Tees Valley Mayor Ben Houchen is developing a 'tax rebate scheme' to return a portion of local business rates to residents. This initiative aims to provide direct financial relief, utilising funds from the region's increased tax revenue.
Jaguar Land Rover (JLR) announced a workforce reduction of 4,000, primarily in management roles, as part of a £2.5 billion cost-saving initiative. The move follows a significant decline in sales, particularly in China, and the strategic pivot towards electric vehicle production.
Kenya's government is set to enforce new restrictions preventing foreign nationals from operating small-scale businesses, a move affecting traders accused of 'misusing' tourist visas. The policy aims to reserve specific commercial activities for Kenyan citizens.
