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TikTok has formed a new SME Council to give Britain’s small businesses a bigger say in the evolving digital economy, bringing together entrepreneurs, founders, and content creators who have used the platform to fuel growth. Read more: TikTok launches SME council to elevate small business voices and boost digital growth
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The UK arm of Costco has said lower petrol prices have actually helped its profit jump to almost £200m after driving up memberships. The division of the US giant said a decrease in prices at the pumps during its latest financial year contributed to increasing the number of people signing up and renewing their membership…
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ScottishPower Energy Networks (SPEN), part of Iberdrola’s UK operations, plans to invest over €262 million to enhance and future-proof the UK’s electricity distribution infrastructure. This investment supports the nation’s climate targets and aligns with SPEN’s ED2 business plan (2023–2028), setting the groundwork for the forthcoming regulatory phase (ED3). SPEN CEO Nicola Connelly stated, “We are…
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Chancellor Rachel Reeves has unveiled a £15.6 billion package to fund trams, trains and bus networks outside London, as Labour seeks to reset the political narrative ahead of a difficult spending review. Read more: Rachel Reeves unveils £15bn regional transport investment to reshape economic narrative
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Sliding employment levels in the UK service sector over the last eight months amount to the “longest streak” since the 2008 financial crash – barring the pandemic – according to S&P Global analysts. UK firms are facing intense pressure to maintain profit margins after a labour costs surge following Chancellor Reeves‘ tax raid on employers’…
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UK growth could be higher than expected due to trade deals agreed with the US and the European Union, a City consultancy has said. Most forecasters downgraded the UK’s economic outlook for the year in the wake of President Trump’s ‘Liberation Day’, with the IMF and other major forecasters warning the UK was set to…
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KKR’s retreat leaves Thames Water clinging to creditor plan.
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UK steelmakers have narrowly avoided being hit with a damaging 50% import tariff by the United States – for now – after President Trump signed an Executive Order confirming that the UK will remain under the existing 25% tariff while a new bilateral steel agreement is finalised. Read more: UK steelmakers avoid immediate 50% US…
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There is no single change radical enough to deliver the “fundamental reset” needed by the UK’s water industry, a much-anticipated review into the sector has found. The Cunliffe review has been led by former Bank of England deputy governor Sir John Cunliffe and is the largest since the sector was privatised in the late 1980s.…
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The British Business Bank has reached a major milestone in its mission to support smaller businesses across the UK, with more than £5 billion now delivered through its ENABLE structured guarantee programmes. Read more: British Business Bank hits £5bn milestone fuelling regional growth and housebuilding