Business News

The furlough scheme closes yesterday, with uncertain times ahead for people who have not yet fully returned to work.

Nearly one million workers were expected to be on the scheme at the end of September, according to estimates by the Office for National Statistics.

As the Job Retention Scheme (Furlough) is coming to an end in the UK, a paper published by the University of Birmingham concluded the government designed scheme preserves a worker’s job during the COVID-19 pandemic but it provokes substantial decline of their monthly income that may trigger financial distress.

Research led by Christoph Görtz, Danny McGowan and Mallory Yeromonahos of the Birmingham Business School used household survey data from the Understanding Society Database provided first-hand evidence on whether the UK furlough scheme has been designed effectively and whether it prevented household financial distress during the Covid-19 pandemic.

According to a nationally-representative survey into 2,000 UK workers, conducted by corporate transport technology specialist Kura, an increase of just £5 to daily travel costs may hold the key to solving the UK’s car-led climate emergency.  

The research findings revealed that nearly half (45.3%) of employees would consider forgoing their cars in favour of an alternative transport method if daily costs increased.

Top chefs and restauranteurs owners from across the region have joined forces with Greater Birmingham Chambers of Commerce to voice concerns over the imminent reversal of VAT rate reductions.

In a letter to Chancellor Rishi Sunak, the Chamber and well-known hospitality industry figures such as Simpsons owner Andreas Antona and TV chef Glynn Purnell are calling for an extension to the rates reduction in a bid to drive consumer demand.

With the return to real life dating, singles across the UK are heading back to their go-to spots for first dates.

However, today, more than half (57%) of Black British people in the UK have experienced racism or racial bias on a date.

Coversure Dudley is launching a public awareness campaign to warn property owners of the risks of underinsurance. A recent report from Rebuild Cost Assessment found that 82% of UK properties are underinsured, a problem that could leave landlords and homeowners facing bills for tens-of-thousands of pounds in the event of claim.

The Renters Reform Bill consultation response, which is expected to be published this autumn, is rumoured to cover tenancy rights, deposits, standards of accommodation and social housing. 

The changes that are set to strengthen protection for tenants include banning ‘no fault’ evictions, the introduction of lifetime tenancy deposits, crackdowns on criminal landlords and implementing the charter for social housing residents.

City of Wolverhampton has kicked off its annual Business Week by announcing the launch of one of the largest city centre residential development opportunities in the Midlands.​

The Council through its delivery partnership with Canal & River Trust has assembled the site, which is being marketed as Canalside South for the development of a residential community that will see hundreds of new homes along one of the most historic stretches of canal in the country.

Analysis published today (Friday) by the TUC shows how the West Midlands’ economic recovery can be sped up by reversing cuts to key workers’ pay.

The analysis by the TUC and Landman Economics models the economic impacts of reversing cuts to the value of public sector pay that took place over the period 2010/11 to 2020/21.

Downtown in Business (DIB) recently celebrates the sixth anniversary of its launch in Birmingham. In September 2015, Downtown in Business launched its Birmingham office at an exclusive party at Marco Pierre White Steakhouse Birmingham.

Commenting on the sixth anniversary, CEO Frank McKenna said; “I am delighted that DIB has been in Birmingham for six years now.

Redditch-based and family-owned luxury bath and body brand, Baylis & Harding, has bolstered its extensive charitable credentials by supporting Midlands Air Ambulance Charity during the pre-hospital emergency service’s 30th anniversary year. 

Renowned for luxury hand wash, bathing products and gift sets, Baylis & Harding is contributing to the lifesaving service in a number of ways throughout the partnership.

Water company Severn Trent is set to produce an extra 95 million litres of water – using innovative low carbon methods – to help tackle the growing threat of water scarcity.

Traditional methods of treating water can be carbon heavy, taking 400 tonnes to produce one megalitre of water.

International homeware brand Bedsure has revealed the huge success of its product testing program - with customers invited to try out a range of best-selling blankets, duvet covers, sheets and pillowcases and rate them. 

The program, which launched in March 2021, has seen more than 200 people from across two continents sign up to sample Bedsure’s Amazon items. 

The UK Government is set to pay out tens of millions of pounds to restart production of carbon dioxide at a key plant in the UK amid fears over food supplies and the nuclear industry.

They will meet the full operating costs to run CF Industries' Teesside plant for three weeks.

West Midlands-based business, Your Co-op Travel, is celebrating multiple award-wins, following the prestigious Travel Weekly Agent Achievement Awards, which took place in London on 16 September 2021.

Part of The Midcounties Co-operative, Your Co-op Travel has its regional head office in Walsall and 76 branches across England’s mid counties, including 19 in the West Midlands.

Travel Forward has confirmed a series of exhibitors for the annual event. The physical show is taking place at ExCeL London from November 1-3, and will be followed by TF Virtual, taking place on November 8-9.

Established globally active brands have been supporting Travel Forward since its launch in 2018. Many have already rebooked for 2021.