Government contractors including Mitie and Churchill Group are negotiating contract hikes to offset NI and minimum wage rises—passing costs on to the taxpayer. Discover how these changes could affect public services and the wider UK economy.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Labour says middle classes back 20% vat on private school fees
Middle-class parents have welcomed the government’s move to introduce a 20 per cent VAT charge on private school fees, according to education secretary Bridget Phillipson.
Over 4,000 Brits tucked into their tax return on Christmas Day
Over 40,000 UK taxpayers have already filed their 2023–24 Self Assessment returns during the festive period, according to HMRC. Discover how this early action could save you time—and stress—ahead of the 31 January deadline.
Pay gulf widens between public and private sectors under Starmer
Public sector pay has surged 6% above private sector wages under Labour, raising fears of higher inflation, extra taxes and fresh union disputes.
Stamp Duty hikes trigger 42 per cent slump in prime London property deals
Repeated stamp duty rises have caused a 42% drop in prime London sales, warning of a potential Laffer curve effect on Treasury tax revenue.
Boxing Day splurge forecast at £4.6bn despite cost-of-living concerns
Boxing Day spending set to top £4.6bn as Brits splurge £236 each, despite inflation worries, with more shoppers returning to high street deals.
Homebase lives on as CDS revives DIY chain within newly branded the range stores
Homebase is making a comeback in up to 70 rebranded The Range superstores next year, retaining its classic identity online and in key garden centre spaces.
BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
BMW admits over 100 luxury cars were sold to russian buyers in breach of sanctions, highlighting the rise in ‘back door’ exports via central asia.
Aviva agrees £3.7bn deal to acquire Direct Line, forming a UK motor insurance powerhouse
Aviva acquires direct line in a £3.7bn deal, creating a UK motor insurance giant. discover how this takeover drives cost savings, impacts jobs, and reshapes the competitive landscape for British insurers.
Flatlining economy prompts Starmer’s warning: ‘no overnight fix’ amid fresh tax hike fears
UK economic growth flatlined in Q3, prompting Sir Keir Starmer to warn of no rapid turnaround. With fresh fears of tax hikes and business sentiment sinking, discover what lies ahead for Britain’s stalled recovery in this Business Matters report.
Trump issues fresh trade threat: buy american oil or face heavy tariffs, eu told
Former US President Donald Trump warns the EU to buy more American oil and gas or risk steep tariffs. The move raises fears of renewed trade tensions as the bloc braces for potential challenges under a new US administration.
Budget ‘weighing on growth’, warns Bank of England
The UK economy is likely to see no growth in the aftermath of the Chancellor’s Budget, the Bank of England has warned, as businesses respond to record tax measures by increasing prices and reducing staffing levels.
Mandelson chosen by Starmer as UK ambassador to US
Sir Keir Starmer is set to appoint Lord Mandelson as the UK’s next ambassador to the United States, marking the first political appointment to the role in nearly half a century.
Car finance complaints widened to cover leasing deals, giving lenders more time to respond
The FCA extends the motor finance complaints process to include car leasing and grants lenders until December 2025 to handle a surge in claims, following a court ruling on undisclosed commissions.
UK car production slumps to lowest November level since 1980
British car production fell by nearly a third in November, hitting its weakest level since 1980. With factories in transition and waning domestic demand, the industry urges government action as EV targets loom.
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