UK economy flatlined last quarter revised figures reveal Economics The latest revised figures from the Office for National Statistics have revealed the UK economy did not grow in the third quarter of this year. The statistics watchdog had previously said the economy grew 0.1 per cent in the third quarter. However, according to the latest figures, the economy flatlined, leaving the UK with no [...]
Entrepreneurs ‘can’t be in doubt’ about our growth pledge, Reynolds argues Politics Entrepreneurs who signed an open letter warning about the impact of hiking capital gains tax “can’t be in any doubt” about Labour’s commitment to economic growth, Jonathan Reynolds told City AM. The business and trade secretary was responding to a letter signed by a group of 500 British entrepreneurs, including the founders of Signal AI, [...]
Nestlé reveals £150m plans to transform major UK site Business Nestlé has revealed plans to invest more than £150m to transform one of its major sites in the UK. The giant is to upgrade its Nestlé Purina Petcare factory in Wisbech, Cambridgeshire, home to pet food brands including Felix, Gourmet and Winalot. The project is expected to be completed in early 2025 and will include [...]
Inmotion Ventures: Jaguar Land Rover’s investment arm slips to loss after busy year August 12, 2024 Inmotion Ventures, the investment arm of Jaguar Land Rover (JLR), made a loss during its latest financial year after backing six new companies. The Coventry-headquartered business has posted a pre-tax loss of £2.6m for the year to March 31, 2024, newly-filed accounts with Companies House have revealed. The loss comes after Inmotion Ventures made a [...]
UK ‘can’t afford not to’ go green in bid for growth, CBI chief to say July 1, 2024 The UK’s growth could be put at risk if politicians try to “separate the economy from net zero”, a top business lobby group boss is set to warn.
Business investment: Another unwanted title for UK economy June 18, 2024 This is the third successive year in which the UK has ranked bottom among the world's richest economies in terms of investment.
‘Brand Britain’ needs a refresh under the next government, says top business body June 4, 2024 A new government must prune the UK’s sprawling business tax system and refresh “Brand Britain” if the country is to boost investment and restore its status as a global hub for commerce, the country’s top business body has said.