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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

Hiring outside London has dropped significantly after Chancellor Rachel Reeves unveiled her first Budget, leaving regional businesses scrambling to contain costs.

Regional hiring slumps as Labour’s NI rise dents employers’ confidence

14 January 2025 News Jamie Young 0 Comments

Regional hiring in the UK has plunged by 45pc amid Rachel Reeves’s NI increases, with recruitment firm Robert Walters citing waning confidence. Labour’s employment law overhaul could add further pressure on employers.

Retailers in London’s West End have warned that new business rates reforms could spell store closures and job losses, with the flagship shopping district facing a collective rise of £44.5 million in property bills next year.

West End retailers warn of shop closures as business rates surge

14 January 202514 January 2025 News Jamie Young 0 Comments

West End retailers face a £44.5m annual rise in business rates, prompting fears of store closures and job losses as new government reforms pile pressure on high-street shops.

Senior bankers at Lloyds Banking Group risk having their bonuses reduced if they fail to meet new in-office requirements, which mandate being on site at least two days per week.

Lloyds bankers risk bonus cuts over two-day office rule

14 January 2025 News Jamie Young 0 Comments

Senior Lloyds bankers could lose part of their bonuses for failing to meet a two-day office attendance rule, as employers across the UK tighten remote working policies.

Rachel Reeves faces mounting pressure as the cost of borrowing soars and Labour’s poll rating collapses, with Reform UK edging within a point of Labour. Despite speculation, Sir Keir Starmer pledges she will remain chancellor until 2029.

PM pledges loyalty to Reeves as Labour vote share plummets and Reform gains ground

14 January 2025 News Jamie Young 0 Comments

Rachel Reeves faces mounting pressure as the cost of borrowing soars and Labour’s poll rating collapses, with Reform UK edging within a point of Labour. Despite speculation, Sir Keir Starmer pledges she will remain chancellor until 2029.

Charlie Mullins, the outspoken multi-millionaire entrepreneur and founder of Pimlico Plumbers, has declared his support for Reform UK following his move abroad to avoid paying further taxes under the new Labour government.

Charlie Mullins to answer Farage’s call: Pimlico Plumbers founder poised for Reform UK MP bid

14 January 2025 News Paul Jones 0 Comments

Charlie Mullins, former Pimlico Plumbers boss, backs Reform UK after leaving Britain over tax hikes by the new Labour government, with Nigel Farage urging him to run for office.

In a setback for Prime Minister Sir Keir Starmer, one of Britain’s biggest supermarkets has publicly thrown its support behind farmers opposed to the Government’s planned inheritance tax (IHT) reforms.

Supermarket giant Morrisons backs farmers as inheritance tax row lands blow to Starmer

13 January 2025 News Jamie Young 0 Comments

Morrisons publicly supports farmers in a standoff with Sir Keir Starmer’s Government over planned inheritance tax changes on farmland. Protests loom amid fears smaller family farms could be forced to sell land or face crippling tax bills.

Prime Minister Keir Starmer has outlined a sweeping vision for the UK to become the world leader in artificial intelligence, pledging a distinctively British approach to regulation while unleashing AI’s potential to revive the country’s sluggish economy.

Starmer sets out new AI action plan to cement Britain’s global tech dominance

13 January 2025 News Paul Jones 0 Comments

Keir Starmer launches the “AI Opportunities Action Plan” to position Britain as a global AI leader, pledging flexible regulations, major investments, and 13,000 new tech jobs.

Concerns are escalating over the future of Northern Ireland’s largest private employer, with 2,700 jobs at risk at Spirit Aerosystems’ Belfast factory.

Uncertain future for over 2,700 Belfast aerospace jobs as takeover stalls

13 January 2025 News Jamie Young 0 Comments

Fears rise over 2,700 jobs at Spirit Aerosystems’ Belfast factory amid a stalled takeover by Boeing and a partial buyout by Airbus, leaving the future of Northern Ireland’s largest private employer hanging in the balance.

The UK’s borrowing bill once again exceeded expectations in August, adding pressure on Chancellor Rachel Reeves ahead of Labour’s first budget on 30 October.

Sterling faces fresh sell-off as soaring borrowing costs could mean Reeves is on borrowed time

13 January 2025 News Jamie Young 0 Comments

Traders are increasingly betting on a significant drop in the pound as concerns mount over the Chancellor Rachel Reeves’s ability to stick to her fiscal targets following a sharp rise in borrowing costs.

National Insurance (NI) contributions

JCB postpones 500-job hiring spree as chancellor’s tax hike rattles business confidence

13 January 2025 News Jamie Young 0 Comments

British manufacturing giant JCB has backtracked on plans to convert 500 agency staff to permanent positions, citing “challenging market conditions” in the wake of Chancellor Rachel Reeves’s recent tax-raising Budget.

The Department for Business and Trade (DBT) is once again inviting small and medium-sized enterprises (SMEs) from across the country to compete in its Made in the UK, Sold to the World Awards, with entries open until 9 March.

UK SMEs urged to enter Government Export Awards as new categories are added

13 January 2025 News Jamie Young 0 Comments

The Department for Business and Trade (DBT) is once again inviting small and medium-sized enterprises (SMEs) from across the country to compete in its Made in the UK, Sold to the World Awards, with entries open until 9 March.

Plans by the Bank of England to expand its Leeds presence have hit an early stumbling block, with only 156 current employees registering an interest in transferring from London.

Bank of England’s plans for Leeds hub stall as only 156 staff show relocation interest

13 January 2025 News Jamie Young 0 Comments

Only 156 Bank of England employees have shown interest in relocating to Leeds, raising questions about how Britain’s central bank will meet its target of 500 staff in the city by 2027.

Sir Jim Ratcliffe, the chief executive of Ineos and co-owner of Manchester United, has criticised Labour's green energy plans, claiming they could tax North Sea oil and gas production "out of existence".

UK chemicals industry ‘heading for extinction’ warns Jim Ratcliffe

13 January 2025 News Jamie Young 0 Comments

Ineos boss Jim Ratcliffe blames high energy costs and carbon taxes for the closure of his synthetic ethanol plant at Grangemouth, warning that UK chemicals are at risk.

Agreements worth £600 million, potentially adding £1 billion in value to the UK economy, have been secured following Chancellor Rachel Reeves’ trip to Beijing.

Rachel Reeves’ China visit restores crucial links with world’s second-largest economy

12 January 2025 News Business Matters 0 Comments

Agreements worth £600 million, potentially adding £1 billion in value to the UK economy, have been secured following Chancellor Rachel Reeves’ trip to Beijing.

In her debut Budget, Chancellor Rachel Reeves has introduced £40bn in tax hikes, largely focused on increasing employer National Insurance Contributions (NICs) and implementing a temporary repatriation facility for non-domiciled individuals.

Rachel Reeves weighs a ‘hotel tax’ as treasury battles to fill funding gap

12 January 2025 News Jamie Young 0 Comments

Rachel Reeves is considering a UK-wide ‘hotel tax’ amid surging borrowing costs and pressure to protect her fiscal rules, sparking industry backlash.

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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’

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Business Energy Claims recovers £25,000 for UK chocolatier

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Manufacturing company recovers thousands from mis-sold energy contracts

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