Companies that employ low-wage workers should invest in productivity-enhancing technologies and corporate training, according to the Institute for Public Policy Research (IPPR).
With the national living wage rising, the IPPR said that businesses are now cutting overtime, bonuses, and staff perks.Read more >>
Innovate UK is to launch its first women-only competition. The innovation agency will be giving female entrepreneurs the opportunity to share their innovative ideas and help the economy to grow.
The competition has been launched as part of a new initiative to bring more diversity into innovation and boost the UK economy.Read more >>
More people over the age of 65 are choosing not retire because they enjoy being in work, according to a new survey.
The research, which was carried out by insurance company LV=, found that nine out of ten people aged over 65 are happy to continue working; just one in ten felt that they need to carry on working for the money.Read more >>
An innovation centre for businesses in the financial sector has opened in London.
The hub, set up by Synechron, will focus on providing workshops for businesses that are committed to investing in digital transformation and technology.Read more >>
Facebook has launched an entrepreneurship initiative for women after research showed that more female businesswomen would help to boost the UK’s economy by £10.01 billion.
The social networking website has launched SheMeansBusiness to help more women set up their own company.Read more >>
Small and medium-sized businesses based in Brighton and Cardiff will be working the hardest this bank holiday, according to research conducted on behalf of SME finance solutions company LDF.
The survey found that 95 per cent of SMEs in these areas will be working. Glasgow was also found to have some of the hardest-working SMEs, with 94 per cent working this bank holiday.Read more >>
Children who grow up surrounded by lots of books tend to be high earners, according to research from economists Giorgio Brunello, Guglielmo Weber and Christoph Weiss.
The research surveyed 6,000 men who were born in European countries during the mid-20th century and looked at how many books they had in their home.
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Apple has topped the list of the biggest tech companies in the world. The company achieved a revenue growth of 28 per cent, increasing to nearly $234 billion last year.
According to the 2016 Forbes Global 2000, which ranks businesses based on their revenue, profit and assets, Apple is now the fourth largest company in the US.Read more >>
British MPs Iain Duncan Smith and Stephen Kinnock went head-to-head in an EU Referendum debate in Central London on Wednesday night.
The Brexit Business Case Debate took place at the Institute of Directors on Pall Mall in Central London, where Conservative MP for Chingford and Woodford Green Iain Duncan Smith was joined by former Director General of the BCC, John Longworth, both of whom support the 'Leave' campaign. CBI President, Paul Drechsler CBE, sat alongside Labour MP for Aberavon Stephen Kinnock representing the 'Remain' camp.Read more >>
SMEs are more cost-conscious and spend more time comparing prices than larger businesses, according to research from Applegate PRO.
The research, which surveyed 726 SMEs, found that they are more careful with their spending, enabling them to make considerable savings.Read more >>
Companies are working hard to tackle the skills gap, and those who have not already done so should act now, according to specialist lending and savings bank Aldermore.
The bank’s report, which was conducted in conjunction with YouGov and CEBR, showed that just 29 per cent of businesses are not suffering a skills gap.Read more >>
New research from Vonage has shown the best locations in the UK for entrepreneurs and fledgling companies.
The study shows the survival rate of start-ups since 2014, when over 500,000 new companies were launched. Graduate pools in local areas, broadband speeds and property prices were also looked at in the research.Read more >>
Royal Mail has launched a mailshot tool for small businesses. The company has created the online tool to enable businesses to easily connect with their customers.
Businesses will be able to create their own mailshots from 49p, which they will be able to have delivered to customers within three working days. The mailshots can be sent to any location in the UK.Read more >>
The British Business Bank has launched the first instalment of a funding scheme to help businesses to grow.
The Help to Grow programme will provide loans of up to £200 million to small businesses to encourage growth and innovation. The first £30 million instalment of the funding has now been made available to growing businesses.Read more >>
Over 70 per cent of workers believe that traditional office life is no longer relevant, according to a report from computer software company TeamViewer.
The report, titled “The End of Nine-to-Five”, showed that UK office workers feel that a traditional nine-to-five job is no longer necessary, with more people now wishing to work remotely instead.Read more >>
The expansion of Heathrow Airport’s runway will help to boost Britain’s economy, according to Lord Paul Deighton.
Heathrow Airport’s new Chairman made his first official visit to Liverpool John Lennon Airport (LJLA) yesterday and highlighted the benefits of an expansion in an election-style manifesto.Read more >>
Financial education should be taught in primary schools, MPs have said.
A report released this week called for the subject to become compulsory in primary schools to enable children to learn day-to-day financial skills.Read more >>
Over 60 per cent of British parents want to set up their own business, according to a survey carried out by the Start Up Loans Company.
The research, which surveyed 2,000 adults aged 18 and over, found that the majority of parents want to quit their current job and start up their own business as it would provide them with a better work-life balance.Read more >>
A business service in South Lakeland is helping young local entrepreneurs to succeed.
The programme, which is run by South Lakeland District Council (SLDC), focuses on helping businesses to grow by providing them with expert business advisors.Read more >>
Over 50 per cent of business owners say that they will base their decision on whether or not the UK should leave the EU on facts, according to a report by software company Sage.
The report showed that the majority of business owners are not interested in what celebrities or politicians think about the upcoming EU, with 56 per cent saying that facts will have the biggest impact on their decision.Read more >>
Employment rate for women reached a record high in March, increasing to 31.58 million, according to the Office for National Statistics (ONS).
The ONS stated that the increase could be linked to the Government making changes to the retirement age for women to keep them in work for longer.
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Over 4 million people in the UK are now self-employed, according to the latest figures from the Office of National Statistics (ONS).
Figures showed that the number of self-employed people increased by 182,000 from January to March. The total number of self-employed people in the UK now stands at 4.69 million, with self-employed workers accounting for 15 per cent of the workforce.Read more >>
Capital One is to launch a tech accelerator for early-stage start-up businesses. The credit card company will be launching the Capital One Growth Labs in Nottingham in partnership with L Marks, which brings together established businesses and growing companies.
According to Capital One, the hub will “shape the future of finance”, supporting start-ups in the financial sector to help them develop innovative technologies.Read more >>
Over 50 per cent of British women would like to give up their job and become self-employed, according to new research.
The survey, which was conducted on behalf of the Start Up Loans Company, highlighted the main reasons why women would like to run their own business and identified the top business sectors in self-employment.Read more >>
Britain’s most in-demand jobs have been revealed by Adzuna. The website, which brings together millions of job ads to enable jobseekers to find their ideal role, revealed the top sectors for highly skilled job hunters.
Research showed that 40 out of 56 cities have more jobs available than the number of people searching for jobs. However, sectors such as retail, manufacturing and logistics have experienced a drop in the number of roles available.Read more >>