Bank of England poised to raise interest rates for 10th time in a row
The Bank of England is poised to raise interest rates for the 10th time in succession when its policymakers meet this week in a further squeeze on the finances of mortgage holders and businesses. Financial markets expect a 0.5 percentage point increase in the central bank’s base rate to 4%, its highest level since the […]
£30 million government funding for innovative projects to decarbonise UK highways
Future roads could be built using asphalt made from grass cuttings and ‘carbon capturing’ cement, supported by £30 million government funding awarded to 7 innovative, net zero projects. Seven projects spread across the UK, from Lanarkshire to Devon, have been awarded funding today through the Live Labs 2: Decarbonising Local Roads competition. The programme supports […]
Leading UK companies sign commitment to hire military veterans in bid to bridge digital skills gap
Six major UK employers have become the first organisations to sign a commitment to help armed forces veterans and their partners find meaningful employment in technology and digital roles after leaving the military. Capita plc, Northrop Grumman, Atos, Leonardo UK, Fujitsu and Leidos are the first companies to join 15,000 Futures, signalling their intention to […]
Grant Shapps calls for ‘scale-up Britain’ to learn from Silicon Valley mistakes
Business secretary Grant Shapps has said he plans to make the UK country a better place for startups to scale up and that the UK can “learn from the mistakes” of Silicon Valley. Speaking in Davos, Switzerland, at the World Economic Forum, Shapps outlined his vision to launch a “Scale-up Summit” for those within the […]
Plant-based brands dominating food sector and crowdfunding campaigns
Plant-based brands are dominating the food sector and crowdfunding campaigns as the vegan and vegetarian population continues to grow and expand in the UK, a new report has revealed. According to the latest annual report by crowdfunding company Seedrs, there is a 24% rise in successful campaigns in the vegan category in 2022, with plant-based […]
Network Rail launches zero-carbon freight service
A zero-carbon rail service launched by Network Rail and Varamis Rail is helping to promote the sustainable benefits rail has to offer, as online shopping and home deliveries across the UK continues to increase. The zero-carbon freight service, running between Scotland and the Midlands from Monday to Friday, is targeting express parcels and third-party delivery […]
Energy support sends UK government borrowing to December record
Government payments to soften the impact of rocketing energy bills helped send UK public borrowing soaring to more than £27bn last month – the highest figure for December since modern records began 30 years ago. The latest bulletin on the health of the UK’s finances from the Office for National Statistics showed government spending last […]