<?xml encoding=”utf-8″ ??> Rishi Sunak has announced a shake-up of his top team — splitting up the business department and merging it into four new departments. In a bid to focus on his priorities, Sunak has created a new Department of Science, Innovation and Technology that will be led by Michelle Donelan, the culture secretary. […]Read More

<?xml encoding=”utf-8″ ??> Biography-writing service StoryTerrace has announced a unique partnership with UKTV in a £1 million ‘airtime-for-equity’ deal. The deal will see StoryTerrace launch its first television advertising campaign, benefitting from access to an audience of over 26 million viewers a month, and in return, UKTV will gain an equity stake in the business. This […]Read More

<?xml encoding=”utf-8″ ??> New research has revealed the damaging effect that strikes are having on the sector, with 14% of SME owners saying they have negatively impacted their business. Four in ten say the strikes make it hard to plan in advance, while a fifth say they’ve had less customers during strike days. A tenth […]Read More

<?xml encoding=”utf-8″ ??> Exporting requires a very specific headspace to deal with the vast amount of logistics. Fortunately for the UK we have businesses who not only survive on this skill, but thrive on it. Crossing borders and creating brilliant points of trade and jobs in other countries to enable their communities to thrive too, […]Read More

<?xml encoding=”utf-8″ ??> British energy company has BP reported record annual earnings amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia’s invasion of Ukraine. The London-based company said underlying replacement cost profit, which excludes one-time items and fluctuations in the […]Read More

<?xml encoding=”utf-8″ ??> A senior Bank of England policymaker has warned the central bank could be forced to keep raising interest rates to prevent high levels of inflation from becoming entrenched in the economy. Catherine Mann, an independent economist on the Bank’s rate-setting monetary policy committee (MPC), said there were “material upside risks” to inflation […]Read More

<?xml encoding=”utf-8″ ??> The Bank of England and Treasury are exploring launching a digital pound in a move that officials claim would firm up financial stability in Britain. “No decision has been taken at this stage,” the pair’s experts said yesterday, but added that what some are dubbing ‘Britcoin’ is “likely to be needed in […]Read More

<?xml encoding=”utf-8″ ??> High energy costs and an eroding automotive supply chain in Britain are making Nissan Sunderland, the country’s largest car plant, uncompetitive, the carmaker has admitted. Speaking at the formal unveiling of a reborn alliance between the Japanese company and its longstanding partner, Renault, the French carmaker, executives at Nissan said the Sunderland […]Read More

<?xml encoding=”utf-8″ ??> Google is set to unveil its rival to ChatGPT as the battle for the future of internet search comes to a head. Bard is a conversational artificial intelligence (AI) service similar to ChatGPT that “can be an outlet for creativity and a launchpad for curiosity”, Sundar Pichai, Google’s chief executive, said. He […]Read More

<?xml encoding=”utf-8″ ??> Rishi Sunak is poised to mount a mini-reshuffle as he appoints a Conservative Party chairman. The prime minister is expected to confirm Nadhim Zahawi’s successor tomorrow after the former chairman was sacked over his tax affairs. Dominic Raab, the deputy prime minister and justice secretary, is to remain in his role pending […]Read More