UK Business News

Scotland’s biggest airline FlyGlobeSpan has mounted an operation to repatriate it’s flight crews and passengers that are covered by insurance, following the financial collapse of parent company GlobeSpan yesterday.
Over 4,500 passengers are said to be stranded by the airlines sudden collapse, with most in Spain, Portugal, Cyprus and Egypt, the Civil Aviation Authority will repatriate [...]

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UK Chancellor Alistair Darling unveiled plans to support new low carbon industries and boost the use of electric vehicles in businesses through lower taxation.
Darling said that the government would scrap taxes on electric company cars for the next five years and announced 100% first year capital allowances for businesses using electric vans.
Company cars account for [...]

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Undiscovered Business Entrepreneurs
Every day in rush hour London, be-suited businessmen disembark from the morning train and ride off to their work destinations on odd looking fold up bicycles.
While the average person may not have considered it, a folding bicycle is an impressive feat of engineering. It needs to be easily collapsible yet maintain alignment to [...]

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Business secretary Peter Mandelson said that the car scrappage scheme would be extended to cover 100,000 more vehicles, but will still end in February 2010 as per the current agreement.
The £300 million scheme was launched in May and has so far seen 227,750 vehicles scrapped for new car orders, costing the government and the manufacturer [...]

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The deal struck with Canadian car parts manufacturer Magna with General Motors, to buy the European Vauxhall and Opel units, is likely to come at a higher price than anticipated for the companies workers across Europe.
That is all except Germany where  job losses are in line with what was first estimated when Magna made their [...]

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