UKEF has partnered with other export credit agencies and MUFG as sole Mandated Lead Arranger to secure over €1.2 billion in financing for a sustainable railway project.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Oil prices could double if Red Sea shipping attacks continue warns Goldman Sachs
Houthi rebel disruptions reaching the Straits of Hormuz could double oil prices, Goldman Sachs has warned.
House prices started to rise again in 2023, says Halifax
House prices have stopped falling and are rising again, according to a closely watched report from the mortgage lender Halifax.
Electric car sales flatline as manufacturers call for VAT cut
The number of new cars registered in the UK has jumped by nearly 18% but electric vehicle demand is flatlining, prompting the industry to call for a VAT cut to stimulate sales.
New London to Sheffield train service planned for 2025
The Yorkshire city of Sheffield is to get a new competitor rail service to London, promising faster travel times than the existing trains.
Insurer forced to pay thousands of pounds to small firms hit by Covid payout delays
One of the world’s largest insurance companies has been forced to pay thousands of pounds in interest to small businesses whose Covid insurance payout claims were delayed.
Mortgage rates cut as new year price war intensifies
HSBC has become the first leading bank to cut mortgage rates below 4 per cent as a new year price war between lenders gathers pace.
SpaceX puts direct-to-phone Starlink satellites in orbit to eliminate smartphone ‘dead zones’
SpaceX has launched the first set of Starlink satellites capable of providing network coverage directly from space to standard smartphones in a service designed to eliminate global “dead zones”.
Next raises profit forecast but warns stock could be delayed by Red Sea attacks
Next has raised its profit forecast for the fifth time in less than a year after reporting better-than-expected sales in the run-up to Christmas.
Starmer sets out Labour’s election agenda on Inheritance tax, borrowing, taxes and £28bn green fund
Keir Starmer has said he is “fundamentally opposed” to axing or reducing inheritance tax, as he made a landmark speech before a widely-expected general election.
Government sells off more NatWest shares ahead of Hunt’s Tell Sid-style share sale plan
The government has sold 1.03 per cent of its shares in Natwest as it continues to quietly reduce its stake in the bank.
Maersk pauses shipping operations in Red Sea indefinitely after new attacks
Shipping giant Maersk said Tuesday it will pause operations in the Red Sea “until futher notice” after another attack by Iran-backed Houthi rebels in Yemen over the weekend.
Eurostar misled passengers with £39 fare promotion for European getaways, watchdog rules
Eurostar has received a scolding from the UK’s advertising watchdog after misleading passengers over the price of ticket fares on routes to and from London.
Labour is considering tax cuts to become ‘party of opportunity and aspiration’
Rachel Reeves is weighing up plans to offer income tax or national insurance cuts in Labour’s general election manifesto to show that the party is on the side of “opportunity and aspiration”.
HSBC’s foreign exchange app Zing set to take on Revolut and Wise
HSBC is stepping up its battle to lure customers away from digital upstarts such as Revolut and Wise with the launch of a foreign exchange payments app to spend, send and convert international currencies.