An eight-minute hop from Heathrow to central London and a quarter of an hour from Manchester Airport to Leeds. That is the pitch Virgin Atlantic and Joby Aviation put to the business travel market on Wednesday, as the two companies signed a binding, multi-year agreement at the Farnborough International AirshowContinue Reading

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The reforms designed to clean up Britain’s £8 billion research and development tax credit scheme have worked rather too well. More than six in ten businesses carrying out R&D have cut their investment as a direct result, according to new data from the advisory firm RCK Partners, with hiring frozenContinue Reading

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UK inflation fell to its lowest level in more than a year last month, but small business owners should read the number for what it is: a snapshot of a June that has already been overtaken by events. Figures published by the Office for National Statistics on Wednesday showed inflationContinue Reading

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Rolls-Royce has put Britain’s new chancellor on the clock, and the deadline is now. The Derby-based engineering group has told Andy Burnham’s government it needs a decision “as soon as possible” on financial support for its re-entry into the short-haul aircraft engine market, or it will go “elsewhere” to manufactureContinue Reading

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