Leeds Building Society, a prominent UK lender, has embarked on a trial initiative to suspend new holiday-let mortgages in select popular tourist destinations, aiming to address concerns raised by campaigners regarding housing availability in affected areas. The move comes in response to mounting pressure regarding the proliferation of short-term holiday lets, which critics argue have […]
Nationwide Building Society, a stalwart of the UK financial landscape, has unveiled plans for a significant restructuring effort, putting over 300 jobs at risk in its latest round of cuts within the past year. This move underscores the lender’s ongoing commitment to align its operations with evolving customer needs while streamlining internal processes. According to […]
Great news for households in Great Britain as the energy price cap is set to decrease to £1,690 starting from April, marking its lowest level in two years. This reduction of £238 comes as a relief for millions of households, attributed to a combination of factors including a mild winter and decreased gas prices, according […]
Sir Jim Ratcliffe, the billionaire behind Ineos, is making strides in sustainability with the launch of the all-electric version of the Ineos Grenadier 4×4, named the Fusilier. The Fusilier stands as the third vehicle in Ineos Automotive’s lineup and is the first to offer zero emissions, reflecting a commitment to environmental responsibility. With a range […]
Paula Vennells, the former chief executive of the Post Office, has officially been stripped of her Commander of the Order of the British Empire (CBE) title by the King, following accusations of “bringing the honours system into disrepute”. Ms. Vennells, who was honored with the CBE in 2019, faced widespread criticism in the aftermath of […]
Serco, a prominent outsourcing company, has been directed to halt the use of facial recognition technology in monitoring its employees after the Information Commissioner’s Office (ICO) found the practice to violate privacy rights. The ICO’s investigation revealed that Serco Leisure, along with community leisure trusts under its purview, had been unlawfully processing biometric data from […]
In a clash of titans within the chocolate industry, Tony’s Chocolonely finds itself embroiled in a legal dispute with Milka, one of Europe’s leading chocolate manufacturers. The contention arises from Tony’s recent marketing campaign, which Milka alleges infringes upon its intellectual property rights. Tony’s Chocolonely, renowned for its ethical stance and commitment to combating child […]
The landscape of job recruitment has shifted, with companies no longer offering substantial pay increases as incentives for job changes, according to Hays, one of Britain’s largest recruiters. While significant pay raises of 20% to lure talent were once commonplace, the current environment sees more modest increases of around 5% for job changers. James Hilton, […]
The collapse of the Britishvolt battery factory project has left administrators still seeking payment from the Australian buyer, Recharge Industries, for the site in Cambois, Northumberland. Despite the agreement made a year ago, Recharge Industries remains in default, prompting administrators to explore alternative deals for the site. Northumberland county council has earmarked £15 million to […]
Vauxhall’s parent company, Stellantis, has announced plans to commence electric vehicle production at its Luton factory, securing the long-term future of the plant and 1,500 jobs. The decision follows concerns about Brexit-related challenges faced by the factory in the previous year. Production of the medium-sized Vivaro Electric van is set to begin before the summer […]