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Sky News
Government borrowing costs hit 20-year high after Bank of England confirms bond-buying will end on Friday
UK government borrowing costs have hit a 20-year high after the Bank of England confirmed its emergency bond-buying programme will end on Friday as planned.On Wednesday morning, it said all temporary and targeted purchases of UK government bonds, known as gilts, would stop. This has been the position throughout and has been “made absolutely clear …
Business
Sky News
Rees-Mogg argues pensions ‘aren’t at risk’ despite BoE warnings
Jacob Rees-Mogg has declared his confidence in the governor of the Bank of England, but disputed that pension funds are at “systemic” risk.Speaking to Sky News, the business secretary said “of course” he has confidence in Andrew Bailey, describing him as “respected”. He questioned, however, whether there was a “systemic problem” with pensions after the …
Press Release
Pressat
Founders Forum Group partners with the Centre for Entrepreneurs to support UK founders in challenging times
EMBARGOED UNTIL 06:00 BST [GMT+1] on 12 OCTOBER 2022 Founders Forum Group and Centre for Entrepreneurs are expanding their partnership to fuel more UK startups and entrepreneursThe Group will make a significant annual donation to the not-for-profit organisation and host the charity’s offices at its headquarters on London’s Strand This expands Founders Forum Group’s current …
Business
Sky News
Economy shrinks unexpectedly in August
The economy unexpectedly shrank in August, contracting by 0.3% on the previous month.The growth in July has also been revised downwards, from the previously recorded 0.2% to 0.1%. The Office for National Statistics released its latest reading on the UK’s performance as the government frets over the prospect of recession ahead, given the toll placed …
Press Release
Pressat
Guildford Council is commended for preventing illegal reptile trading as local venues are warned to be vigilant
A planned reptile market at Normandy Village Hall, Guildford on 15 October 2022 has been cancelled by the venue manager following advice from Guildford Council. The Animal Protection Agency (APA) gathered evidence of unlawful animal trading at a reptile market on 31 July 2022 at Normandy Village Hall. Guildford Council examined the evidence and reacted …
Business
Sky News
‘The worst is yet to come’: IMF says 2023 will ‘feel like a recession’
The International Monetary Fund (IMF) has predicted a tough 2023 as it cut growth predictions and forecast economic contraction in a third of the world.“The worst is yet to come,” the global financial institution’s World Economic Outlook report said. “For many people 2023 will feel like a recession,” it added.A downward revision of the global …
Press Release
Pressat
Garden bars growing in popularity due to cost of living crisis.
With the huge cost of living crisis more and more homeowners are adding their own pub in their gardens. With the average cost of a pint now over £4 across the whole of the UK and over £5 in London it’s no surprise that that Britons are looking for ways to save on the cost …
Business
Business Live
Hull construction firm KWL takes on record number of apprentices
Hull construction and maintenance firm, KWL, has recruited a record number of apprentices. A total of 13 more school leavers have joined what is now a 41-strong team on the books. This year’s cohort were invited along with their families to an annual celebration at Hull’s Guildhall, where tool kits were presented by the Deputy …
Business
Evening Standard
Reach reports impact of the advertising ‘blackout’ following the death of the Queen
Reach, the publisher of national and regional newspapers, has revealed a drop in third-quarter revenue after it pulled advertising from its editions after the death of the Queen.The so-called “blackout” brought advertising revenue down by almost a quarter. That offset a rise in circulation of about a third for the Daily Mirror and the Daily …
Business
Evening Standard
UK unemployment falls to lowest since 1974 amid rise in long-term sickness
The UK’s unemployment rate dropped to its lowest for almost half a decade as more Britons left the labour market completely due to illness, according to official figures.The Office for National Statistics (ONS) said the unemployment rate fell to 3.5% over the three months to August – the lowest since February 1974.Economists had predicted that …
Business
Business Live
Somerset bathroom firm lands London School of Economics contract
A Somerset bathroom manufacturing firm has secured a £1.6m contract to supply a student accommodation scheme for the London School of Economics. Highbridge-based Offsite Solutions will make 641 ready assembled shower units or pods for the Glengall Road development in Southwark and main contractor EQUANS. The project will provide 676 student rooms and studios in …
Business
Sky News
No one is quite sure where they stand anymore despite Bank of England’s bond intervention
This is starting to look a little… unnerving.This morning the Bank of England tweaked its emergency intervention into the government bond (gilts) market for a second successive day. The details are somewhat arcane: yesterday it doubled the amount it was offering to buy each day; today it said it would widen the stock of assets …

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