A former executive at Standard Chartered has been named the new chief executive of the government’s under-fire British Business Bank (BBB). Louis Taylor will be the permanent successor to Keith Morgan, who resigned in 2020. Mr Taylor is the current chief executive of UK Export Finance, the government’s export credit agency. Before joining UK Export […]
The UK will not join the EU in making USB-C charging ports mandatory on all phones and other electronic devices, the government has confirmed. The EU’s rule, announced in Strasbourg on Tuesday, means Apple will have to change the charging port on its devices in all 27 EU countries by 2024. Apple will have to start […]
The crisis threatening Britain’s railways this summer has deepened after train drivers voted to join the biggest rail strikes in a generation. A union leader warned of a “summer of discontent” as drivers on three lines backed industrial action, with the strike ballots expected to spread. The railway walkout, the largest since 1989, will coincide […]
The cost of filling a typical family car with petrol has exceeded an average of £100 for the first time. A litre of petrol cost an average of 182.3p on Wednesday, a jump of 3.8p a litre on the cost at the start of the week, according to Experian Catalist, the data analytics company. The […]
National rail strikes will have a devastating impact on the theatre, live music and hospitality industries recovering from the Covid pandemic, trade bodies have warned. Thousands of workers are set to walk out on 21, 23 and 25 June after talks over pay and redundancies failed. The RMT Union said the action will shut down […]
More talks will be held this week between unions and rail industry leaders in an attempt to avoid a week of national strikes that will shut down much of Britain’s rail network in late June. Passengers whose journeys were affected would receive refunds for tickets they had bought, the Rail Delivery Group, which represents train […]
MPs have called on the UK government to cut the burden on UK taxpayers after new figures showed working people spent a higher proportion of their incomes on taxes than at any other point since the early-1960s. The calls come after the Adam Smith Institute (ASI) published new figures, for Tax Freedom Day, showing UK […]
The EU has agreed that companies will face mandatory quotas to ensure women have at least 40% of seats on corporate boards. After 10 years of stalemate over the proposals, EU lawmakers hailed a “landmark” deal for gender equality. As well as the legally binding target, companies could also be fined for failing to recruit […]
More than two in five recent buy now, pay later (BNPL) shoppers relied on credit cards or other forms of borrowing to pay off what they owed, the charity Citizens Advice has said. It said the figures showed that shoppers are “piling borrowing on top of borrowing” and underlined the urgent need for BNPL to […]
Good Business Pays is spearheading an alliance involving the Small Business Commissioner and leaders from the UK’s biggest business groups including the Federation of Small Businesses, CBI, and BCC to stop slow payments from harming small businesses once and for all. Launched today, the “Wait Off” campaign is backed by 16 of the UK’s most […]