CategoryBusiness

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What is the difference between British petrol prices and those in other major countries?

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Petrol prices in the UK have fallen 24% in a year and are now 45p-a-litre cheaper. This compares to a fall of 15% in the US, 12% in France, and 10% in Germany. However, the UK still has some of the highest petrol prices in Europe, with only Norway, Denmark, and the Netherlands having higher prices. Here is a table comparing petrol prices in some major countries as of June 2023: CountryPetrol...

Interest rates may rise dramatically if UK inflation stops falling

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That’s right. UK inflation unexpectedly stayed at 8.7% in May, defying forecasts for a slowdown to 8.4%. This is bad news for UK Prime Minister Rishi Sunak, who has promised to halve inflation this year, and economically for millions of people across Britain struggling with a cost-of-living crisis. There is an expectation that the Bank of England will raise interest rates by 0.25 percentage...

Do My New Staff Need Employment Contracts?

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Recruitment is one of the most important processes in business. It is vital that you are able to attract and recruit talent to your organisation so that you are able to perform to a high level, but there is a lot to consider when bringing new staff on board. Obviously, you want to find someone that is a good fit for your company and have a smooth onboarding process, but you must also consider the...

UK’s largest mobile company to be created by Vodafone Three

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Vodafone and Three have agreed to merge their UK businesses to create the country’s largest mobile operator. The combined company will have around 27 million customers, leapfrogging Virgin Media O2 and EE. Although the deal is pending regulatory approval, it would significantly shake up the UK telecoms market if it goes through. Vodafone and Three are currently the third and fourth-largest...

CBDC consultation deadline extended by UK central bank

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The Bank of England has extended the deadline for its consultation on a central bank digital currency (CBDC) to June 30. The original deadline was June 7, but the central bank said it needed more time to gather feedback on the issue of non-residents and the digital pound. The consultation paper, published in February, asked for views on several topics, including the design, distribution, and use...

Computer chip industry to receive $1.2 billion boost by Britain

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The British government has unveiled a new strategy to boost the country’s semiconductor industry, with up to £1 billion ($1.2 billion) in government investment over the next decade. The strategy, announced by Prime Minister Rishi Sunak on Friday, aims to make Britain a We are a leading company specializing in designing, manufacturing, and utilizing semiconductors. Semiconductors are...

According to MPs, cryptocurrency trading should be regulated as gambling in the UK

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According to Parliament’s Treasury Committee, cryptocurrency trading should be treated as a form of gambling rather than a financial service. A report published on Wednesday said that MPs must use fewer taxpayer funds to promote technological innovations such as digital tokens without demonstrating clear benefits to the public. It has been concluded that cryptocurrency trading and investing...

The British chip giant Arm plans to list its shares in the US

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The Cambridge-based company aimed to raise $10 billion (£8 billion). In March, the company dealt a blow to the UK by announcing that it had no intention of listing its shares in London. Arm was bought by Japanese firm SoftBank in 2016 in a deal worth £23.4bn. At the time, Arm was listed in both London and New York. The company creates the technology that powers processors, also known as chips, in...

Small affordable EVs are needed as soon as possible, as shown by the UK’s vehicle fleet!

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By the end of December 2022, there were 40.7 million vehicles on the road in the United Kingdom. The SMMT, which stands for the Society of Motor Manufacturers and Traders, is the subject of this text. Reported 35,148,045 cars, 4,887,593 vans, 72,766 buses, and 615,570 trucks in every 32 vehicles in the United Kingdom comes with a plug, with 1.1 million electric cars now in use. 3.1% of the UK car...

In 2030, Britain hopes to have widespread coverage of 5G Plus

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The UK authorities have set a formidable goal of reaching subsequent technology 5G cellular insurance in populated regions throughout the USA through the top of the decade. Four of Britain’s cellular networks – BT’s EE, O2, Virgin Media O2 (owned via way of means of Telefonica and Liberty Global), Vodafone, and Three – are currently implementing the technology, with rollouts of 5G...

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