Nuclear must form part of a decarbonised portfolio of energy production, argued Grant Shapps, energy and net zero secretary. He said: “If you want to get to net zero and get rid of hydrocarbons, we have to accept that base loads are required somewhere. Nuclear power can and should be part of that.” Shapps told the […]
Overseas bricklayers and carpenters could be able to get work visas more easily in the UK after the government updated its shortage occupation list. The list, which now also includes roofers and plasterers, highlights occupations that employers are struggling to fill. However, hospitality, which has had problems recruiting, was not included. The change on construction […]
Business groups have urged the government to make permanent a new £9 billion-a-year capital allowances scheme designed to stimulate investment. The chancellor yesterday announced a new “full expensing” policy for the next three years under which businesses can deduct 100 per cent of the cost of capital spending for certain plant and machinery against taxable […]
NatWest is limiting the amount of money customers can transfer to cryptocurrency exchanges. From today, customers will be able to transfer a maximum of £1,000 a day to such exchanges, and no more than £5,000 per month. The bank says it is to protect customers from “crypto-criminals” seeking to scam them. Most cryptocurrencies are not […]
The number of companies entering insolvency rose by almost a fifth last month as a result of the cost of living crisis and higher interest rates. Registered company insolvencies increased by 17.5 per cent year-on-year to 1,783 in February, according to figures from the Insolvency Service. Nicky Fisher, vice-president of the restructuring industry body R3, […]
The owner of Facebook and Instagram will cut another 10,000 jobs, months after laying off 11,000 staff, as the technology group prepares for years of economic disruption. Meta Platforms unveiled a fresh wave of redundancies as it battens down the hatches, announcing it would also shut about 5,000 additional vacant roles that it had not […]
The chancellor will promise to provide 30 hours of childcare a week to parents of one and two-year-olds. The announcement is part of a £4bn expansion of free childcare for one- and two-year-olds in England is expected to be announced in the today’s budget as part of a wider drive to help people into work […]
The UK and US will “work through” concerns about Joe Biden’s multibillion-dollar package of green subsidies, Rishi Sunak revealed ahead of talks with the US president today in San Diego. The Prime Minister welcomed the Biden administration’s commitment to tackling climate change, but confirmed the UK had already raised concerns about the measures in the […]
Ahead of the Spring Budget, new data reveals that small to medium sized business (SMEs) have lost confidence in the Government’s commitment to support them. In a survey of SMEs from across the UK, four in five of respondents said they don’t think the government is providing enough support for SMEs. Meanwhile, two thirds are […]
Gary Lineker and BBC management have reached a deal to get the presenter back on air, after the weekend’s disruption to BBC Sport schedules. Director General Tim Davie says: “Gary is a valued part of the BBC and I know how much the BBC means to Gary, and I look forward to him presenting our […]