Senior Lloyds bankers could lose part of their bonuses for failing to meet a two-day office attendance rule, as employers across the UK tighten remote working policies.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
PM pledges loyalty to Reeves as Labour vote share plummets and Reform gains ground
Rachel Reeves faces mounting pressure as the cost of borrowing soars and Labour’s poll rating collapses, with Reform UK edging within a point of Labour. Despite speculation, Sir Keir Starmer pledges she will remain chancellor until 2029.
Charlie Mullins to answer Farage’s call: Pimlico Plumbers founder poised for Reform UK MP bid
Charlie Mullins, former Pimlico Plumbers boss, backs Reform UK after leaving Britain over tax hikes by the new Labour government, with Nigel Farage urging him to run for office.
Supermarket giant Morrisons backs farmers as inheritance tax row lands blow to Starmer
Morrisons publicly supports farmers in a standoff with Sir Keir Starmer’s Government over planned inheritance tax changes on farmland. Protests loom amid fears smaller family farms could be forced to sell land or face crippling tax bills.
Starmer sets out new AI action plan to cement Britain’s global tech dominance
Keir Starmer launches the “AI Opportunities Action Plan” to position Britain as a global AI leader, pledging flexible regulations, major investments, and 13,000 new tech jobs.
Uncertain future for over 2,700 Belfast aerospace jobs as takeover stalls
Fears rise over 2,700 jobs at Spirit Aerosystems’ Belfast factory amid a stalled takeover by Boeing and a partial buyout by Airbus, leaving the future of Northern Ireland’s largest private employer hanging in the balance.
Sterling faces fresh sell-off as soaring borrowing costs could mean Reeves is on borrowed time
Traders are increasingly betting on a significant drop in the pound as concerns mount over the Chancellor Rachel Reeves’s ability to stick to her fiscal targets following a sharp rise in borrowing costs.
JCB postpones 500-job hiring spree as chancellor’s tax hike rattles business confidence
British manufacturing giant JCB has backtracked on plans to convert 500 agency staff to permanent positions, citing “challenging market conditions” in the wake of Chancellor Rachel Reeves’s recent tax-raising Budget.
UK SMEs urged to enter Government Export Awards as new categories are added
The Department for Business and Trade (DBT) is once again inviting small and medium-sized enterprises (SMEs) from across the country to compete in its Made in the UK, Sold to the World Awards, with entries open until 9 March.
Bank of England’s plans for Leeds hub stall as only 156 staff show relocation interest
Only 156 Bank of England employees have shown interest in relocating to Leeds, raising questions about how Britain’s central bank will meet its target of 500 staff in the city by 2027.
UK chemicals industry ‘heading for extinction’ warns Jim Ratcliffe
Ineos boss Jim Ratcliffe blames high energy costs and carbon taxes for the closure of his synthetic ethanol plant at Grangemouth, warning that UK chemicals are at risk.
Rachel Reeves’ China visit restores crucial links with world’s second-largest economy
Agreements worth £600 million, potentially adding £1 billion in value to the UK economy, have been secured following Chancellor Rachel Reeves’ trip to Beijing.
Rachel Reeves weighs a ‘hotel tax’ as treasury battles to fill funding gap
Rachel Reeves is considering a UK-wide ‘hotel tax’ amid surging borrowing costs and pressure to protect her fiscal rules, sparking industry backlash.
Chancellor heads to China in search of growth amid surging borrowing costs
Chancellor Rachel Reeves eyes economic opportunities in China while sticking to her strict borrowing limits, as the UK faces rising bond yields and mortgage uncertainties.
Dragons’ Den star Sara Davies retakes Crafter’s Companion reins amid pre-pack rescue
Sara Davies, Dragons’ Den entrepreneur, returns as CEO of Crafter’s Companion through a pre-pack insolvency deal, aiming to save 100 jobs and refocus on core paper crafts.