uk economy news
- Business
Sunak orders plan for windfall tax on electricity generators
Chancellor Rishi Sunak has ordered officials to draw up plans for a possible windfall tax on more than £10bn of…
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Chamber Expo back for Business Week with new format and venue
Chamber Expo, one of the Hull & Humber Chamber of Commerce’s flagship events returns this year with a new one-day…
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Two friends have launched their own business after 12 years working together
Two friends who dreamed of launching their own business have transformed an empty unit in Immingham into a haven for…
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Industry giants back Gloucestershire bid for Nuclear fusion plant
Industry giants including Toshiba, Thales and Renishaw have announced their support in bringing the UK’s first prototype fusion plant to…
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NE1 launches new business group in Newcastle to combat retail crime
Businesses in Newcastle city centre are coming together to form a group that aims to tackle retail crime. A number…
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Rhyl Air Show to bring economic boost after Covid hit the last two events
The Rhyl Air Show is back this summer with the event tipped to bring thousands of people and an economic…
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Contractor that worked on Elizabeth line to lead £60m Stockport project
A company which worked on London’s new Elizabeth line has been appointed as the main contractor for a £60m transformation…
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North East thriving tech sector is showcased to attract more inward investment
North East inward investment experts are confident that more global tech firms will seek to set home in the region,…
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Emirates signs seven-year extension to deal with Lancashire Cricket
Emirates has signed a new seven-year extension to its headline sponsorship deal with Lancashire Cricket. The deal includes naming rights…
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Leeds fintech firm PrinSIX set to tackle exclusion through new platform
A Leeds fintech start-up has launched a new platform aimed at revolutionising the way more vulnerable people in society access…
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Internet provider Telcom Group to relocate city centre HQ
An internet provider is to relocate to new headquarters in Manchester’s Northern Quarter after signing a deal worth around £300,000…
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Renishaw takes on a record number of apprentices.
Renishaw is a firm believer in the value of apprenticeships. Hardly surprising when you realise that this global-spanning, Gloucestershire-based engineering…
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High Street fears mount as B&Q reveals DIY sales slump
F RESH fears for the high street emerged today when Kingfisher reported a slump in sales that could indicate the…
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Huge multi-million-pound future skills institute opens in Cornwall
A huge new state-of-the-art skills institute has opened at Truro and Penwith College in Cornwall. The Future Skills Institute will…
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New future for Newcastle city centre landmark building Cathedral Square
A North East real estate company is set to transform empty space at a prominent office block in Newcastle city…
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B&Q and Screwfix product availability ‘very close to normal levels’
B&Q’s parent company Kingfisher has reported “resilient” trading as product availability improved following recent supply pressures. The London-listed group, which…
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Curado Bar owners to open new Spanish wine retail outlet in Cardiff
Spanish food importer Ultracomida will be opening a warehouse space in Cardiff under its Spanish Wines Direct operation, as part…
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Sisters Denise and Elaine James cleaning up with their waste business
Two sisters behind an East Midlands waste management business say they have had the busiest year in their 21 year…
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Gazprom’s UK energy supply business considers rebrand
Gazprom Energy is examining a rebrand as Britain’s biggest gas supplier to business seeks to distance itself from its Russian…
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Good Energy founder Juliet Davenport to step down from firm’s board
The founder and former chief executive of Good Energy is stepping down from the firm’s leadership after more than 20…
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UK must ‘come clean’ on cost of nuclear to consumers, says infrastructure chief
The British government should “come clean” with consumers over the impact new nuclear plants will have on their energy bills,…
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Book platform Resurgence Novels wins investment from Nova Growth Capital
Investment fund Nova Growth Capital is investing in an online book platform that releases novels chapter by chapter. Nova is…
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Watches of Switzerland plans new HQ after record growth
The Watches of Switzerland Group is planning a new UK headquarters to make more space for its continuing expansion. The…
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UK house prices hit record high as homes remain in short supply
UK house prices hit a new record high in May as a lack of available properties coming onto the market…
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Green investment could help UK levelling-up, says think-tank
Net zero investment has the potential to drive economic growth and help the government with its levelling-up agenda in poorer,…
