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Latest News:

  • Britain’s 240 crypto millionaires revealed in first HMRC cryptoasset tax data
  • EY urges junior staff back to the office as AI puts a premium on human skills
  • Young investors trust AI more than TV, radio or influencers, FCA finds
  • UK business confidence rebounds but firms want policy certainty first
  • Balcony solar panels reach UK shelves with promise of £110 a year off bills
  • Applied Nutrition closes in on £1bn valuation after raising guidance for third time this year
  • One of Britain’s oldest family firms to save £250,000 a year as energy scheme opens to forges
  • Burnham signals more energy bills support in budget as price cap rises 4 per cent
  • OnlyFans owner dividends topped $700m before his death
  • TikTok UK legal bill tops $1bn as regulators close in

Category: News

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

Train drivers have voted to continue taking strike action for the next six months as part of a long-running dispute over pay.

Christmas rail travel at risk as staff shortages and strikes loom

11 December 2024 News Jamie Young 0 Comments

Travel plans over the festive season are under threat as the UK’s rail minister warns of staff shortages and fresh strike action by Avanti West Coast train managers.

Over half of people in poverty are finding it difficult to pay for their insurance amidst the cost-of-living crisis – leading some to give up insurance as they prioritise food and energy bills, new report warns today.

Energy bills likely to inch higher from April as gas costs climb again

11 December 2024 News Jamie Young 0 Comments

Rising wholesale gas prices and network charges could push UK household energy bills to £1,762 under April’s price cap, piling more pressure on consumers amid volatile global markets.

The Bank of England is expected to reduce interest rates significantly faster than financial markets currently anticipate, according to new forecasts from Goldman Sachs.

Pound hits 20-month high against Euro as ECB rate cuts loom

11 December 2024 News Jamie Young 0 Comments

Sterling strengthened to its highest level against the euro in nearly two years on Tuesday, climbing by 0.3 per cent to reach €1.21.

Companies House

HMRC under fire as thousands of ‘bogus’ Chinese companies exploit lax rules to dodge VAT

11 December 2024 News Jamie Young 0 Comments

HM Revenue & Customs (HMRC) has come under renewed scrutiny for what critics describe as a failure to clamp down on widespread tax evasion by thousands of Chinese “burner” companies.

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.

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Latest Content

The UK has emerged as one of the major hubs for crypto adoption, with over 7 million adults (around 12% of the population) owning digital assets.

Britain’s 240 crypto millionaires revealed in first HMRC cryptoasset tax data

The first HMRC figures on crypto capital gains show 240 people declared more than £1 million each in the 2024 to 2025 tax year, as new international rules prepare to hand customer records from crypto exchanges to the taxman from 2027.

EY urges junior staff back to the office as AI puts a premium on human skills

Young investors trust AI more than TV, radio or influencers, FCA finds

UK business confidence rebounds but firms want policy certainty first

Balcony solar panels reach UK shelves with promise of £110 a year off bills

Applied Nutrition closes in on £1bn valuation after raising guidance for third time this year

One of Britain’s oldest family firms to save £250,000 a year as energy scheme opens to forges

Burnham signals more energy bills support in budget as price cap rises 4 per cent

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