News

  • Boost for UK autonomous vehicle technology

    Climate Change and Industry Minister, Claire Perry, has launched MERIDIAN, a new brand for the development of connected and autonomous vehicle (CAV) technology in the UK funded jointly by the Government’s CAV investment programme and by industry. The aim is to create a cluster of excellence in driverless car testing, along the M40 corridor between Coventry and London, to accelerate the development of the technology, grow intellectual capital and attract overseas investment in the UK. Claire Perry ...

    Posted at September 10, 2017 | Categories : News
  • UK manufacturing sector remains solid

    The UK manufacturing sector remained solid at the end of the first quarter of 2017, with the Markit/CIPS Purchasing Managers’ Index. recording 54.2 in March (54.5 in February) having remained above the neutral mark of 50.0 for the eighth successive month.    The latest PMI reading compared favourably to its ...

    Posted at April 3, 2017 | Categories : News
  • Household pessimism on Brexit impact widespread

    New data from IHS Markit suggests that British households have become increasingly pessimistic regarding the long-term economic prospects following last year’s vote to leave the EU.   The March poll, conducted by Ipsos MORI, showed the proportion of people expecting the UK economy to fare better over the next ten years falling to 29%, down from 39% last July. ...

    Posted at March 27, 2017 | Categories : News
  • Small businesses to cut investment

    Britain’s smallest companies have scaled back plans to invest in their businesses, according to the latest Lloyds Bank Business in Britain research. Companies with a turnover of less than £1 million expect to invest an average of £21,690 in their businesses in the next six months – a fall of 74% since July, when firms said they expected ...

    Posted at March 6, 2017 | Categories : News,Uncategorized
  • Rates shock to small business growth

    A significant proportion of small businesses across the UK are preparing to reduce investment and staff costs once business rates rise next month, according to a new survey from the Federation of Small Businesses (FSB). The research finds that more than a third of small firms expect to see their business rates increase from 1st April. Of those facing a rate rise, 44% of FSB respondents say their business rates will eventually increase by over ...

    Posted at February 27, 2017 | Categories : News
  • Boost for UK artificial intelligence sector

    New measures to support Britain’s Artificial Intelligence (AI) sector are set to be announced by the Government, with proposals expected to include: A major AI review to identify the critical elements for the technology to thrive and grow in the ...

    Posted at February 26, 2017 | Categories : News
  • FRC to review the UK corporate governance code

    The Financial Reporting Council (FRC) is to undertake a fundamental review of the UK Corporate Governance Code. The review will take account of work done by the FRC on corporate culture and succession planning. It will also take into account the issues raised in a recent Government Green Paper which proposes linking executive remuneration with performance, and extending the FRC’s enforcement powers to ensure that disciplinary action can be taken against all directors where there ...

    Posted at February 16, 2017 | Categories : News
  • Leicester and Loughborough Enterprise Zone confirmed

    Plans for a new Enterprise Zone to support the UK’s space science industry have been confirmed. The project will cover three sites across Leicester and Loughborough, and aims to deliver 6,500 new jobs by building on the local area’s expertise in the sector. Leicester is already home to the National Space Centre and the new Zone will offer ...

    Posted at February 13, 2017 | Categories : News
  • Small business commissioner to address late payment

    The Government is about to appoint the UK’s first Small Business Commissioner in a move aimed at supporting small businesses in payment disputes with their larger customers. The role includes giving general advice and information, handling complaints about payment issues and directing small businesses to existing dispute resolution services.

    Posted at February 12, 2017 | Categories : News
  • Fall in sterling double-edged sword

    The recent fall in the value of sterling is squeezing domestic sales margins, and increasing the cost base of UK businesses, according to the results of the British Chambers of Commerce’s (BCC) latest International Trade Survey. The results, which are based on the responses of nearly 1,500 businesses, indicate that the recent devaluation of pound is having a negative ...

    Posted at February 8, 2017 | Categories : News,Uncategorized
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