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Small-business chief in Downing Street talks over late payments
The new chair of the Federation of Small Businesses is in talks with Downing Street over how to tackle the…
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North East firms’ role in £5.6m ageing programme for longer, happier lives
A £5.6m health programme designed to encourage businesses across Newcastle, North Tyneside and Northumberland to support people to lead longer,…
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Jubilee/UK prices: veggie bangers replace liver as inflation marches on
The UK will celebrate the 70th anniversary of Queen Elizabeth II’s accession to the throne with a public holiday in…
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The last metro? Crossrail and the uncertain future of urban transit
The opening of the world’s first metro system in London in 1863 was a chaotic event: steam in the tunnels…
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Expo aims to put North East at centre of green jobs push
When Morpeth was hit by floods in 2008, it was said to be a once-in-a-century event. Unfortunately the town flooded…
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Bridging loans surge as UK buyers scramble for property
Property buyers are turning to high-interest bridging loans to get an edge over rivals amid intense competition in the UK…
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The agency used by American Golf, Fosters and Halfords aiming for fame
A CEO has revealed plans for his digital marketing agency to become “famous for doing amazing work” and to expand…
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Hinkley Point C delayed by one year as costs rise by £3bn
Hinkley Point C, the nuclear power station being built in Somerset, will begin operating a year later than planned and…
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Project to open up economic development of Hull’s Priory Park East gets underway
Work to open up a further phase of a Hull business park is set to begin. The £6 million project…
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Newent Community School seeks businesses to come and inspire its students
A Gloucestershire school is looking for local businesses to come and inspire its students. Newent Community School and Sixth Form…
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No easy solution to UK cost of living crisis
This article is an onsite version of our Disrupted Times newsletter. Sign up here to get the newsletter sent straight…
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Vertical Aerospace boss Stephen Fitzpatrick becomes billionaire
British businessman Stephen Fitzpatrick has been named one of the richest people in Britain in 2022 after his Bristol-based ‘flying…
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Moneypenny Group CEO and former Admiral CEO among winners at IoD Wales awards
IoD Wales has named its Director of the Year award winners. Announced during a ceremony at ICC Wales in Newport,…
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Midlands office projects celebrated at 2022 BCO Awards
Five office projects across the Midlands and Central region have been recognised in an annual awards scheme. Trade body British…
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Northern universities’ accelerator raises £215m to back start-ups
A business accelerators set up by universities in Leeds, Sheffield and Manchester has raised more than £200m from investors. Northern…
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Leeds racing driver invests more than £300k in driving experience venture
A new business that offers punters the chance to put the pedal to the metal in performance cars while positively…
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Made In Chelsea star Jamie Laing on tasting sweet success with Candy Kittens
I f you’re thinking of starting up a business in a sector you know nothing about, intending to fake it…
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Power NI electricity prices to go up by 27.5% from July
Power NI has announced a major increase in prices to take effect from July 1. The 27.5% price hike is…
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North Wales hospital ward revamp completed by Bodelwyddan construction firm
A Bodelwyddan-based construction company has finished a full-scale ward refurbishment inside a major North Wales hospital to meet improved post-pandemic…
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Bristol deputy mayor says inflation ‘risk’ to green business aims
Bristol’s deputy mayor has said there is a “real risk” increased economic strains could mean businesses make pivoting to greener…
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THG shares rocket as Nick Candy circles and separate bid rejected
T he prospect of a takeover battle for e-commerce giant THG sent shares rocketing today after two bidders emerged and…
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BoE chief economist warns on UK’s strong ‘inflationary momentum’
Huw Pill, the Bank of England’s chief economist, said on Friday that it was “crucial” to ensure that the UK…
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Bushmills Inn added to Wirefox hotels portfolio
The Bushmills Inn and Hotel has been bought for an undisclosed sum by a County Down property investment company. Wirefox,…
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Nationwide warns of unequal impact of cost of living crisis
The cost of living crisis is having an unequal impact on people in the UK, with higher prices having the…
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Scaled down 303-bed student apartment scheme approved in York
A student apartment scheme has been approved in York after initial proposals were scaled down. Property development company S Harrison…
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