7 h. ago Labour vows to 'protect' British businesses from unfair foreign competition

The Government is sending out the message that it will stand out for UK companies in the face of unfair tactics by rivals, including possible quotas on cheap Chinese steel

Politics

11 h. ago British Business Bank back in the spotlight with £10bn UK growth mandate

Louis Taylor, CEO of state-owned lender, targets investment in eight key UK sectors as he prepares defence at Covid inquiryLouis Taylor is caught between two eras. The chief executive of the British Business Bank (BBB) has spent much of his tenure attempting to revive the state-owned lender’s image after a battering from the fraud-hit pandemic loan scheme under the last government, and will soon have to defend its actions at the Covid inquiry.But until then, he can focus on the BBB’s gleefully landed fresh £10bn mandate linked to the centrepiece industrial strategy Labour hopes will boost a flagging economy as it nears the end of its first year in power. Continue reading...

Economics

12 h. ago Big British Bank back in the spotlight with £10bn UK growth mandate

Louis Taylor, CEO of state-owned lender, targets investment in eight key UK sectors as he prepares defence at Covid inquiryLouis Taylor is caught between two eras. The chief executive of the British Business Bank (BBB) has spent much of his tenure attempting to revive the state-owned lender’s image after a battering from the fraud-hit pandemic loan scheme under the last government, and will soon have to defend its actions at the Covid inquiry.But until then, he can focus on the BBB’s gleefully landed fresh £10bn mandate linked to the centrepiece industrial strategy Labour hopes will boost a flagging economy as it nears the end of its first year in power. Continue reading...

Economics

40 h. ago Fake millionaire who branded himself the 'Kardashian of Cheshire' and starred on TV show admits defrauding friends and businesses out of £200K with Hermes handbag scam

Jack Watkin, formerly of Wilmslow Road, Alderley Edge, funded his fantasy Instagram influencer lifestyle by scamming friends and family out of more than £200,000.

Economics

41 h. ago Fake millionaire who bragged family were like the British Kardashians admits defrauding his friends and businesses out of £200K with Hermes handbag scam

Jack Watkin, formerly of Wilmslow Road, Alderley Edge, funded his fantasy Instagram influencer lifestyle by scamming friends and family out of more than £200,000.

Economics

44 h. ago Grocery prices rise again to 4.7% more expensive than a year ago

The figure is up from 4.1% last month, which was a rise from 3.8% in April, according to data from analysts Kantar.

Economics

61 h. ago Flight evacuating British nationals from Israel has departed, says Foreign Office – UK politics live

Foreign secretary David Lammy says further flights will follow in the coming daysBy the way, if you actually wanted to read the Modern Industrial Strategy document published by the government today, you can find it here.The government has just pushed out a joint statement from business leaders welcoming it, which says:The Industrial Strategy launched today marks a significant step forward and a valuable opportunity for the business community to rally behind a new vision for the UK – boosting confidence, sentiment, and enthusiasm for investment.From start-ups and small businesses to large corporates, businesses need a more attractive, stable environment that enables faster, easier, and more certain investment decisions.For too long high electricity costs have held back British businesses, as a result of our reliance on gas sold on volatile international markets.As part of our modern industrial strategy we’re unlocking the potential of British industry by slashing industrial electrici...

Politics

62 h. ago British state ‘overbearing’ ministers say as they lay out industrial overhaul

In the Industrial Strategy published on Monday, the Government has backed UK industries it thinks have the potential to grow.

Politics

65 h. ago Revealed: British minimum wage soars to the second highest in Europe as businesses sound alarm over impact on the UK job market

The National Living Wage - which is the minimum for anyone aged 21 and over - increased by 6.7 per cent to £12.21 an hour this April.

Economics

67 h. ago ‘High energy costs have held back businesses’, says Miliband as government announces industrial strategy – UK politics live

Prime minister says 10-year industrial strategy marks ‘turning point for economy’ as energy secretary says government will cut electricity costs for businessesBy the way, if you actually wanted to read the Modern Industrial Strategy document published by the government today, you can find it here.The government has just pushed out a joint statement from business leaders welcoming it, which says:The Industrial Strategy launched today marks a significant step forward and a valuable opportunity for the business community to rally behind a new vision for the UK – boosting confidence, sentiment, and enthusiasm for investment.From start-ups and small businesses to large corporates, businesses need a more attractive, stable environment that enables faster, easier, and more certain investment decisions.For too long high electricity costs have held back British businesses, as a result of our reliance on gas sold on volatile international markets.As part of our modern industrial strategy we’r...

Politics

68 h. ago British Business Bank invests in entrepreneurs in £6.6bn funding commitment

The UK Government’s development bank has revealed the investment plans as part of Sir Keir Starmer’s 10-year industrial strategy announcement.

Economics

69 h. ago Spectris agrees £3.8bn takeover by Advent as KKR mulls rival bid

Advent will pay £37.63 per share for the FTSE 250-listed company, valuing Spectris at £3.8 billion, or around £4.4 billion including debts.

Economics

3 d. ago Energy costs to be cut for industry as Starmer seeks economic ‘turning point’

The Government’s industrial strategy includes measures to ease the ‘crippling’ costs of energy for UK manufacturers.

Economics

5 d. ago Hundreds of jobs at risk as River Island plans store closures

The high street fashion chain is proposing to close 33 of its 230 stores, while it is in talks with landlords over the future of 71 further stores.

Events

6 d. ago Aim boss makes plea to boost market’s appeal after inheritance tax blow

Marcus Stuttard is urging the Government to help boost ‘financial incentives’ for Aim shares and for British pension funds to back UK stocks.

Economics

8 d. ago UK economic growth downgraded due to tariffs and cost hikes – CBI

Rising costs are set to cause ‘weak’ business investment and weigh on the Government’s ambitions to accelerate growth, the business group said.

Economics

8 d. ago Katie Price leads celebrities supporting the downfall of Tattle Life as its creator is finally unmasked and sued over gossip forum posts

British 'business owner' Sebastian Bond, 41, who goes by the alias Bastian Durward, has been confirmed as the secret mastermind behind the online forum.

Politics

8 d. ago Thousands of jobs saved and British Steel plant future secured after £500m Network Rail deal

From a £500m rail deal set to rescue British Steel, to Aviva’s £3.7bn Direct Line takeover, surging fossil fuel finance, job cuts linked to NICs, Gareth Bale’s move into football ownership, and Mizkan’s Manchester expansion - here are today’s top UK business stories.

Economics

9 d. ago Rail deal worth £500m will help save Scunthorpe steelworks, says minister

Transport Secretary Heidi Alexander is visiting the Scunthorpe plant to finalise a major rail steel deal between Network Rail and British Steel.

Economics

1 week ago Tax and labour increases costing average pub £14,000, says industry body

The British Beer and Pub Association urged the Government to reform business rates quickly to help offset recent cost rises.

Economics