The UK government will direct £7.4bn annually to small businesses by 2028, setting new departmental targets to boost SME growth and local economies.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Late-paying firms face multimillion-pound fines under new crackdown
Large UK companies face multimillion-pound fines for late payments under new laws, with a 60-day limit and stronger powers for the Small Business Commissioner.
US bans new foreign-made routers over national security fears
The US has banned new foreign-made consumer routers over security concerns, requiring approval for imports amid fears of cyberattacks and espionage.
Companies House disciplines over 100 staff amid compliance concerns
Companies House disciplined 132 staff over compliance breaches in three years, as thousands complete mandatory ethics and fraud training amid rising scrutiny.
Onlyfans owner Leonid Radvinsky dies aged 43
Leonid Radvinsky, billionaire owner of OnlyFans, has died aged 43 after cancer, following years of rapid growth and scrutiny of the platform.
HS2 speeds could be cut as government seeks to rein in spiralling costs
HS2 trains could run slower than planned as ministers explore cost-saving measures on the delayed £100bn rail project between London and Birmingham.
Danone to acquire Huel in €1bn deal as functional nutrition market heats up
Danone has agreed a €1bn takeover of UK nutrition brand Huel, delivering a major payday for founder Julian Hearn and celebrity investors including Idris Elba.
UK borrowing costs hit highest level since 2008 as markets reel from energy shock
UK borrowing costs surge to highest since 2008 as gilt yields hit 5%, driven by energy price spikes and inflation fears linked to Middle East conflict.
Holiday tax could cost 33,000 jobs and £700m in lost revenue, industry warns
A proposed UK holiday tax could cost 33,000 jobs and reduce tourism spending by £1.8bn, with industry leaders warning it would harm growth and competitiveness.
Singapore wealth fund targets £1bn takeover of UK self-storage chain
Singapore’s Temasek, via CapitaLand, has agreed a £1bn deal for Access Self Storage, highlighting strong overseas demand for UK property assets.
Labour to allow 30m wind turbines at schools and hospitals in planning shake-up
Labour will allow 30m wind turbines at schools, hospitals and farms without planning permission, aiming to cut energy bills and boost UK renewables.
Luke Littler moves to trademark his face in bid to combat AI fakes
Darts champion Luke Littler applies to trademark his face to prevent AI deepfakes and counterfeit products, highlighting gaps in UK IP law.
Surge in UK borrowing limits scope for energy bill support as fiscal pressures mount
UK borrowing jumps to £14.3bn, raising concerns over limited government capacity to support households as energy bills rise amid Middle East tensions.
Record-breaking British Steel order secured in £746m UK–Nigeria ports deal
British Steel secures a record £70m order as part of a £746m UK-Nigeria ports deal, supporting UK jobs and boosting trade through major infrastructure investment.
HSBC could cut 20,000 jobs as AI reshapes global banking workforce
HSBC could cut up to 20,000 jobs globally as it embraces AI to streamline operations, signalling a major shift in banking workforce strategy.
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