The leaders of the three councils covering Cheshire and Warrington have issued a statement indicating their intentions to pursue greater devolution of power to the region. The statement follows publication of the government's English Devolution White Paper, which set out the government's … [Read more...]
News for: General Business
Inflation rose to 2.6% in November
Inflation rose to 2.6% in November according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS). The increase of 0.3 percentage points on October’s inflation data means prices in November at their fastest rate since March, with goods on average 2.6% more … [Read more...]
Inflation rose to 2.3% in October
October Consumer Price Index (CPI) data from the Office of National Statistics (ONS) has revealed a 0.6 percentage point rise in the rate of inflation. Annual inflation reached 2.3% in October, its highest rate since April, after a sharp rise on the previous month’s figure of 1.7%. While … [Read more...]
Over half of UK businesses prioritising international trade to drive growth, finds Santander research
Over half (52%) of UK businesses are prioritising international trade in their plans for growth according to research by high street bank, Santander. The bank’s Santander Trade Barometer has recorded a 5% rise in businesses looking to reach new overseas customers as a growth driver compared to in … [Read more...]
Bank of England cuts interest rates to 4.75%
The Bank of England’s Monetary Policy Committee (MPC) has voted to cut interest rates by 0.25 percentage points to 4.75%, the second cut of this year. Economists on the MPC voted 8-1 in favour of the cut, with the decision following the ONS’ announcement that CPI inflation fell below the … [Read more...]
Chancellor promises to “rebuild Britain” in first Budget
Chancellor of the Exchequer, Rachel Reeves, presented her first Budget since taking office to the House of Commons on 30th October 2024. The first Budget to ever be delivered by a woman, and the first of a Labour government since 2010, Reeves set out plans to increase day-to-day departmental … [Read more...]
Companies House implements new non-compliance penalties
Registered companies and their directors are being warned of new penalties being introduced by Companies House for non-compliance with their legal responsibilities. As part of new powers granted to the body in the Economic Crime and Corporate Transparency Act 2023, businesses could face financial … [Read more...]
LSH Auto hosts networking event ahead of Women of the Year Awards
Mercedes-Benz dealership group, LSH Auto, hosted its third networking event from the organisers of the Women of the Year Awards. The sold-out ‘Women in…’ event, designed to bring together and empower women, attracted more than 70 delegates to Mercedes-Benz of Stockport. Guest speakers included … [Read more...]
Cheshire East Council submits transformation plan to government
Cheshire East Council has submitted its ambitious transformation plan to government as it seeks ensure the borough's financial stability. The plan, approved by the council's corporate policy committee on 21 August, outlines how the council will address the significant challenges it faces, … [Read more...]
Female Founders Incubator launches at Alderley Park
The Female Founders Incubator, launched by Bruntwood SciTech to support gender diversity gaps in entrepreuneurships in the tech sector, has expanded to the Alderley Park life sciences and technology campus in Cheshire. Delivered in partnership with Lifted Ventures, the initiative will provide … [Read more...]
ONS reveals July rise in inflation
The latest inflation data from the Office of National Statistics (ONS) has revealed the rate of price rises quickened in July for the first time this year. The ONS recorded that its headline measure of inflation, the Consumer Price Index, rose by 2.2% in the 12 months to the July 2024, up from … [Read more...]
Bank of England cuts interest rates for first time since March 2020
Economists at the Bank of England have voted in favour of cutting its base rate to 5%, the first cut in interest rates since March 2020. The Monetary Policy Committee voted 5-4 in favour of the 0.25 percentage point cut in interest rates. The decision follows interest rates having been held at … [Read more...]