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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

Quintessentially, the concierge service co-founded by Sir Ben Elliot – nephew to the Queen Consort – has cautioned that “material uncertainty” remains over its ability to continue as a going concern, despite recording higher sales and narrowing losses in its latest financial year.

Queens Nephew warns of ‘material uncertainty’ over Quintessentially’s future as £15m loan deadline looms

7 January 2025 News Jamie Young 0 Comments

Concierge group Quintessentially, co-founded by Sir Ben Elliot, flags “material uncertainty” amid £15m loan deadlines and net liabilities of £29m.

Businesses shed jobs at the fastest pace in four years last month after higher employment costs and mounting uncertainty from the autumn budget dented confidence, according to the latest S&P Global data.

Firms slash jobs at quickest rate in four years following budget tax hikes

7 January 2025 News Jamie Young 0 Comments

UK firms cut jobs at the fastest rate in four years in December, according to the latest PMI survey, with hiring freezes and layoffs triggered by higher employer NICs and a gloomy outlook.

Over 3,500 current and former Next employees have won a landmark equal pay claim, potentially costing the retailer more than £30 million. This case sets a precedent for similar claims across the UK retail sector.

Next warns of 1% price increase as budget wage bill soars by £67m

7 January 2025 News Jamie Young 0 Comments

Retail giant Next has defied expectations for the crucial Christmas trading season, posting stronger-than-forecast sales but cautioning that a spike in wage costs will lead to higher prices this year.

Errol Musk, father of billionaire entrepreneur Elon Musk, has stirred controversy by suggesting that Tommy Robinson, a far-right British activist, could one day become prime minister.

Errol Musk claims Tommy Robinson ‘very likely’ to become UK Prime Minister

7 January 20257 January 2025 News Paul Jones 0 Comments

Errol Musk, father of Elon Musk, has sparked controversy by likening Tommy Robinson to Nelson Mandela and predicting he could become UK prime minister. 

Pound rallies after Donald Trump considers limits to tariffs plan

Small businesses warn of layoffs as new employment rights bill prompts worry

6 January 2025 News Jamie Young 0 Comments

UK small businesses warn of layoffs as a new employment rights bill expands worker protections and raises costs.

Retailers warn of inevitable job losses amid £7bn budget hit

Tax hikes blamed for slide in business confidence as KPMG forecasts growth boost

6 January 2025 News Jamie Young 0 Comments

Business confidence hits a two-year low after the chancellor’s £40bn tax hikes, yet a KPMG report predicts accelerated UK growth.

Britain must stick to its plan to stop selling new full hybrid cars without a plug from 2030 or risk a “catastrophic misstep” that undermines its net zero ambitions, the motoring group Electric Vehicles UK (EVUK) has warned.

UK faces net zero crisis unless full hybrids are banned by 2030, warns motoring body

5 January 2025 News Jamie Young 0 Comments

Britain’s motoring lobby warns that allowing new full hybrids after 2030 would be a “catastrophic misstep” for the UK’s net zero goals. Discover what’s at stake for electric vehicles, the government’s proposed ban, and industry reactions.

The Bank of England is expected to reduce interest rates significantly faster than financial markets currently anticipate, according to new forecasts from Goldman Sachs.

Pound sinks to nine-month low as recession fears grip UK manufacturing

5 January 2025 News Jamie Young 0 Comments

The pound hit a nine-month low below $1.24, as fears mount over a UK industrial recession. Learn about new PMI data signalling manufacturing slowdown, rising costs and job cuts, and the Treasury’s bid to steady the economy.

Jeff Bezos is gearing up to launch Amazon’s satellite broadband service in Britain, marking a significant challenge to fellow billionaire Elon Musk.

Bezos readies UK satellite broadband to rival Musk

5 January 20255 January 2025 News, Technology Paul Jones 0 Comments

Jeff Bezos’s Amazon aims to launch Project Kuiper in the UK, challenging Elon Musk’s Starlink with satellite broadband for homes, businesses, and government clients.

Fashion retailer New Look is preparing to accelerate store closures as a result of Labour’s tax-raising budget, while “Chicken King” Ranjit Boparan battles to pass higher costs on to supermarkets—signalling further pressure on UK businesses across multiple sectors.

New Look speeds up store closures as budget fallout bites

5 January 2025 News Jamie Young 0 Comments

Fashion retailer New Look is preparing to accelerate store closures as a result of Labour’s tax-raising budget, while “Chicken King” Ranjit Boparan battles to pass higher costs on to supermarkets—signalling further pressure on UK businesses across multiple sectors.

Looming tax increases and ongoing cost pressures are sending a “winter chill” through Britain’s factories, as new data reveals the weakest manufacturing growth in 11 months.

UK manufacturing chills as tax rises stifle demand

5 January 2025 News Jamie Young 0 Comments

Looming tax increases and ongoing cost pressures are sending a “winter chill” through Britain’s factories, as new data reveals the weakest manufacturing growth in 11 months.

Apple has become the world’s first $3 trillion company after an extraordinary rally in its shares during the pandemic.

Apple agrees to £77M settlement over alleged Siri eavesdropping

4 January 20254 January 2025 Legal, News Paul Jones 0 Comments

Apple will pay £77 million to settle a lawsuit over Siri allegedly recording private conversations.

Marco Longhi, the former Conservative MP for Dudley North, has joined Nigel Farage’s Reform UK after accusing his old party of having been “captured by a left-wing influence masquerading as conservatism”.

Ex-Tory MP defects to Reform UK as poll predicts 120-seat breakthrough

4 January 2025 News Paul Jones 0 Comments

Former Dudley North MP Marco Longhi joins Nigel Farage’s Reform UK, claiming the Conservatives have drifted left. A new poll shows Reform could win 120 seats, shaking up the balance of power in Westminster.

Three quarters of former Conservative MPs who lost their seats at the last election are poised to attempt a comeback, new research suggests.

Three quarters of ousted Tory MPs eyeing a return to Westminster

4 January 20254 January 2025 News Paul Jones 0 Comments

New polling reveals that three quarters of ousted Tory MPs are considering another run for parliament, amid Conservative soul-searching over social media strategy and calls for a stronger appeal to younger voters.

Pitch at Palace

Cash withdrawal from Prince Andrew’s Pitch@Palace sparks questions over scheme’s future

4 January 2025 News Jamie Young 0 Comments

Half of the cash balance at Pitch@Palace Global, the commercial arm of the Duke of York’s entrepreneurial platform, has been withdrawn in the space of a year, newly filed accounts reveal.

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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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