Business Live - UK Business news, analysis & Thought Leadership
The Bank of England's latest interest rate decision is a sign of things to come The Bank of England's decision to cut its benchmark interest rate for a second time came as a surprise to many, but the central bank has been paving the way for the move for several months now. Former JP Morgan man leads acquisition of £3.5m stake in Atom Bank.
Cinemas in crisis: Tax changes could lead to venue closures across …
1 day ago · The UK cinema industry has issued a warning that the increased taxes on employees' wages, as announced in the Budget, could be the last straw for some venues in this key cultural sector.. Chancellor Rachel Reeves raised the amount employers have to contribute in National Insurance Contributions (NICs) by 1.2 per cent and reduced the wage threshold at which employers must start paying the tax ...
UK economy grinds to a halt as growth flatlines in latest quarter
3 days ago · Business groups attribute this to the uncertainty leading up to last month's Budget. The Office for National Statistics (ONS) reported a 0.1% growth in the economy for the third quarter, following a contraction of 0.1% in September. Economists had predicted an expansion of 0.2% for both the quarterly and monthly figures, as reported by City AM.
UK economic growth slows in September - Business Live
3 days ago · More info. UK economic growth slowed between July and September relative to the previous quarter, according to official data, in a blow to Chancellor Rachel Reeves. The economy grew by 0.1% over the period, versus 0.5% growth between April and June, the Office for National Statistics (ONS) said.
Northern firms reignite investment plans though labour shortages …
5 days ago · More than half of businesses across the north of England are set to boost investment in the next 12 months, a new research suggests. Businesses were asked for their opinion as part of the newly launched Barclays Business Prosperity Index, and 56% of firms across the North East, North West and Yorkshire & Humber said they would increase spending ...
North East economy seeing 'fastest rise in new business in three …
6 days ago · More info. North East companies are seeing their fastest rise in new business for more than three years, an influential survey suggests. The latest NatWest Growth Tracker found that companies in the region were seeing strong order books and an easing of cost pressures, with the region now reporting eight consecutive months of growth.
SSE profit rockets as boss prepares to stand down after more than …
5 days ago · London-based energy titan SSE reported a significant surge in pretax profit, with CEO Alistair Phillips-Davies announcing his departure next year after over 11 years of leadership. SSE's adjusted pretax profit for the six months to September saw a 26 per cent increase, rising to £714.5m from £565 ...
BBC's West Midlands investment 'to bring £282m' to the region
6 days ago · A new report forecasts that its commitment to the West Midlands will bring an additional £282 million in gross value added to the region in the decade to 2031. This represents an increase of 44 per cent on what otherwise would have been the case. The independent study done by BOP Consulting, in partnership with City-REDI at University of ...
Live updates as Chancellor Rachel Reeves delivers Budget 2024
Oct 30, 2024 · A1 dualling plans scrapped. There has been hope from campaigners for decades that the A1 would be dualled up to the Scottish border. But after decades of setbacks and broken promises, residents living north of Morpeth are still waiting for a firm answer on whether the work will ever actually be given the green light as successive Governments have failed to deliver.
West Midlands - Business news, local news, expert opinion
West Midlands. The latest business news from the West Midlands covering Birmingham, Black Country, Coventry, Solihull, Staffordshire, Stoke-on-Trent and Warwickshire. The region's biggest employers include Aston Martin, bet365, Birmingham Airport, Jaguar Land Rover, JCB, HS2, HSBC UK, NEC Group and Portmeirion.