Weekly Business News - 22 April 2025

This business news update from April 2025 highlights several key areas for UK businesses to consider. While UK inflation saw a slight dip in March to 2.6%, forecasts predict a rise again, potentially reaching 3.7%, with the Bank of England's next interest rate decision on 8 May being crucial. Furthermore, over 1,000 company directors were banned in the past year, primarily for misuse of Covid support loans, underscoring the importance of director responsibilities. In cybersecurity, a law firm was fined £60,000 for a data breach, providing important lessons on implementing strong security measures like multi-factor authentication. Finally, new regulations now require checks for work eligibility for gig economy workers, and a ban on personal meat imports has been extended to all EU countries due to concerns over foot and mouth disease.

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