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Latest News:

  • UK pension funds still “way off the pace” on backing Britain’s tech stars, warns Oxford science chief
  • Half of graduates would refuse a student loan today, treasury inquiry warns
  • Samsung chip workers pocket £300,000 windfalls as AI memory boom rewrites the rule book
  • Amazon’s UK tax bill tops £1.3bn as employer NI hike and £30bn sales drive the total higher
  • Gordon Brothers swoops on Radley as Poundland owner adds British handbag label to its turnaround portfolio
  • Altman backs away from AI ‘jobs apocalypse’ warnings as OpenAI chief admits he was ‘pretty wrong’
  • Long-term unemployment climbs to a decade high as Britain’s hiring engine stalls
  • Rayner urges Starmer to ban social media for under-16s as labour splits over Australian model
  • HMRC warns 700,000 umbrella workers over ‘bills of exchange’ tax avoidance scam
  • Goalhanger Ventures opens its chequebook to creator-led media with Invisible Media stake and Backyard Cricket deal

Category: News

The latest news affecting small and medium sized (SME) businesses in the UK

Lloyds Banking Group is facing a £1 billion bill after a tax tribunal ruled against it in a dispute tied to losses in Ireland dating back nearly 15 years.

Lloyds braced for £1bn tax clash in Ireland losses row

6 February 20256 February 2025 News Jamie Young 0 Comments

Lloyds faces a £1bn tax demand over Irish loan losses following a tribunal ruling.

BT is preparing to remove diversity, equity and inclusion (DEI) metrics from the bonus calculations of thousands of its middle managers, just weeks after its chief executive denounced businesses that roll back their inclusivity commitments.

BT scraps diversity targets from managers’ bonuses

6 February 2025 News Jamie Young 0 Comments

BT drops diversity metrics from manager bonuses while Google and other US firms also scale back DEI targets.

The US Postal Service (USPS) has ceased accepting parcels from mainland China and Hong Kong “until further notice,” as fresh rules have shut a loophole allowing duty-free imports of low-value goods.

US Postal Service halts china parcels following new Trump trade measures

5 February 20255 February 2025 News Jamie Young 0 Comments

Discover why the US Postal Service has halted parcels from China and Hong Kong, how new US tariffs are shaking up global trade, and what it means for retailers.

Citigroup is holding firm on its hybrid working policy, offering two remote days each week for most employees, even as other banks and businesses push for a full office return.

Citigroup bucks ‘return to office’ trend by committing to hybrid working

5 February 2025 News Jamie Young 0 Comments

Citigroup is holding firm on its hybrid working policy, offering two remote days each week for most employees, even as other banks and businesses push for a full office return.

The British Virgin Islands (BVI) face mounting criticism from Westminster over controversial plans to restrict transparency on corporate ownership, prompting accusations of a “shameful” effort to shield the jurisdiction’s role in money laundering and tax evasion.

British Virgin Islands accused of ‘shameful’ bid to sidestep financial crime crackdown

5 February 2025 News Jamie Young 0 Comments

The British Virgin Islands’ draft proposals on financial transparency face fierce UK backlash, prompting accusations of shielding illegal funds and risking a constitutional showdown.

Employees at Santander UK are braced for a new wave of redundancies, following a 38% drop in full-year profits and the bank’s decision to press ahead with cost-cutting measures.

Santander UK staff brace for fresh job cuts after profits tumble 38%

5 February 2025 News Jamie Young 0 Comments

Santander UK faces more job cuts after a 38% fall in full-year profits, amid mounting regulatory pressures, a costly motor finance scandal, and speculation over a possible sale of its British arm.

Discover why the European Commission is tightening customs checks on online retailers like Shein and Temu to curb an influx of unsafe goods, tackle counterfeits, and safeguard the environment while levelling the playing field for EU businesses.

EU set to tighten customs checks for online retailers in crackdown on unsafe goods

5 February 2025 News Jamie Young 0 Comments

Online platforms including China’s Shein and Temu are braced for tougher customs controls after the European Commission vowed to stem the influx of what it calls “dangerous products” into EU markets.

UK grocery inflation has slowed for the first time in six months, offering a measure of respite to households grappling with persistent cost-of-living pressures.

Grocery inflation eases as supermarkets ramp up promotions for savvy shoppers

4 February 2025 News Jamie Young 0 Comments

UK grocery inflation dropped to 3.3% in January, its first dip in six months, as supermarkets upped promotions to attract budget-focused shoppers, Kantar data reveals.

