Paper £20 and £50 banknotes will no longer have legal tender status after 30 September 2022, the Bank of England has confirmed and is urging anyone who has one to spend it or deposit it at a bank or Post Office. There are approximately £9 billion worth of paper £20 and £15 billion worth of paper … [Read more...]
News for: General Business
Cheshire businesses invited to online workshop to help win public sector contracts
Businesses from across the Cheshire and Warrington region are invited to learn how they can bid for a share of the £650 million in council and public sector contracts up for tender each year. Cheshire East, Cheshire West and Chester, and Warrington local authorities have combined contracts each … [Read more...]
North of England upbeat about future economy, finds TfN poll
People in the North of England are broadly optimistic about the economy for the coming year according to a new opinion poll commissioned by Transport for the North (TfN) and carried out by Ipsos Mori. Data from the regional transport body were announced to coincide with TfN's annual conference, … [Read more...]
Government announces plans for regulatory reforms after Brexit
The UK government has established plans for how it will reform regulatory legislation following Brexit and divergence in standards from the EU. Minister of State at the Cabinet Office, Lord Frost, confirmed plans yesterday (16th September) to review rules and regulations retained from EU … [Read more...]
North West economy continues to grow, reports NatWest PMI survey
High Street bank, NatWest, has reported that the North West economy continues to grow following the pandemic according to responses from its August Purchasing Managers Index (PMI) survey. Despite the continued rise in business activity in the region, the bank noted that the rate of economic … [Read more...]
UK economy grew 4.8% in three months to June
The UK economy grew by 4.8% in the three months from April to June 2021 as Covid-19 restrictions eased, according to latest data from the Office of National Statistics (ONS). ONS figures found that the UK has outpaced other developed nations in the rate of its economic bounce-back after the … [Read more...]
North-west economy continues to bounce-back from Covid-19 despite slowdown in rate of growth
While the region’s economy has continued to grow after the Covid-19 restrictions were eased, the rate of growth has dipped in the North-west according to the latest monthly data from NatWest. The rate of recovery has slowed since May, when the high street bank's North-west PMI survey recorded the … [Read more...]
Northern regions lead nation in post-pandemic business confidence
Businesses in the North East and North West regions of the UK have most confidence in the state of the economy according to the latest Business Barometer survey from Lloyds Bank. While overall business confidence dipped slightly overall in July, the measure of optimism in the economy remains … [Read more...]
Small business leaders urged to join government’s Help to Grow scheme
Chancellor Rishi Sunak has urged business owners from small and medium-sized enterprises to sign up to the government’s Help to Grow scheme and gain access to free training. Help to Grow opened to applications in May this year and will offer 30,000 SMEs across the UK with access to business … [Read more...]
More work needed on jobs and housing to ‘level up’ UK regions
A new report published by financial services group, Legal & General, has found despite large-scale infrastructure investments, more work is needed on jobs and housing to level up the most deprived parts of the UK. Legal & General launched the L&G Rebuilding Britain Index in April to … [Read more...]
Cheshire and Warrington LEP expands board
Cheshire and Warrington Local Enterprise Partnership (LEP) has made five new appointments to its board to continue to support the region's economic growth. The new additions to the LEP's board will help the organisation to continue to develop the Local Industrial Strategy for the Cheshire and … [Read more...]
CBI predicts 8% growth and return to pre-Covid output by end of year
The Confederation of British Industry (CBI) has predicted the UK economy will return to pre-Covid levels and over 8% annual growth by the end of 2021 in its latest Economic Forecast. Despite the delay in fully lifting lockdown restrictions, the CBI expect the UK's output to grow 8.2% in 2021, and … [Read more...]