UK businesses put the brakes on hiring

Many businesses have put hiring on hold as they consider cost-cutting solutions, with recent data revealing that vacancy numbers have dropped by 3% between September and October 2022, and 12% year-on-year. That’s according to the latest data from the world’s largest network of job boards, Broadbean Technology. Retail sector vacancies drop When analysing Broadbean’s data […]

Primark to open at least four new stores and create 850 jobs

Primark has announced a £140m investment leading to the opening of four new shops and the creation of at least 850 jobs. The retailer said it plans to make the investment over the next two years in its UK operations. As part of that investment, the company said “at least” four news shops will be […]

Government launches £1bn scheme to insulate middle-income homes

The government will spend an extra £1bn to insulate the least energy-efficient homes in the UK, the business secretary has announced. Grant Shapps said the new Eco+ scheme was aimed at middle earners who do not benefit from any other government support to upgrade homes. Labour criticised it as a “reheated announcement with no new […]

Businesses need to upskill Gen Z and Alpha for the future of work

The World Economic Forum has estimated that 150 million new technology jobs will be created globally over the next five years, and 77% of all jobs will require digital skills from workers by 2030. However, businesses currently face a global shortage of digital skills, with only 33% of technology jobs worldwide filled by the necessary […]

UK firms well below EU average for tax roll burden of workers on £30k

The UK has one of the lowest payroll tax burdens for businesses, with the average cost of employing a worker on £30k being £3,000. A new study by accounting company UHY shows Britain is below the European average, with the cost of keeping a worker in their job being 10 per cent of their salary, […]

UK exports to Japan slump after ‘landmark’ free trade deal

The first major free trade agreement signed by Britain after Brexit has been branded a failure after new figures showed exports had fallen since it came into force. Liz Truss signed a “historic” deal with Japan as trade secretary in October 2020, describing it as a “landmark moment for Britain”. It was claimed it would […]

Female-led Pact Launches £30m Seed Fund with Focus on Inclusion, Well-being, and Climate

Pact has launched its first £30m seed fund to back early-stage startups across Europe using technology to tackle key priorities for the next generation – economic inclusion, personal and professional well-being, and climate solutions. The new venture capital fund is the first in the UK to be co-founded by three female partners – Tong Gu, […]

North of England rail faces ‘utter chaos’, warns business group

Business leaders have warned that rail services across the north of England could “collapse into utter chaos” unless the government pushes urgently for a resolution to months of disruption. Rail services are already recording historic levels of cancellations, and the imminent introduction of a new timetable could lead to a “crisis”, the Northern Powerhouse Partnership […]

Ineos in talks with Rolls-Royce on mini-nuclear power plant technology

Ineos, the chemicals company owned by the billionaire Sir Jim Ratcliffe, has held exploratory talks with Rolls-Royce on nuclear technology that could eventually be chosen to provide zero-carbon energy to the Grangemouth refinery in Scotland. A deal between Ineos, one of the UK’s biggest privately owned companies, and FTSE 100 engineer Rolls-Royce could help Ineos […]

Understanding Elon

As the world’s richest person, Musk is a natural target for critique. Recently, he has faced enormous criticism for business decisions… how to understand this unique species? In every area of human endeavor there are people who make a living doing things, and there are people who make a living criticizing what others do. Movie […]