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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

Vodafone is facing a £120 million-plus legal action brought by 61 of its current and former UK franchisees, marking one of the largest franchise-related claims to hit a major British company.

Vodafone faces £120 million franchisee legal battle over alleged ‘bad faith’ business practices

10 December 202410 December 2024 News Paul Jones 0 Comments

61 current and former Vodafone franchisees are suing the telecoms giant for more than £120 million, alleging contract breaches, commission cuts, and harsh penalties that pushed some to financial and emotional breaking point.

In a significant setback for the London Stock Exchange’s global standing, Ashtead, one of Britain’s largest equipment hire groups, has announced plans to shift its primary listing to the United States.

Ashtead to shift primary listing stateside, dealing fresh blow to London’s market allure

10 December 2024 News Jamie Young 0 Comments

In a significant setback for the London Stock Exchange’s global standing, Ashtead, one of Britain’s largest equipment hire groups, has announced plans to shift its primary listing to the United States.

Thames Water, the UK's largest water firm, is facing financial challenges due to its massive £18 billion debt burden as the water regulator, Ofwat, has told the firm it must secure additional funding independently, rather than relying on a taxpayer bailout.

Thames Water risks running dry by spring 2025 without £3bn cash lifeline

10 December 2024 News Business Matters 0 Comments

Thames Water, Britain’s largest water supplier, has warned it will exhaust its cash reserves by March 2025 if it fails to secure urgent court approval for a £3 billion financial rescue package.

Fears are mounting for the future of a West Country helicopter factory and its 3,000-strong workforce as the government drags its heels on a much-anticipated £1 billion defence contract.

Thousands of UK jobs at risk as uncertainty grows over vital helicopter contract

10 December 2024 News Jamie Young 0 Comments

Fears are mounting for the future of a West Country helicopter factory and its 3,000-strong workforce as the government drags its heels on a much-anticipated £1 billion defence contract.

Keir Starmer has said he is “fundamentally opposed” to axing or reducing inheritance tax, as he made a landmark speech before a widely-expected general election.

Starmer pushes for Gulf trade deal to revive UK’s pro-business reputation

10 December 202410 December 2024 News Jamie Young 0 Comments

Prime Minister Sir Keir Starmer has travelled to Saudi Arabia amid hopes of securing a long-awaited free trade deal with the Gulf Co-operation Council (GCC), a move that could restore the UK’s bruised pro-business reputation.

What price happiness? The answer might be £3,360 a year, as the average UK worker would take a 10.5% pay cut to work for an employer where staff enjoy “above average” levels of happiness, a study has shown.

UK job vacancies fall at fastest pace since pandemic as business mood darkens

9 December 20249 December 2024 News Business Matters 0 Comments

Discover how UK job vacancies have plunged, marking their steepest decline since August 2020, as business confidence hits a two-year low. Explore the factors driving this hiring slowdown and what it means for the economy.

Chancellor Rachel Reeves is set to call for a “reset” in Britain’s economic relationship with the European Union, arguing that closer ties would help break down barriers to trade and enhance both sides’ growth prospects.

Reeves calls for ‘reset’ with EU to spur UK growth amid global trade tensions

9 December 2024 News Jamie Young 0 Comments

Chancellor Rachel Reeves is set to call for a “reset” in Britain’s economic relationship with the European Union, arguing that closer ties would help break down barriers to trade and enhance both sides’ growth prospects.

new sick pay rules risk dismissals as businesses grapple with rayner’s reforms

New sick pay rules risk dismissals as businesses grapple with Rayner’s reforms

9 December 2024 News Jamie Young 0 Comments

Discover why UK recruiters warn that Angela Rayner’s overhaul of workers’ rights may push employers to sack long-term ill staff, as small businesses struggle with soaring sick pay costs and rising employment burdens.

Donald Trump, facing a substantial fraud fine, might find a lifeline in the stock market through Truth Social, his social media platform. The platform's parent company, Trump Media, is set to go public following a merger with Digital World Acquisition Corp (DWAC).

UK exports under threat as proposed Trump tariffs mirror Brexit impact

9 December 20249 December 2024 News Jamie Young 0 Comments

Proposed trade tariffs by former US president Donald Trump could strike Britain’s goods exports to the United States as hard as Brexit has hit UK sales to the European Union, according to new research.

https://bmmagazine---co---uk.lsproxy.app/news/mulberry-chief-calls-for-tourist-tax-to-be-scrapped-as-london-brands-suffering-as-shoppers-go-elsewhere/

UK private sector growth barely registers in November’s PMI reading

9 December 2024 News Jamie Young 0 Comments

Revised UK PMI data reveal only marginal private sector growth in November. Despite an upward revision, firms warn of tougher trading conditions ahead, citing employment cost pressures, tax hikes, and an uncertain economic outlook.

Chancellor Rachel Reeves is facing pressure from lobbyists representing the UK’s 74,000 non-domiciled residents (non-doms) to scale back her planned tax changes, ahead of her upcoming budget.

UK economy set to contract as business confidence hits two-year low

9 December 2024 News Jamie Young 0 Comments

Discover how business optimism has plunged to its lowest point in nearly two years after Chancellor Reeves’s budget, with analysts warning of an imminent economic contraction, rising costs, and shifting hiring trends affecting UK growth prospects.

A federal appeals court has upheld a law requiring TikTok’s Chinese parent company, ByteDance, to sell the app to a non-Chinese entity by mid-January or face a ban in the United States.

Court upholds law forcing TikTok ban or sale in the United States

6 December 2024 Legal, News, Technology Jamie Young 0 Comments

Federal judges move TikTok closer to U.S. ban as ByteDance faces January deadline

Sainsbury’s warns that unclear tax proposals from the Chancellor are dampening consumer confidence, with shoppers holding off on big-ticket purchases. The supermarket urges clarity ahead of the Budget.

Rachel Reeves urged to approach China talks with pragmatism

5 December 2024 News Business Matters 0 Comments

Renewed UK-China economic dialogue offers opportunity for mutual growth

As a seasoned professional in the field of recruitment, I've had the privilege of witnessing firsthand the transformative impact that gender diversity can have on businesses of all sizes.

Community lenders unlock £1bn to support small firms rejected by banks

5 December 2024 News Paul Jones 0 Comments

Community finance initiative set to transform lending for underserved businesses

Gary Lineker and HMRC settle IR35 dispute out of court

Case closed: HMRC settles £4.9m tax case with Gary Lineker

5 December 2024 Finance, Legal, News Paul Jones 0 Comments

Gary Lineker and HMRC settle IR35 dispute out of court

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Latest Content

There was a moment, somewhere around 1990, when I sincerely believed that the most important thing my mother did each evening was sit down at 9.00pm sharp to watch the news.

Goodbye 11.35pm: Why linear tv’s biggest names are all fleeing to YouTube

From Colbert’s surprise YouTube debut to Piers Morgan’s Murdoch exit and the BBC’s pivot, linear TV is haemorrhaging talent and viewers — and the slot is dead.

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

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

Why growing businesses need a better understanding of KYC and KYB

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