Bank of England Holds Rates at 3.75%, Cuts Growth Outlook
The Bank of England's Monetary Policy Committee has voted to maintain interest rates at 3.75%, with a majority decision, while revising down UK economic growth forecasts for 2026 and 2027.
Category : Business
Petards Sees 24% Revenue Growth Amid Defence and Rail Boost
Gateshead tech firm Petards expects a 24% revenue increase to £14.9m for 2025, driven by a £9.2m order book and strong performance in defence and rail divisions.
Morrisons £15 Valentine's Meal Deal Launches Nationwide
Morrisons introduces a £15 Valentine's Day meal deal offering a three-course premium dining experience for two, featuring restaurant-quality dishes from The Best range.
Shark Steam Mop Now £20 Cheaper in Rare Sale
The Shark Classic Steam Mop has been reduced to £39.99, offering a £20 saving on its usual price. This steam cleaner is ideal for hard floors and tiles, providing an effective cleaning solution for households.
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Secure Trust Bank Sells Motor Finance Division to LCM Partners
Specialist lender Secure Trust Bank has sold its struggling motor finance division to LCM Partners, unlocking capital for reinvestment while withdrawing from the controversial sector.
Cotts Equine Wins Rural & Agricultural Business Award
Cotts Equine has been honoured as the Rural & Agricultural Business of the Year at the Swansea Bay Business Awards, celebrating its growth and innovative equine care services across South Wales.
Six-Figure Payout After Van Hits Woman in Parking Bay
A 68-year-old woman has received €170,564 in compensation after a van struck her knee while she stood in a parking bay. The judge rejected her €1.75 million loss of earnings claim as unrealistic.
Vodafone CEO: No Retail Job Cuts in Three Merger
Vodafone's CEO confirms no compulsory redundancies for high street staff following the Three takeover, despite targeting £700m in cost savings and recent UK subscriber losses.
HMRC Digital Tax Warning for Sole Traders and Landlords
HMRC warns 860,000 sole traders and landlords must adopt digital tax reporting from April 2026, as part of Labour's tax system overhaul to boost economic growth.
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First-Time Buyers Need £23,000 Average Deposit
Nationwide Building Society reveals first-time buyers need an average £23,000 deposit, with regional variations from £13,100 in the North East to £44,800 in Inner London.
New Entertainment Venue Opens at Merry Hill
Carnival Golf and Games has launched at Merry Hill shopping centre, featuring crazy golf, escape rooms, electric darts, and more in the former Debenhams space.
Johnsons 1871 Removal Firm Collapses After 155 Years
Major UK removal company Johnsons 1871 has entered administration after operating since 1871. The family-owned Northwich firm reported £29m turnover in 2024.
Coffee Shop Closes Due to 327% Business Rate Increase
Frazer's Proper Coffee Drive Thru in Sheffield has closed permanently after facing a 327% increase in business rates, rising from £7,350 to nearly £32,000 annually.
Dains Acquires HURST in North West Expansion
Midlands advisory firm Dains announces takeover of Stockport-based HURST, marking strategic entry into North West market and 16th acquisition since 2021.
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Southport's Half-Term Events: Lightport, Mudfest & More
Discover Southport's vibrant half-term events this February, featuring the immersive Lightport showcase, muddy fun at Martin Mere's Mudfest, romantic Valentine's escapes, and family-friendly activities for all ages.
Nationwide Cuts Savings Rates, Customers Lose £38
Nationwide Building Society is reducing interest rates on 37 savings accounts, costing average savers around £38 annually. Experts urge customers to switch providers for better returns.
JLR Solihull Strike Threat as DHL Staff Ballot
Around 300 DHL logistics workers at Jaguar Land Rover's Solihull plant are being balloted for strike action after the company failed to present a pay offer for 2026, potentially causing severe disruption.
Black Castle Capital Wins Global 100 Venture Capital Award
London-based consultancy Black Castle Capital Partners has been honoured with the Global 100 2026 award for Best Venture Capital & Private Equity Business of the Year in the United Kingdom.
UK Law Firm Shuts Down, 600 Jobs at Risk
PM Law, a UK legal firm specialising in personal injury and conveyancing, has closed all five branches, putting 600 jobs at risk across Yorkshire, Cumbria, Berkshire, Kent and Derbyshire.
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Spain & Portugal Issue 'Extraordinary' Weather Warning
UK tourists are warned as Spain and Portugal declare red alerts after Storm Leonardo causes fatal flooding, evacuations, and major transport disruption.
Vianet Seals Major US Restaurant Contract
North East tech firm Vianet announces a significant multi-year deal with a US restaurant group, alongside a robust trading update showing growth despite economic headwinds.
UK Construction Company Collapses into Liquidation
Spectre Construction and Development LTD, based in Plymouth, has appointed liquidators after nearly six years in business, with Anderson Brookes overseeing the voluntary winding-up process.
Historic Cheltenham Department Store Closes After 200 Years
Cavendish House, Cheltenham's oldest department store operating since 1823, has permanently closed. The building will be demolished for redevelopment, displacing small businesses.
HMRC Digital Tax Rules for 864,000 High Earners
From April 2026, over 864,000 sole traders and landlords earning above £50,000 must adopt HMRC's Making Tax Digital for Income Tax, requiring quarterly digital submissions.
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Nationwide Cuts Savings Rates on 37 Accounts
Nationwide Building Society is reducing interest rates on 37 savings accounts from Wednesday, February 10, impacting millions of members. Financial experts advise savers to compare rates and consider switching providers to maximise returns.
Tesco Beats Asda as UK's Cheapest Supermarket
Tesco has dethroned Asda as the UK's cheapest supermarket for a large trolley shop, according to Which? data. The victory hinges on Clubcard loyalty scheme savings, sparking debate over pricing inclusivity.
UK Hiring Recovery Emerges with Millennials Most Vulnerable
New data reveals UK vacancies rose in late 2025, marking the first year-on-year increase in six quarters, though millennials account for 76% of payrolled employment reductions.
loveholidays Sale 2026 Breaks Still Available
As the loveholidays Sale enters its final weekend, discover which well-reviewed European package holidays for 2026 are still showing availability, including properties in Turkey, Portugal, Malta, Spain, and Greece.
Premium Bonds Tax-Free Trap: Martin Lewis Warning
Martin Lewis cautions savers that Premium Bonds' tax-free prizes often yield minimal returns compared to savings accounts, with experts highlighting better alternatives.
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NatWest Mortgage Rates Rise Up to 0.24%
NatWest has announced mortgage rate increases of up to 0.24%, following similar moves by Barclays, HSBC, and Nationwide this week, as the Bank of England prepares its latest interest rate decision.
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