UK retailers warn of inevitable price hikes as budget measures add £7 billion in costs. Discover how national insurance increases, wage rises, and new levies are set to impact shoppers and businesses.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Millions of UK tourists could face new visitor levies as councils seek to fund services
UK councils consider visitor levies to tackle over-tourism and fund services. Discover how the proposed charges aim to support sustainability and improve infrastructure in popular destinations.
Enforced office mandates drive workers to seek flexible roles
A surge in job applications highlights dissatisfaction with strict return-to-office mandates. Discover why hybrid working is crucial for retaining top talent and staying competitive in the job market.
Putin poised to unleash cyber attacks on UK, minister warns
The UK faces an imminent threat of crippling cyber attacks from Russia, capable of “turning out the lights for millions,” a senior minister will warn at a NATO cyber defence conference in London.
UK Companies Slash Hiring Plans Following Reeves’s Tax Increases
Nearly two-thirds of UK companies are set to scale back hiring plans in response to the Chancellor’s £40bn tax hike, according to new polling by the Confederation of British Industry (CBI).
Salaries in the UK Rise at Fastest Rate in Three Years Amid Christmas Hiring Surge
UK salaries rise at the fastest rate in three years amid Christmas hiring, with average advertised salaries up 6%. Competition intensifies as job seekers per vacancy reach highest level since 2021, and green job adverts surge.
British pension savers set to benefit from Trump’s pro-business policies
British pension savers stand to gain from Trump’s pro-growth policies as US markets surge, boosting funds invested in American assets. Meanwhile, Rachel Reeves’s proposed pension reforms aim to create £80bn “megafunds” to drive UK investment.
Italy, Abu Dhabi, and Cyprus Court Britain’s Wealthy Amid Non-Dom Tax Changes
Countries like Italy, Abu Dhabi, and Cyprus are courting Britain’s wealthy non-doms following the UK’s decision to abolish the non-dom tax status, leading to a potential exodus of high-net-worth individuals.
AI Tools Enhance Productivity Without Reducing Jobs, Say European Start-Ups
European tech start-ups report that AI tools boost productivity without causing job losses, according to an Index Ventures study, with companies using AI to enhance roles and address labor shortages.
Business Owners Criticise Tax Hikes, Urge Chancellor Not to Hinder Growth
Business owners criticize recent tax hikes, including increased employer National Insurance contributions and inheritance tax on family firms, urging the government not to hinder growth and investment.
Thousands of Over-50s Embrace Second Careers to Pursue New Passions
An increasing number of over-50s are launching second careers in new fields, contributing to workforce growth and redefining retirement.
Royal Mail warns of £120 million cost increase due to National Insurance rise
Royal Mail warns of a £120 million cost increase due to the rise in employer National Insurance contributions, adding pressure to the loss-making business and prompting calls for urgent universal service reform.
John Lewis CEO criticises Rachel Reeves over ‘two-handed’ tax increase
John Lewis CEO Nish Kankiwala criticizes Chancellor Rachel Reeves over increased National Insurance and delayed business rates reform, joining retailers’ backlash against the Budget’s impact on costs.
Tax revenues rise £24bn, offering government optimism amid budget backlash
HM Revenue & Customs (HMRC) has reported a significant increase in tax receipts, providing a much-needed boost to the government following criticism over the recent budget.
Santander UK sets aside £295m for car finance scandal
The brewing controversy over mis-sold car loans has forced Santander UK to set aside £295 million to potentially compensate aggrieved motor finance customers.
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