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Latest News:

  • Burnham’s business rates adviser called for £9bn tax cut for high streets
  • Colman’s Mustard put up for sale as Unilever clears path for £48bn McCormick merger
  • 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

Category: News

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

Rachel Reeves has indicated that the government is considering inflation-busting pay increases for millions of public workers, despite Treasury warnings that such a move could result in an £8 billion fiscal deficit ahead of her first budget this autumn.

Reeves hints at inflation-busting pay rise for public workers amid £8 billion fiscal challenge

22 July 2024 News Business Matters 0 Comments

Rachel Reeves hints at significant pay increases for public workers, potentially leading to an £8 billion fiscal gap before the autumn budget. Learn more about the economic implications and government plans.

Business and Trade Secretary Jonathan Reynolds has announced over £100 million in government-industry funding to support pioneering green aerospace technology projects, marking the launch of the 2024 Farnborough Airshow.

Business and Trade secretary unveils £103M investment for greener air travel at Farnborough Airshow

22 July 202422 July 2024 News Business Matters 0 Comments

The UK government announces £103 million in funding for green aerospace projects, supporting sustainable aviation and high-wage jobs across the UK.

Wells Fargo dismisses staff for using mouse jigglers to simulate keyboard activity and deceive the firm about their work productivity, amid increasing surveillance of remote workers.

Mid-sized firms set their sights on growth, planning £3m investment over five years

22 July 202422 July 2024 News Business Matters 0 Comments

UK Mid-Sized Firms Plan £3 Million Investment for Expansion Over Five Years

S&P Global has issued a stark warning about the UK’s fiscal outlook, highlighting the nation's high debt levels as a significant weakness for its sovereign debt status.

Businesses rush to sell ahead of potential Labour tax hikes

22 July 2024 News Business Matters 0 Comments

The number of UK mergers and acquisitions has surged by 71% as business owners rush to sell ahead of potential tax increases under a Labour government. Learn more about the impact of proposed capital gains tax changes.

Merchant cash advances, also known as business cash advances, are one of the best ways to help support your small business financially.

Transforming Procure-to-Pay with AI: A Deep Dive into Zycus’ Innovative Solutions

22 July 202423 July 2024 News Business Matters 0 Comments

In the rapidly evolving landscape of procurement, Artificial Intelligence (AI) is not just a trend but a transformative force that is reshaping the procure-to-pay (P2P) processes.

China posted a record trade surplus of $99 billion last month, the highest in over two decades, as it continued to drive export growth despite looming tariff threats from Donald Trump.

China’s exports surge, pushing trade surplus to $99bn amid tariff threats

19 July 2024 News Business Matters 0 Comments

China posted a record trade surplus of $99 billion last month, the highest in over two decades, as it continued to drive export growth despite looming tariff threats from Donald Trump.

S&P Global has issued a stark warning about the UK’s fiscal outlook, highlighting the nation's high debt levels as a significant weakness for its sovereign debt status.

Rachel Reeves champions benefits of China trade as UK maintains open economy stance

19 July 2024 News Business Matters 0 Comments

Rachel Reeves has underscored the advantages of trading with China, indicating that the UK government is unlikely to implement punitive tariffs on imports from the world’s second-largest economy.

The governor of the Bank of England has acknowledged the challenges faced by policymakers due to unreliable data, expressing a desire for more accurate figures on the unemployment rate.

Pound surges as interest rate cut expectations fade

18 July 202418 July 2024 News Business Matters 0 Comments

The pound hits a one-year high as traders lower their expectations for a Bank of England rate cut next month, following persistent inflation data. The MPC faces a crucial decision on August 1 amidst signs of a cooling labour market and rising bond yields.

Businesses across the board have been urged to prepare for requests from employees to offer a four-day working week, after 7 in 10 (69%) of workers said they intend to ask their employer to embrace the initiative.

UK wage growth slows to two-year low amid cooling labour market

18 July 202418 July 2024 News Business Matters 0 Comments

UK wage growth slows to its weakest pace in two years, suggesting a cooling labour market as the Bank of England mulls over a potential interest rate cut next month. Unemployment remains steady while vacancies and employment rates dip.

Canary Wharf's HSBC skyscraper will be radically transformed from an office block into a tourist hub, featuring terraces with stunning London views. The redevelopment aims to create a vibrant mixed-use neighbourhood, as HSBC relocates in 2027.

Radical transformation planned for HSBC skyscraper in Canary Wharf as bank returns to Square Mile

18 July 2024 News Business Matters 0 Comments

Canary Wharf’s HSBC skyscraper will be radically transformed from an office block into a tourist hub, featuring terraces with stunning London views. The redevelopment aims to create a vibrant mixed-use neighbourhood, as HSBC relocates in 2027.

In a world where rhetoric is as valued as policy, one might expect a regal missive such as the King’s Speech to brim with assurances and incentives for our nation's entrepreneurial spirits.

Labour to launch state-owned Great British Energy with £8.3bn market intervention

18 July 2024 News Business Matters 0 Comments

Labour launches state-owned Great British Energy with an £8.3bn budget, marking a significant market intervention. The initiative aims to boost energy independence, create jobs, and accelerate the green transition. Labour also unveils major railway reforms and plans for gradual train operator nationalisation.

King Charles unveils Sir Keir Starmer’s comprehensive plan for Britain, covering border security, renters' rights, and more. Discover key pledges and what’s missing from the King’s Speech.

Starmer’s vision for Britain: key pledges and missing pieces from the King’s Speech

17 July 2024 News Business Matters 0 Comments

King Charles unveils Sir Keir Starmer’s comprehensive plan for Britain, covering border security, renters’ rights, and more. Discover key pledges and what’s missing from the King’s Speech.

Taylor Swift’s Eras tour in the UK

UK inflation remains at 2% as hopes for early interest rate cut diminish

17 July 2024 News Business Matters 0 Comments

The Office for National Statistics (ONS) has reported that the UK’s inflation rate remained steady at 2% in June, matching economists’ expectations and the Bank of England’s forecasts.

Jaguar Land Rover to ramp up EV production with £15bn investment

Jaguar cuts petrol cars as it changes gear to an electric era

16 July 2024 News Business Matters 0 Comments

Jaguar to end production of most petrol cars by year-end, retaining only the F-Pace SUV as it shifts to an all-electric future. New electric models to debut next year, signalling a major transformation for the luxury brand.

State schools are experiencing a significant increase in pupil enquiries as parents prepare for a potential tax hike on private school fees.

State schools see surge in applications as parents anticipate private school tax hike

16 July 2024 News Business Matters 0 Comments

State schools are experiencing a significant increase in pupil enquiries as parents prepare for a potential tax hike on private school fees.

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Andy Burnham's new business rates adviser has previously called for up to £9bn of tax cuts for businesses, arguing the levy had become an "increasingly excessive burden" on firms.

Burnham’s business rates adviser called for £9bn tax cut for high streets

The man appointed by Andy Burnham to lead the business rates review for pubs and hotels has previously called for the tax to be cut by up to £9bn a year, giving a strong hint of the scale of reform he may put in front of the Prime Minister next March.

Colman’s Mustard put up for sale as Unilever clears path for £48bn McCormick merger

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

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