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.

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.

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.

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.

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.

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.

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 Mission and Agile Nanosatellite for Terrestrial Imagery Services (MANTIS) satellite, which received funding today will help energy and mining businesses identify new resources.

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.

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.

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.