The Bank of England is leaving “all options on the table” including a bigger 50 basis-point interest rate rise to tackle 40-year high inflation, central bank governor Andrew Bailey has warned. Bailey told an audience of global central bankers that rate-setters would leave the door open to more aggressive monetary tightening, despite the gradual pace […]Read More

Students with top A-level grades will be turned away from universities under the most competitive admissions process in living memory, an expert will say today. Lee Elliot Major, professor of social mobility at Exeter University, believes this year will mark the start of a “new tougher era” in the battle for places and warned that […]Read More

Tesco is facing shortages of Heinz baked beans, ketchup and salad cream after a fallout with the US brand over price increases. Heinz has paused supplies of a range of key products over the row, which has already left shelves empty in some stores and items out of stock on Tesco’s website. A Tesco […]Read More

Tariffs on steel imports from China and other countries are to be extended for another two years, the UK government has announced, admitting the move risks breaching World Trade Organization (WTO) rules. Anne-Marie Trevelyan, the international trade secretary, said the government was acting in the “public interest” and to protect “thousands” of jobs. She said […]Read More

Royal Mail managers have voted to strike in a dispute over job cuts and a redeployment programme to bring in “worsening terms and conditions”. Members belonging to the Unite union in Great Britain backed walkouts by 86% and by 89% in Northern Ireland in the dispute, which involves about 2,400 managers across more than 1,000 […]Read More

Could Paddington soon switch his beloved marmalade for specially crafted Fynbos honey straight from South African shores? He could well do so, now that the Cape Trade Portal is on offer. The ‘matchmaking tool’ connects UK buyers with local Western Cape exporters via a virtual hub, which boasts over 1 600 proudly Cape-based products and services. […]Read More

In the 1960s bingo was one of the most popular past times in the UK, enjoyed by an estimated 16 million players up and down the length of the country. Over the decades though, the popularity of the game began to wane. Until, in the mid-noughties, it appeared as though the game was on the […]Read More

BEIS has raised alarm bells over a key report on Government’s progress to net zero, deeming it “dire”, and “catastrophic for the country and the planet” if not acted on. The independent Climate Change Committee (CCC)’s latest report revealed that Downing Street’s current strategy will not reach net zero carbon emissions over the coming three […]Read More

The founders of LinkedIn and payments giant Stripe are among a group of heavyweight tech entrepreneurs to back a $158m funding round for scale-up investor Entrepreneur First, the firm revealed today. London-based Entrepreneur First (EF), which looks to nurture and fund early stage tech founder talent, has raised the fresh cash from Stripe co-founders John […]Read More

According to The Open University’s Business Barometer 2022 report, published in partnership with the British Chambers of Commerce, UK organisations are experiencing the knock-on effect of ongoing skills shortages and recruitment challenges, as more than three quarters report seeing reduced output, profitability or growth. The Open University’s annual report which provides a temperature check on […]Read More