Two freeports confirmed for Wales
Two freeports have been confirmed for Wales by the UK and Welsh governments. Celtic Freeport, covering Milford Haven and Port Talbot, and Anglesey Freeport will each be backed by £26…
Bank of England raises UK interest rates to 4.25%
Interest rates have been increased to 4.25% from 4% by the Bank of England (BoE) as it tries to slow rising prices. The BoE’s decision to increase rates for the…
Fewer firms investing in training despite skills shortage
Fewer firms are increasing their investment in training and development despite a skills shortage, according to a survey by the Confederation of British Industry (CBI). The survey found that the…
UK business confidence plummets to 13-year low
The UK’s business confidence has dropped to a 13-year low, according to a survey conducted by the Institute of Chartered Accountants in England and Wales (ICAEW). The ICAEW’s latest Business…
Energy bill support for firms to be reduced from April
Businesses will receive reduced support for their energy bills from April as the UK government attempts to cut the cost of compensating for soaring gas and electricity prices, the Treasury has…
BCC warns SME exporters ‘under tightening pressure’
The British Chambers of Commerce (BCC) has warned that small and medium-sized enterprises (SMEs) that export are facing ‘tightening pressure’ as a result of decreasing export sales. The BCC’s quarterly Trade Confidence…
Bank of England raises interest rates to highest level in 14 years
The Bank of England (BoE) has raised the base rate of interest to the highest level in 14 years. The BoE raised interest rates for the tenth consecutive time on…
Brexit deal not delivering for businesses
Over half of UK companies currently face difficulties in adapting to the new rules for trading goods with the EU, according to a British Chambers of Commerce (BCC) survey. The…
Plymouth and South Devon freeport gets go ahead
The Plymouth and South Devon freeport has received final government approval. It will now receive up to £25 million in seed funding to help boost investment and support the growth…
Bank of England raises base rate to 3.5%
The Bank of England (BoE) has raised UK interest rates by half a percentage point to 3.5%. It is the ninth consecutive increase and takes the base rate to its highest…
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