Over 17,000 shops across the UK could face closure in the next decade unless the Labour government takes urgent action to reform the business rates system, according to warnings from Simon Roberts, CEO of Sainsbury’s, and Paddy Lillis, General Secretary of the Union of Shop, Distributive and Allied Workers (Usdaw).Continue Reading
Catherine Mann, a rate setter at the Bank of England, has said the UK should not be “seduced” into thinking inflation will stay low over the coming year. Ms Mann, an external member of the Bank’s Monetary Policy Committee (MPC), said she is concerned that inflation could rise again soon,Continue Reading
HM Revenue & Customs (HMRC) has conceded that it is unlikely to recover more than £19 billion in unpaid taxes, as the department grapples with a significant rise in uncollected tax debt and a dramatic increase in customer service failures. According to HMRC’s latest annual report, the total amount ofContinue Reading
Gather, the investment app backed by Arsenal footballer Jorginho, has collapsed into administration after failing to repay a government pandemic loan, leading to significant expected losses for taxpayers. The app, designed to democratise access to funds from major asset managers like BlackRock, was launched by Gather International in 2019. DespiteContinue Reading
Who could imagine that a product launched in a local environment a few years ago could compete for an award at the SBC Awards 2024 with other world-renowned iGaming brands? Believe it or not, the Nostrabet Tipsters League, presented by its owner Websa Ltd, is among the shortlisted nominees forContinue Reading
Hedge funds have a strong historical record of outperformance when it comes to navigating the volatility of high interest and high inflation rate environments, but as a long-awaited Federal Reserve monetary policy switch looms, are institutions sufficiently prepared to navigate interest rate cuts? Recent weeks have seen hedge funds makeContinue Reading
In a significant policy shift, the UK government has cancelled £1.3 billion in funding earmarked for artificial intelligence (AI) and technology research and development, as part of broader efforts to stabilise the economy. The funding, initially promised by the previous Conservative government, was intended to bolster the UK’s position asContinue Reading
Business and Trade Secretary Jonathan Reynolds has said he is “not worried” about the potential effect of days of rioting on foreign investment in the UK as the Government seeks to secure economic growth. As disorder intensified in the UK earlier this week, Chancellor Rachel Reeves was courting global investorsContinue Reading
The Prince’s Trust has teamed up with medical imaging IT and cybersecurity firm Sectra to launch a new initiative aimed at widening access to technology careers for young people from diverse backgrounds. The programme, titled ‘Get into IT and Administration’, was introduced in Belfast over the summer and focuses onContinue Reading
Council leaders have said they hope impending strikes by waste and recycling workers across much of Scotland will be called off after an “improved” pay offer was made. The offer came after a special meeting of Cosla on Friday where it was agreed that “additional funding” found by Scottish ministersContinue Reading
