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Latest News:

  • Brent Crude jumps back to $99 as US strikes on Iran knock the wind out of peace talks
  • Lidl leapfrogs Morrisons to become Britain’s fifth-biggest supermarket
  • 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

Category: News

The latest news affecting small and medium sized (SME) businesses in the UK

Seventeen UK businesses, including Crate Brewery in Hackney and the British Society for Immunology, are launching a six-month trial of the four-day working week with over 1,000 employees participating.

More than 1,000 UK employees trial four-day working week without pay cut

4 November 2024 News Jamie Young 0 Comments

Over 1,000 employees across 17 UK businesses start a six-month trial of the four-day workweek with no reduction in pay, aiming to boost work-life balance and productivity.

The Treasury's bank referral scheme, intended to increase finance access for small businesses, has come under heavy scrutiny after a recent review revealed it has secured loans for only one in twenty companies referred.

Treasury’s bank referral scheme falls flat, securing loans for only 1 in 20 small businesses

4 November 2024 News Jamie Young 0 Comments

n official review brands the Treasury’s bank referral scheme a “total failure,” with only 5% of referred small businesses securing finance. Discover the challenges impacting SME lending in the UK.

Rachel Reeves confirmed the VAT measure

Private schools to launch legal action against VAT on fees, calling policy ‘discriminatory’

1 November 2024 News Business Matters 0 Comments

Private schools plan to sue Labour over VAT on fees, arguing it discriminates against special-needs and arts-focused institutions. Learn more about the legal challenge and its potential impact.

Begbies Traynor, one of Britain's leading corporate restructuring firms, anticipates a rise in the number of businesses facing financial distress in the coming months due to the recent budget changes.

Budget 2024: Record £40bn tax hike set to slow UK economic growth, warns OBR

30 October 2024 News Business Matters 0 Comments

Chancellor Rachel Reeves’s £40bn tax increase, including hikes in National Insurance and Capital Gains Tax, is projected to slow the UK’s economic growth. Discover the implications for businesses, investors, and growth prospects.

Google’s Irish subsidiary has agreed to pay €218m (£183m) in back taxes to the Irish government, according to company filings.

Russia fines Google $20 Decillion – more than all the money in the world – in escalating sanctions dispute

30 October 202430 October 2024 News Paul Jones 0 Comments

In an unprecedented move, a Russian court fines Google $20 decillion over YouTube bans on pro-Kremlin channels. Discover the astronomical figure’s backstory and Google’s response.

Rachel Reeves to deliver first Labour Budget in 14 years

Rachel Reeves first Labour Budget in 14 years in detail

30 October 202430 October 2024 News Business Matters 0 Comments

Rachel Reeves announces the first Labour budget in 14 years, and the first to be delivered by a female Chancellor.

Rachel Reeves is expected to make climate change a core priority for the Bank of England in her first Budget as Chancellor, calling on Governor Andrew Bailey to give environmental concerns the same weight as economic growth.

Reeves pushes Bank of England to prioritise climate change alongside economic growth

30 October 2024 News Jamie Young 0 Comments

In her maiden Budget, Chancellor Rachel Reeves will urge the Bank of England to prioritise climate change on par with economic growth, reversing Jeremy Hunt’s 2023 decision. Learn how this shift could impact UK policy.

The London Stock Exchange has ended the year trailing rival markets in Europe and the US, as a stagnating economy and a volatile political climate deterred investment and cast a shadow over the nation’s economic prospects.

Investors pull £300m from UK stocks amid inheritance tax fears

30 October 2024 News Jamie Young 0 Comments

With speculation mounting over an inheritance tax raid in the Budget, investors are withdrawing funds from UK stocks, particularly small and mid-cap firms. Discover how Budget uncertainty is impacting UK equity markets.

In the ever-evolving landscape of the hospitality industry, digital transformation and technology have emerged as pivotal forces driving innovation and growth.

UK minimum wage to rise to £12.21 in 2025

30 October 2024 News Jamie Young 0 Comments

The UK’s minimum wage will increase to £12.21 in April 2025, benefiting over three million workers. However, businesses warn the hike could impact hiring, investment, and consumer prices.

Shop price inflation in the UK drops to its lowest level in over three years, with food prices falling as interest rate cuts loom. Discover how economic shifts are impacting UK retailers and consumer spending.

UK shop price inflation falls to three-year low as food prices ease

30 October 202430 October 2024 News Jamie Young 0 Comments

Shop price inflation in the UK drops to its lowest level in over three years, with food prices falling as interest rate cuts loom. Discover how economic shifts are impacting UK retailers and consumer spending.

In the wake of a landmark Appeal Court ruling, the UK car finance industry is grappling with significant disruption as major lenders temporarily suspend new finance deals.

UK car finance industry faces major disruption as lenders halt deals over commission ruling

30 October 2024 News Jamie Young 0 Comments

The UK car finance industry faces turmoil after a landmark court ruling on commission disclosure. Major lenders pause credit services, raising fears of significant market disruption and possible financial fallout for banks.

For the second year running, delivery firm Evri has been named the UK’s worst-performing parcel delivery company, with nearly half of its customers reporting issues.

Evri named UK’s worst delivery service as nearly half report issues

28 October 2024 News Jamie Young 0 Comments

Evri has been rated the UK’s worst delivery company for the second consecutive year, with 44% of customers reporting service issues, according to Ofcom’s latest review.

Jeremy Hunt accuses the OBR of political bias over the timing of its review on budget day, scrutinising the past government’s transparency with the fiscal watchdog.

Jeremy Hunt criticises OBR for timing of review release on budget day

28 October 2024 News Jamie Young 0 Comments

Jeremy Hunt accuses the OBR of political bias over the timing of its review on budget day, scrutinising the past government’s transparency with the fiscal watchdog.

The bus fare cap in England will increase to £3, up from £2, as announced by Prime Minister Sir Keir Starmer. The new cap will take effect until the end of 2025, impacting millions of bus users.

Bus fare cap to rise to £3 across England under new budget plan

28 October 2024 News Jamie Young 0 Comments

The bus fare cap in England will increase to £3, up from £2, as announced by Prime Minister Sir Keir Starmer. The new cap will take effect until the end of 2025, impacting millions of bus users.

DTJF_HBOS_1_.jpg HBOS Scotland

Doubts grow over release of long-awaited HBOS scandal report as Lloyds resists full disclosure

28 October 202428 October 2024 News Jamie Young 0 Comments

The long-delayed HBOS scandal review, examining Lloyds Banking Group’s handling of a £1 billion fraud, faces uncertainty as the bank declines to commit to releasing the full report, raising transparency concerns.

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Latest Content

Britain risks becoming heavily dependent on US gas imports within the next decade, prompting renewed calls for increased North Sea production to safeguard energy security.

Brent Crude jumps back to $99 as US strikes on Iran knock the wind out of peace talks

Brent crude climbs 3% to $99 a barrel after US air strikes on Iran shake fragile ceasefire talks. UK small businesses brace for renewed fuel, energy and inflation shock.

Lidl leapfrogs Morrisons to become Britain’s fifth-biggest supermarket

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

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

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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