A new report by MPs on the Business, Energy and Industrial Strategy Committee has called on the Government to push forward with a draft Digital Markets Bill that would allow regulators to take a more proactive approach to curbing big tech dominance. The bill would enshrine the Competition and Markets Authority’s (CMA) Digital Markets Unit (DMU) […]
The Business Banking Resolution Service (BBRS) has successfully obtained Complaint Handler membership of the Ombudsman Association (OA). The BBRS is a not-for-profit, free, dispute resolution service for SMEs who have claims against their banks. Its membership of the OA was awarded following a review of the service covering areas such as independence, accessibility, openness, transparency […]
Apple has hiked its prices for its music and TV services for the first time ever this week, perhaps signalling things to come for its biggest streaming rivals. The tech giant said it would be increasing the price of Apple Music globally by $1 to $10.99, and breaking away from the standard ‘9.99’ price level […]
A top Brewer has said the average cost of a pint could cost reach £7 due to the cost of living. Scottish beer-maker Brewgooder’s chief executive Alan Mahon said the cost of raw ingredients were reaching “eye-watering” levels, pushing up the cost of a cold brew. Mahon said C02 was now costing 3,000 per cent […]
The information commissioner has warned companies to steer clear of “emotional analysis” technologies or face fines, because of the “pseudoscientific” nature of the field. It’s the first time the regulator has issued a blanket warning on the ineffectiveness of a new technology, said Stephen Bonner, the deputy commissioner, but one that is justified by the […]
Britain’s hotels, restaurants and bars had high hopes that Liz Truss might act as prime minister to address crushing cost rises as they emerged from the Covid pandemic. Her business energy support package offered some respite, but the economic chaos and mortgage payment rises triggered by the shortest premiership in British history have further hit […]
Stenn, the leading digital financing platform for global SMEs, has now deployed capital to the tune of $10 billion, helping businesses fulfil their ambitions by accelerating cashflows and facilitating growth. This milestone reflects the rapid growth of Stenn’s digital solution since the company was founded and highlights the ongoing challenge that SMEs face in finding […]
The number of low-deposit 95% mortgages on sale has fallen by more than half since last month’s scrapped mini-budget, stoking fears that financial uncertainty could lead some banks to scrap the deals that are often the only way first-time buyers with small deposits can own a home. Data from Moneyfacts shows that the number of […]
Britain is winning back credibility in the gilt markets but this still needs to be followed through with stable policymaking, a senior Bank of England rate-setter has said. The fall in benchmark gilt yields after a series of policy changes — intended to regain market confidence after the government’s mini-budget last month — was a […]
Rishi Sunak warned Conservative MPs to “unite or die” as he became the party’s third leader in two months. Sunak, 42, will be appointed the youngest prime minister for more than 200 years by the King today. He will be the first British Asian prime minister and has had the fastest rise from entering the […]