High Court to rule on whether a debt buyer owned by Elliott management can collect on personal guarantees sold by funding circle, raising key legal questions.

Court to decide if Elliott-owned firm can enforce Funding Circle debts

4 February 2025 Legal, News Jamie Young 0 Comments

High Court to rule on whether a debt buyer owned by Elliott management can collect on personal guarantees sold by funding circle, raising key legal questions.

Tesla, the electric vehicle (EV) powerhouse led by Elon Musk, delivered an average of 4,889 vehicles a day in 2024, even as its full-year figures dipped slightly from 2023.

Tesla’s daily deliveries near 5,000 in 2024 as price cuts and market shifts drive sales

4 February 2025 News Jamie Young 0 Comments

Tesla delivered nearly 4,900 vehicles per day in 2024 despite price cuts and recession fears, hinting at stronger quarterly growth but raising questions about future demand under trump’s tariffs.

Donald Trump has announced new US tariffs on imports from Canada, Mexico, and China, and hinted that the European Union could be next.

China strikes back with tariffs on US imports as global markets wobble

4 February 2025 News Paul Jones 0 Comments

China has retaliated against President Donald Trump’s imposition of a 10 per cent tariff on its exports to the United States, announcing fresh duties on liquefied natural gas (LNG), coal and oil.

Sir Keir Starmer has signalled that Britain will avoid taking sides in the escalating trade row between the United States and the European Union, insisting that it is in the UK’s “vital interests” to stay on good terms with both allies.

Keir Starmer keeps quiet on Trump’s EU trade threats amid post-brexit reset

4 February 2025 News Jamie Young 0 Comments

Keir Starmer refuses to condemn Donald Trump’s new tariff threats as he meets eu leaders. discover how a looming trade war risks inflation, hampers post-brexit resets and divides western allies.

An estimated 1.1 million people in the UK missed the 31 January cut-off for submitting their annual self-assessment tax returns, according to HM Revenue and Customs (HMRC). Each late filer now faces a penalty of at least £100, unless they can prove they had a valid reason for their delay.

Over one million taxpayers face fines after missing self-assessment deadline

3 February 2025 News Business Matters 0 Comments

HMRC confirms over one million britons missed the 31 January tax deadline, risking at least £100 in penalties.

Emmanuel Macron is poised to tell Sir Keir Starmer that the UK’s appearance at a key EU summit on Monday signals the failure of Brexit, according to senior diplomats.

Brexit has failed, Macron to tell Britain

3 February 20253 February 2025 News Jamie Young 0 Comments

As Keir Starmer attends a key EU summit, President Macron will argue that “Brexit has failed,” while the UK prime minister seeks a new defence pact and deeper ties.

Businesses grappling with rising energy costs could see higher bills under Labour leader Sir Keir Starmer’s proposal to link the UK’s emissions policy with the European Union’s carbon pricing scheme.

Labour’s ‘Brexit reset’ draws fire over plan to align UK carbon rules with EU

3 February 20253 February 2025 News Jamie Young 0 Comments

Businesses grappling with rising energy costs could see higher bills under Labour leader Sir Keir Starmer’s proposal to link the UK’s emissions policy with the European Union’s carbon pricing scheme.

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Latest Content

Oxford Science Enterprises chief Ed Bussey says UK pension funds are "missing in action" as British tech firms rely on overseas backers, particularly US capital, for up to 80% of their funding.

UK pension funds still “way off the pace” on backing Britain’s tech stars, warns Oxford science chief

Oxford Science Enterprises chief Ed Bussey says UK pension funds are “missing in action” as British tech firms rely on overseas backers, particularly US capital, for up to 80% of their funding.

Half of graduates would refuse a student loan today, treasury inquiry warns

Samsung chip workers pocket £300,000 windfalls as AI memory boom rewrites the rule book

Amazon’s UK tax bill tops £1.3bn as employer NI hike and £30bn sales drive the total higher

Gordon Brothers swoops on Radley as Poundland owner adds British handbag label to its turnaround portfolio

ISA shake-up risks unwinding a decade of simplification, warns Charles Stanley

The business benefits of investing in better packaging

Altman backs away from AI ‘jobs apocalypse’ warnings as OpenAI chief admits he was ‘pretty wrong’

Utilities

Energy savings

Business Energy Claims recovers £25,000 for UK chocolatier

Energy saving

Manufacturing company recovers thousands from mis-sold energy contracts

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