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Economic Developmentgallery

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Economic Development

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BusinessLive

17:21, 20 MAY 2013

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OBR boss Richard Hughes resigns after Budget Day leaks

He said he would take full responsibility for technical errors that led to the OBR's 'worst failure' in its 15-year history

��Ƶ manufacturing activity expands for first time in more than a year

Business optimism within the sector also rose to a nine-month high, according to the research

Virgin Media hit with £23.8m Ofcom fine over treatment of vulnerable customers

The regulator has handed out its biggest fine of the year

Engineering firm prepares to appoint administrators and suspends shares on AIM

Insolvency and Administration

The graphene producer has been running out of cash for months and has been attempting to sell off its assets

Asda recovery 'set back six months' by troubled £1bn IT upgrade

Retail & High Street

Zuber Issa sold his stake in the supermarket last year, while boss Allan Leighton says sales slump was 'self-inflicted'

Businesses are changing hiring strategies after Budget, poll suggests

Bosses also fear their companies will be targeted with further tax rises in the near future.

House prices fall in London and Southern England but continue to rise in North and Wales

Uncertainty around the Budget contributed to a dip in buyer demand in recent weeks

Nationwide sees transactions soar on Black Friday 2025

Retail & High Street

The Swindon-based lender predicts more than 12 million transactions will be made over the day

Yorkshire timber group with 1,150 employees across the ��Ƶ calls in administrators

Insolvency and Administration

More than 550 redundancies have been made at National Timber Group and 13 of 47 bases closed with immediate effect

Debenhams CEO could earn almost £150m bonus without shareholder vote if shares soar

Retail & High Street

Debenhams has unveiled a new executive bonus scheme that could reward CEO Dan Finley with almost £150m if shares rocket

Autumn Budget 2025: Everything you need to know about major tax rises, spending measures and business impact

Chancellor Rachel Reeves has delivered her second Budget

Cirata shares rise as FCA closes fraud investigation into former Wandisco

The FCA has closed its two-year investigation into Cirata, formerly Wandisco