Earlier this month, UK start-up bank Mondo ran a two-day debut ‘hackathon’ centred on an early iteration of its Application Programme Interface (API). The new bank operates via a mobile app that is designed around the needs of the customer and not systems created by traditional banks.
The Office for National Statistics (ONS) blamed a surprise fall in both income and corporation tax receipts for the increase in the UK’s deficit to £12.1bn in August; the widest shortfall in government funding since 2012.
New research has found that social enterprises in the UK are outperforming mainstream businesses in a number of ways, including start-up rates, job creation and the promotion of diversity in the workforce.
Teachers’ pensions have come under the spotlight as latest figures show that 5,317 left the teachers’ pension scheme in the year up to March 2015 – up by 42 per cent on the figure from the previous year.
A start-up called Stripe, which was founded in 2011 in the US by Irish brothers Patrick and John Collison, is revolutionising online payments by streamlining the digital checkout process to allow businesses to embed a payment form that can be customised and active on its website or app almost immediately.
Education Secretary Nicky Morgan has called for more business bosses to help improve schools.
David Cameron vowed he will not waiver in his commitment to open 500 new free schools as he gave the green light to a further 18 school proposals this week.
The ATM industry is calling for the Government to reverse its policy on applying business rate valuations to what are commonly called ‘hole-in-the-wall’ ATM machines built into the front of shops, particularly in rural areas where the ATM is the only source of cash for miles.
Labour leadership candidate Andy Burnham has been accused of backpedalling over policies to make his party more “business-friendly”.
The Government has confirmed that large academy chains, exam boards and other education sector charities will have to pay the new apprenticeship levy.