Jonathan Reynolds has been named the UK’s new Business Minister following Labour’s victory in the General Election. With the Labour Party’s ambitious pre-election promises to support small businesses, all eyes are now on Reynolds to deliver on these commitments and drive economic growth. This appointment comes amid growing anticipation and expectations from various business groups, […]
Will Labour’s manifesto have the positive effect that business owners desperately need? It’s the day that many people have been waiting for, after a 14 year Conservative rule in government the British public have voted and Labour has won by a landslide. But how will this impact SMEs? I set out to find out the […]
With Sir Keir Starmer leading Labour into Downing Street after a landslide victory, businesses are poised to navigate a new political landscape. The honeymoon period might be short-lived, however, as Labour inherits deep-seated economic issues and faces immediate industrial crises. Thames Water Labour’s previous commitment to renationalising the water industry, a sector in dire need […]
Jeremy Hunt has narrowly retained his seat in Surrey, defying predictions that he would become the first chancellor in history to lose his seat in a general election. In a closely fought contest, Hunt won by just 891 votes, a stark contrast to earlier exit polls that had given him only a 19% chance of […]
Jessops, the iconic 89-year-old camera retailer owned by Dragons’ Den star Peter Jones, is on the brink of closure after HM Revenue & Customs (HMRC) issued a winding-up petition due to unpaid taxes. This development marks a critical juncture for the struggling retailer, which has entered administration three times in the past four years. If […]
The UK car market has reached a significant milestone, with new car registrations surpassing one million in the first half of 2024, the first time this has happened since before the pandemic in 2019. This resurgence includes a notable rise in the market share of electric vehicles. However, sales of plug-in hybrids and petrol hybrids […]
Sustainable Ventures, Europe’s leading climate tech hub, has committed nearly a quarter (23%) of its investments to entirely female founders, a figure 12 times higher than the global industry average of 1.8% for female-founded teams in Europe in 2023. This significant milestone was disclosed as Sustainable Ventures celebrated its 50th investment. Notably, two-thirds (65%) of […]
Pressure on household finances has eased as shop price inflation slows to 0.2% and petrol costs drop for the second consecutive month Britain’s next government is set to benefit from reduced pressure on household finances following a slowdown in shop inflation and a drop in fuel prices. However, many families still find costs “too expensive.” […]
Northvolt, Europe’s leading battery maker, is contemplating scaling back its ambitious expansion plans following significant setbacks at its gigafactory in Sweden. The company has launched a strategic review which may delay new factory projects in Canada, Germany, and Sweden. The Swedish company, which aims to reduce European dependency on Chinese battery supplies, has faced a […]
Unions, politicians, and business leaders in Northern Ireland are expressing significant concerns over the economic impact following major developments with two of the region’s leading employers. Airbus has agreed to acquire parts of Spirit AeroSystems’ operations in Belfast, a move that has stirred fears regarding job security for many employees. This transition is part of […]