Twelve new renewable energy projects have won Contracts for Difference - enough to power over seven million homes at record low costs
Data from UK retailers suggests total card spending accounts for about 80% of sales
Credit card spending has overtaken cash for the first time, according to data from UK retailers. This means notes and coins have been demoted to the third most popular method of payment.
Official documents show Ofgem has known for 10 years that new safeguards are needed
The energy industry regulator is to be hauled before a committee of MPs to face questions over its role in last month’s blackout after official documents revealed it has known for a decade that new safeguards are needed.
Bank of England leaves rates on hold but signals that could change in near future
Brexit uncertainty and the slowdown in global growth has weakened the economy and made an interest rate cut more likely, the Bank of England has said.
Data from UK retailers suggests total card spending accounts for about 80% of sales
Credit card spending has overtaken cash for the first time, according to data from UK retailers. This means notes and coins have been demoted to the third most popular method of payment.
Group forecasts 2020 recession just as global economy starts downward trend
A no-deal Brexit will slice almost 3% from Britain’s economic growth over the next three years compared with just 0.6% from the rest of the EU, according to the OECD’s latest health check of the global economy.
The UK and Australia will today (Wednesday 18 September) agree to begin trade negotiations as soon as possible after the UK leaves the EU on 31 October.
International Trade Secretary Liz Truss is in Canberra, Australia, today where she will meet with senior politicians including Trade Minister Simon Birmingham.
Business Secretary Andrea Leadsom responds to the proposed acquisition of UK defence company Cobham plc by Advent International.
On 25 July 2019, Cobham, a UK defence company, announced that it had agreed an arrangement to be taken over by a subsidiary of Advent International, a US private equity firm, in a deal worth approximately £4 billion.
Two restaurateurs from Glasgow have been banned for a total of 17 years after they caused a loss to HMRC of more than £4 million in unpaid taxes.
Sukdev Gill (55) signed a disqualification undertaking for eight years after he did not dispute that over six years, he caused companies he was a director of to conceal VAT resulting in a loss for HMRC of £1.97 million.
UKAEA is to open a £22M fusion energy research facility in Rotherham next year to engage industry in commercial fusion energy development
The facility will see UKAEA working with industrial partners to put the UK in a strong position to commercialise nuclear fusion as a major source of low-carbon electricity in the years ahead.
Liverpool-based supercar manufacturer Briggs Automotive Company (BAC) secures new export wins to Hong Kong and the United States.
Small businesses can apply for loans of up to £1 million to help them turn their game-changing ideas into new products, processes or services.
Smaller companies often struggle to convert their game-changing ideas into commercially available products and services because of the costs of scaling up production and the difficulty in gaining finance.
People booking hotels online can now do so with more confidence following a CMA probe of the sector.
Treasury Minister visits Tees Valley to promote regional growth
The Exchequer Secretary, Simon Clarke MP, visits Tees Valley today (13 September 2019) to explore how the Treasury can ensure towns and cities across the country enjoy the opportunities ahead as the UK leaves the EU.
The Midlands Engine received a major boost today as Local Government Secretary announced the government’s commitment to further devolution deals.
The Midlands Engine received a major boost today as Local Government Secretary and Midlands Engine Champion the Rt Hon Robert Jenrick MP announced the government’s commitment to further devolution deals across the region.
The Mission and Agile Nanosatellite for Terrestrial Imagery Services (MANTIS) satellite, which received funding today will help energy and mining businesses identify new resources.
HRH Prince Edward Earl of Wessex lends voice to the ongoing campaign to tackle plastic pollution, honours zero waste champions as Commonwealth Points of Light.
Fewer UK start-ups were established in the between 2017 and 2018, even in areas with promising growth in recent years.
The number of new UK start-up businesses saw a sharp fall last year, with researchers blaming the economic uncertainty caused by Brexit.
Bondholders left carrying losses after attempts to restructure Kevin McCloud investment
A fresh crisis looms for the Grand Designs presenter Kevin McCloud after attempts to restructure property bond investments in his housing empire failed.
Hiring eases in three months to July, showing stress placed on economy by Brexit
Pay growth for workers in Britain has accelerated at the fastest annual rate in more than a decade, despite cracks emerging in the jobs market as employers hold off against hiring new staff ahead of Brexit.
Government urged to step in over crisis that has cost tens of thousands of jobs
Retailers and unions are calling for urgent government action to help struggling high streets as new data shows the number of shops, pubs and restaurants lying empty is rising at the fastest pace in nearly a decade.
Hiring eases in three months to July, showing stress placed on economy by Brexit
The first cracks have begun to emerge in Britain’s resilient labour market as job creation slowed over the summer months, in a sign of the stress facing the UK economy as Brexit looms.
Sajid Javid’s decision means travellers to and from the EU would see prices tumble
Country avoids technical recession – but GDP is stagnant across three-month period
The risks of the UK sliding into its first recession in a decade have receded after a stronger-than-expected and across-the-board 0.3% increase in activity in July.