Peterborough has emerged as the top city in Britain for small business employment, according to new research from iwoca, one of Europe’s largest small business lenders. The study, titled ‘Top 25 Towns & Cities for SME Jobs,’ uses data from the Office for National Statistics (ONS) to rank areas based on factors such as average […]
New data from the Business Barometer report, published by The Open University in partnership with the British Chambers of Commerce, indicates that nearly two-thirds (62%) of UK organisations continue to report significant skills shortages. Although there has been a modest improvement from last year’s 73%, the skills gap remains a prevalent issue across all sectors […]
A significant technological breakthrough in electric car batteries could ease the range anxiety that has hindered the wider adoption of electric vehicles (EVs). TDK, a company historically known for its cassette tapes, has developed a solid-state battery with an energy density 100 times that of its previous models. Initially, TDK plans to produce these batteries […]
Traditionally, the go-to venue for work get-togethers has been the local pub. However, this staple of British work culture is now under threat as employers adapt to the changing attitudes of a new generation of workers. “Younger employees with healthier lifestyles don’t see it as a rite of passage to go out and get absolutely […]
Crown Prince Mohammed bin Salman is enticing British lawyers to Saudi Arabia’s megaprojects with luxurious benefits, including free housing and private school fees for their children. These perks are part of a broader strategy to attract top talent to help realise the Crown Prince’s Vision 2030 economic transformation plan. State-owned companies in Saudi Arabia, such […]
Tesco, the UK’s largest retailer, has reported a notable increase in shopper confidence, reflected in “strong” sales growth over the past three months. The supermarket giant saw a near 5% rise in UK sales, with shoppers purchasing more items and switching to Tesco from competitors. The increase in sales was particularly evident in Tesco’s premium […]
The UK’s tax authority, HM Revenue and Customs (HMRC), has not fined a single “enabler” of offshore tax evasion in the past five years, despite possessing landmark powers to impose substantial fines. This revelation raises concerns about the efficacy of the measures introduced to tackle tax evasion. In 2017, new laws were introduced allowing HMRC […]
Radical changes to the UK welfare system implemented by the Conservatives over the past decade have disproportionately benefited pensioners and individuals on disability benefits, while working-age families face significant financial losses, according to a recent report by the Resolution Foundation. The report highlights that the Conservative Party’s 14-year overhaul of social security has redirected spending […]
Recent findings reveal that 2.4 million UK business leaders could fall behind in the AI revolution, posing a substantial economic risk to the country. Data published by Be the Business, the UK’s small business productivity experts, indicates that over half of SMEs are not utilising AI in their operations. Nearly half of these businesses have […]
The Institute of Directors (IoD) has launched a new code of conduct aimed at promoting ethical behaviour among business leaders, in an effort to restore public trust following several high-profile corporate scandals. Referred to as the “bosses’ union,” the IoD has created this guidance to help rebuild the reputation of business and instil ethical practices […]