornly high grocery prices mean the cost of the weekly shop is now as big a concern as energy bills, according to research. Food inflation fell from 13.4% in the year to July to 11.5% in August, according to data published on […]
A government financing guarantee helps award-winning metal recycling and waste management specialist Ward supercharge its export growth and achieve its highest annual turnover yet. With the UK generating over 222 million tonnes of waste each year, recycling and waste management are booming sectors. They also export to a growing international market, helping this country manage […]
The business experts at Forbes Advisor have conducted an analysis of the most recent UK business demography statistics report from the Office for National Statistics. Findings indicate a significant decline in the number of businesses added to the Inter-Departmental Business Register (IDBR) in Quarter 2 (Apr to June) 2023, compared to the same period in […]
The UK economy is on course to shrink between July and September and could tip into recession, a closely-watched survey suggests. The S&P Global/CIPS UK Purchasing Managers’ Index (PMI) found that rising interest rates and weaker household spending led to a sharp drop in demand for goods and services in August. The index looks at […]
The boss of the Post Office will return all of his bonus payment for his work on the Horizon inquiry into hundreds of wrongfully convicted postmasters. Nick Read apologised for “procedural and governance mistakes made” in the firm between 2000 and 2014. Around 700 Post Office workers were wrongfully convicted, and some sent to prison, […]
The majority of Wilko stores are expected to shut with the loss of thousands of jobs after a white knight failed to step forward to rescue the collapsed retailer. The family-owned household and garden products retailer, which has about 400 stores and employs almost 12,500 people, will leave big gaps on high streets after the […]
Nigel Farage branded Dame Alison Rose’s NatWest exit an “absolute disgrace”, after it emerged she could be set to receive a pay package worth more than £2.4million. The bank revealed on Wednesday that Rose was seeing out her 12-month notice period on her contract, one month after she resigned as chief executive. She is due […]
Workers at the Civil Aviation Authority (CAA) have voted overwhelmingly in favour of industrial action in a dispute over pay. Members of the Prospect union backed strikes by 2-1 and by almost 9-1 for other forms of industrial action. The union said the CAA had refused to provide a “fair” pay rise for this year. […]
The UK’s private sector recorded its worst month since the start of 2021 in August after a surprise downturn hit the services sector, increasing concerns about the risk of recession. A closely watched survey of UK business output showed a contraction in August, defying economists’ expectation of modest growth after six consecutive months of expansion. […]
Licensing rules should be changed to allow pubs to serve alcohol outside their usual hours during “national moments”, the leading UK pub industry body has said, after restrictions limited sales during Sunday’s Women’s World Cup final. Early indications show trading was up by between 14% and 28% during the Lionesses’ defeat to Spain, the British […]