UK carmakers are on course to meet this year’s electric vehicle (EV) sales targets, despite having successfully lobbied the government to soften the rules.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Trump threatens 10% tariff on countries aligning with BRICS
US President Donald Trump has threatened to impose an additional 10% tariff on any country that supports the BRICS alliance and its policies that “go against American interests.”
UK car loan scandal: 23 million believe they may be owed compensation ahead of supreme court ruling
More than 23 million people in the UK believe they could be entitled to compensation for mis-sold car finance, according to a new survey, as the country braces for a landmark Supreme Court decision that could unlock tens of billions in redress.
UK employers’ hiring confidence hits lowest level since 2012 amid tax and cost pressures
Hiring appetite among UK businesses has slumped to its weakest point in 13 years, as rising taxes, policy uncertainty and cost pressures weigh heavily on employer sentiment.
Apple pays £304m in UK tax as profits soar past £1bn
Apple’s UK tax bill surged last year as the American tech giant’s operating profits in Britain soared past £1 billion, fuelled by rising sales and the continued expansion of its local operations.
Tesla sees UK sales rebound in June as EV market accelerates
Tesla sold 7,700 cars in the UK in June 2025, up 3.7%, as EV sales surged 39% year-on-year. But total Tesla registrations for the year remain slightly down.
‘Invest in Women’ fund criticised for slow rollout as MPs call for bolder action
MPs accuse the £250m Invest in Women Taskforce of lacking urgency, as committee members express frustration over delays in funding support for female entrepreneurs.
The real Formula 1: British Grand Prix highlights UK’s £16bn motorsport economy
The British Grand Prix is more than sport—it’s the visible tip of a £16bn motorsport and tech economy that fuels over 50,000 jobs and 4,500 businesses across the UK.
UK Finance urges bold reforms in Mansion House 2025 submission to unlock UK growth potential
UK Finance has submitted proposals ahead of the Chancellor’s Mansion House speech, calling for reforms to unlock UK capital markets, clarify FOS powers, and drive digital finance innovation.
Propel Finance secures £1.5bn to boost UK SME lending
Propel Finance has secured £1.5bn in funding from major financial institutions including Barclays, Bank of America and the British Business Bank to expand SME lending across the UK.
MPs slam Home Office for failing to track foreign workers after visa expiry
A cross-party report says the Home Office has not tracked when skilled worker visa holders leave the UK, raising concerns over illegal working and weak immigration oversight.
Smaller firms escape Companies House rule change as government pauses ‘burdensome’ filing reform
Smaller UK businesses will retain the right to file simplified accounts as the government pauses Companies House reform over concerns it could increase red tape.
Rachel Reeves hints at fresh tax hikes amid fears of £40bn Budget black hole
Rachel Reeves hints at new tax rises to cover a potential £40bn Budget shortfall, as economic growth falters and Labour’s welfare U-turns pile pressure on the public purse.
Wimbledon winners to pay up to £1.3m in tax as HMRC claims £17m from prize pot
HMRC is set to collect £17m from Wimbledon 2025’s £53.5m prize pot, with singles champions losing up to £1.3m to UK tax under rules targeting international athletes.
Ryanair and EasyJet cancel hundreds of flights over French air traffic control strike
Ryanair and easyJet cancel nearly 450 flights as French air traffic controllers strike, prompting calls from airlines for urgent EU reform to protect passengers.
