Newark energy specialist sold to Hertfordshire group
New operations manager for asbestos consultancy
Major development takes step forward in Clowne
Hospitality leads UK job losses amid rising costs
New data shows the hospitality sector accounts for more than half of UK job losses since last October’s Budget. Of the 164,641 positions cut across the economy, nearly 89,000 were in the hospitality sector. The figure exceeds Office for Budget Responsibility estimates, which predicted around 50,000 job losses linked to employer National Insurance changes.
Economists attribute the reductions to rising operational costs, including increases to the national living wage and employer National Insurance contributions. Businesses with lower-paid and flexible staff, such as hospitality, retail, and construction firms, have been particularly affected. Part-time and temporary roles are the most vulnerable.
High street retailers have also raised concerns over business rates, which are based on commercial property rental values. Rates are set to rise next year, adding billions to expenses. More than 60 leading firms have urged the Government to reform the system, citing risks to jobs, investment, and consumer prices if costs continue to escalate. Retailers argue that current rates put physical stores at a disadvantage compared with online competitors and stress that stable operating conditions are essential to supporting sustainable employment and economic growth.
Rolls-Royce SMR makes final stage in Swedish nuclear competition
Chris Cholerton, Rolls-Royce SMR chief executive, said: “We are extremely proud that Vattenfall has selected Rolls-Royce SMR as one of the final two nuclear technologies in this highly competitive process.
Multi-million-pound investment as major site clean up and enabling works begin at Harrier Park, Hucknall
East Midlands start-ups soar as insolvency experts warn of heightened cashflow ‘red flags’
St. James Securities
