The Bank of England has said interest rates could come down “gradually over time” after deciding to keep them unchanged at 5% on Thursday. Economists think the next cut to borrowing costs could come when policymakers next meet in November. Here the PA news agency looks at what the decisionContinue Reading
The Bank of England has said interest rates could be cut “gradually over time” if inflation stays low, after leaving borrowing costs unchanged at 5%. The Bank’s Monetary Policy Committee (MPC) sounded a cautious tone in its decision to keep the UK base rate the same. The MPC last monthContinue Reading
A new campaign is being launched to help more older people start their own businesses. Startup School for Seniors has funding from local authorities across the country to offer an online course aimed at showing how an idea can be turned into a business. Hundreds of people have already registered,Continue Reading
The UK is to host a conference with leading artificial intelligence (AI) developers in Silicon Valley in November to discuss how to tackle the potential risks surrounding the technology. The Government said the talks will focus on how AI firms plan to tackle concerns around the rise of AI, includingContinue Reading
The UK government is set to introduce new measures aimed at tackling late payments by large firms to small businesses, an issue that contributes to the collapse of 50,000 SMEs every year. On average, delayed payments cost small businesses £22,000 annually, according to research from the Department for Business &Continue Reading
Ocado has upped its revenue guidance for the year into double-digit percentage growth after a sharp rise in customers over the summer months. The online retailer said revenue rose 15.5% year on year to £658 million for the quarter ending September 1, while average orders per week rose 14.7% toContinue Reading
The UK operator of TGI Fridays has gone into administration as the hospitality firm scrambles to sell its chain of 87 restaurants across the country. Hostmore said it had appointed joint administrators from Teneo. The company is in the process of trying to sell the UK restaurants to new owners,Continue Reading
The Bank of England is poised to keep interest rates at 5% after sending a “clear message” that it would not move too quickly to cut borrowing costs. Most economists think that rate-setters on the Monetary Policy Committee (MPC) will keep the UK interest rate on hold on Thursday. ThisContinue Reading
Angela Rayner is set to hold another round of talks with trade unions and business leaders as the Government continues its drive to end “exploitative” zero-hours contracts. The Deputy Prime Minister and the Business Secretary, Jonathan Reynolds, will meet general secretaries from Britain’s major trade unions along with figures fromContinue Reading
Historic homeware brand Tupperware has filed for bankruptcy in the United States. The Orlando-based Tupperware Brands Corporation said launching bankruptcy proceedings was the “best path forward” after exploring “numerous strategic options” to stay afloat despite debts of more than $700 million. The business – famous for its airtight storage containersContinue Reading
