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  • UK high streets risk becoming ‘wastelands’ with 15,000 shops to shutter by 2025

    August 16, 2023

    Up to 15,000 shops could disappear from the UK’s high streets by the end of 2025, a new report has warned, as more and more consumers choose to online over in-store shopping. Data from the Local Data Company showed that between 2018 and 2022, over 41,000 stores opened and 79,000 stores closed, resulting in 37,700 [...]

  • Jaguar Land Rover drives up recruitment with 300 new jobs in West Midlands

    August 16, 2023

    Jaguar Land Rover has announced plans to create hundreds of new jobs in the West Midlands after the marque swung into the black earlier in the year. The luxury carmaker said today that it will employ 300 new technicians and test engineers at its plants in Solihull, Gaydon and Whitley. It said the recruitment push [...]

  • ‘The last thing commuters need’: London business groups slam rail fare hike

    August 16, 2023

    London business groups have slammed a significant government hike in rail ticket fares set to hit commuters next March. The Department for Transport (DfT) has committed to ensuring any fare increase falls below the nine per cent rise in the Retail Price Index (RPI) inflation measure, announced by the ONS on Wednesday morning. Regulated rail [...]

  • Red lorry, yellow lorry… but why no green lorries?

    August 16, 2023

    The mission to get the UK’s fleet of trucks to go green is failing to take off, new figures have revealed, due to ongoing concerns about the lack of available electric or hydrogen charging points throughout the country. Heavy Goods Vehicles (HGVs) currently produce nearly 20 per cent of all transport emissions in the UK, [...]

  • Sunak’s global AI safety summit plans ‘vague’ despite provisional autumn date

    August 16, 2023

    The government is yet to announce details for its global AI safety summit, which it is planning to hold in the UK later this year. In June, Prime Minister Rishi Sunak announced the UK’s plans to host the first major global summit on AI safety in autumn this year. Speaking at London Tech Week, Prime [...]

  • Lionesses’ win sees punters splurge £18.9m on drinks in the pub

    August 16, 2023

    Footie fans flocking to the pub to support England’s win in the Women’s World Cup semi final against Australia were forecast to spend £18.9m on drinks in hospitality venues across the UK, a study has shown, in a welcomed boost to the sector.  Total spending across the two stages of the semi-final rounds – including [...]

  • Further misconduct allegations made against former mayoral hopeful Daniel Korski – CityAM

    August 16, 2023

    Further allegations of sexual misconduct have been made against former London mayoral candidate hopeful Daniel Korski. Three more women have accused the ex-Downing Street advisor of incidents including inappropriate touching,according to the Financial Times. Entrepreneur Korski left the race to become the Conservative City Hall nominee in June after Daisy Goodwin, a TV producer, alleged [...]

  • Tevva Motors is latest to ditch UK: Royal Mail EV lorry supplier moves to US

    August 16, 2023

    Royal Mail’s electric lorry supplier Tevva Motors will move its headquarters to the US after announcing a merger with a New York-listed electric carmaker. Tevva Motors, whose headquarters are in Tillbury, Essex, said it would merge with Canada-based ElectraMeccanica and relocate to Delaware. The start-up firm – who manufacture a range of medium and heavy [...]

  • Bitcoin and Ethereum dip as altcoins slip into the red

    August 16, 2023

    Bitcoin is sitting above $29.1k while Ethereum is trading around the $1.8k mark, both down by around 1% on the day.

  • House prices rise 1.7 per cent – but Brits advised they will keep coming down

    August 16, 2023

    Average UK house prices increased by 1.7 per cent in the 12 months to June down from a revised 1.8 per cent in May 2023, but property experts are warning this won’t continue for long. New figures from the Office for National Statistics show the cost of a home in the UK is £5,000 more [...]

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