News Archives

UK nosedives into recession after GDP plunges 20.4% between April and June

For the first time in 11 years, the UK is officially in recession. The Office for National Statistics said the economy bounced back by 8.7% in June as lockdown restrictions eased, however, the impact of lockdown between April and June has taken its toll.

Businesses pushed into highest debt in 13 years – study

British businesses are more in debt than at any point for the last 13 years as they try to stay afloat during the coronavirus pandemic, according to new research.

Construction activity jumps in July – but employment dives as firms cut jobs

The construction market has done well for the second month in a row, as building resumes with the easing of lockdown restrictions.

BP to cut oil and gas production by 40% as it sets out road to net zero

BP have outlined its strategy to become a greener company, with plans to cut emissions by 40% by 2050.

Treasury Covid-19 support to businesses hits £50bn

The Treasury has reported that more than £50 billion of loans to businesses hit by Covid-19 have been approved so far.

Businesses voice concerns about leaving EU with no trade deal

Most firms have neither the time nor resources to prepare for a non-negotiated EU exit, says CBI.

Six UK cities to share £30m 5G innovation funding

£30 million of funding is being shared between tech innovators looking at how 5G can leverage industries across the country.

Waitrose and John Lewis home delivery vans set to go electric

The switch is part of moves by the John Lewis Partnership's goal to end use of fossil fuels for its vehicle fleet by 2030.

Scientists one step closer to test for Alzheimer’s disease

Research suggests a test may be able to detect changes in the brain 20 years before dementia symptoms occur.

Category title