Financial eNews

UK economy narrowly avoided recession last year

The UK narrowly avoided falling into recession in 2022 after the economy saw zero growth between October and December, according to the latest figures from the Office for National Statistics (ONS).

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Bank of England raises interest rates to highest level in 14 years

The Bank of England (BoE) has raised the base rate of interest.

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BCC warns SME exporters 'under tightening pressure'

The British Chambers of Commerce (BCC) has warned that small and medium-sized enterprises (SMEs) that export are facing 'tightening pressure' as a result of decreasing export sales.

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Energy bill support for firms to be reduced from April

Businesses will receive reduced support for their energy bills from April.

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Fewer firms investing in training despite skills shortage

Fewer firms are increasing their investment in training and development despite a skills shortage, according to a survey by the Confederation of British Industry (CBI).

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Government launches consultation on R&D relief

The government has launched a consultation on simplifying the UK's research and development (R&D) tax relief system, driving innovation and growing the economy.

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