Business

For small and medium-sized businesses (SMEs), equipping employees with the latest skills and tools needs to be a priority. After all, as the competition grows, SMEs can’t afford to be idle. And it’s not always possible for new hires or seasoned employees to know exactly what industry demands will look like. That’s why SMEs must budget for upskilling within their workforces. Upskilling doesn’t have to be a major cost, either. With some training courses or...

Running a small or medium-sized business is tough enough without getting buried in spreadsheets every month. A lot of us owners and managers end up wearing too many hats, sales, customer stuff, operations, and then accounting piles on top. Those routine financial tasks eat up hours, and honestly, one slip-up can cause big headaches like tax penalties or cash flow surprises. I’ve talked to plenty of other business folks who’ve found a better way: handing...

Uber has abandoned its pledge to operate an all-electric fleet across major UK, US and European cities by 2030, after its chief executive warned that drivers, consumers and governments are turning away from electric vehicles. Speaking at the World Economic Forum in Switzerland, Uber chief executive Dara Khosrowshahi said the company’s long-standing commitment to switch to a fully electric fleet by the end of the decade was “just not going to happen”. It marks the...

Asda is preparing to cut up to 1,200 warehouse jobs as part of an aggressive cost-cutting programme, according to the GMB, marking a second wave of proposed redundancies in little more than a fortnight. Union officials claim the supermarket is planning to outsource distribution of its George clothing range to DHL, placing hundreds of roles at risk across several of Asda’s clothing depots. The work is expected to be consolidated at a single DHL-operated facility...

UK toy sales rose for the first time in five years last year, offering rare optimism for a sector that has struggled since the pandemic, but industry leaders are now watching closely for any fallout from potential social media bans aimed at under-16s. The value of UK toy sales increased by 6 per cent in 2025, according to data from Circana, marking the first year of value growth since 2020. The total market was valued...

Elon Musk has raised the prospect of buying Ryanair in the latest escalation of a public war of words with the airline’s outspoken chief executive, Michael O’Leary. The exchange follows a disagreement over whether Europe’s largest low-cost carrier should install Musk’s Starlink satellite internet system across its fleet of more than 650 aircraft. O’Leary has repeatedly dismissed the idea, arguing that the required antennae and hardware would add unnecessary weight and drag, increasing fuel burn...

More than 130 senior hotel and holiday park executives have written to the chancellor, Rachel Reeves, warning that Labour’s planned changes to business rates represent the most serious threat to the sector’s viability and must not be limited to pubs alone. In a letter coordinated by UKHospitality, industry leaders said the government’s proposed relief package for pubs risks leaving large parts of hospitality “hung out to dry”, despite facing similarly sharp increases in costs. Signatories...

Unemployment remained stuck at a near five-year high in the run-up to Rachel Reeves’s November Budget, while wage growth continued to ease, reinforcing expectations that interest rate cuts are edging closer. Figures published on Tuesday by the Office for National Statistics showed the UK unemployment rate holding steady at 5.1 per cent in the three months to November. That is the highest level since early 2021 and broadly in line with economists’ forecasts. Joblessness has...

MPs have thrown their weight behind calls for greater Government support for British businesses developing alternatives to plastic packaging, as Parliament steps up its focus on tackling the global plastics crisis. At a Westminster briefing hosted by the Natural Polymers Group, parliamentarians heard how UK-led innovation in nature-based materials could form a £4.2 billion industry and create more than 35,000 high-skilled green jobs across the country. More than a dozen MPs, peers and civil servants...

The resumption of the Sky Train trial this week signalled a significant development in the proceedings, particularly as the court entered a phase that is often crucial in complex financial cases. A turning point was marked by the court’s decision to admit key email correspondence into evidence, despite the prosecution’s unexpected objections. This shift underscored the importance of documentary records and highlighted the vital role that contemporaneous materials play in evaluating institutional decision-making in large-scale...