HMRC faces pressure to publish withheld offshore tax avoidance figures after delaying their release during the election campaign.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Cineworld to close dozens of cinemas in bold restructuring plan
Cineworld plans to close 25% of its UK cinemas and negotiate rent cuts at 50 more as part of a radical restructuring plan, affecting thousands of employees.
US economy adds 206,000 jobs in June as labour market shows signs of cooling
The US economy added 206,000 jobs in June, indicating a slight cooling in the labour market. Unemployment rose to 4.1%, its highest in over two years. Discover the implications for future interest rate decisions and economic policies.
Shops and restaurants poised for consumer spending boost with labour win and major sports events
Shops and restaurants are set for a boost in consumer spending following Labour’s election win and major sports events, including England’s Euro 2024 match and Andy Murray’s Wimbledon swan song. Discover the economic impact of these events on the UK.
Jonathan Reynolds appointed as new business minister amid calls for SME support
Jonathan Reynolds has been appointed as the UK’s new Business Minister after Labour’s election win. The National Enterprise Network urges him to support small businesses and deliver on Labour’s economic pledges.
Business owners across the UK comment on Labour’s landslide win
Does Labour’s ‘Change’ manifesto cut the mustard for UK business owners?
What businesses can expect from the new Labour government
Explore what businesses can expect from the new Labour government under Sir Keir Starmer, including plans for Thames Water, Royal Mail, Port Talbot, and reforms to business rates. Discover how these changes will impact the UK’s business landscape.
Jeremy Hunt narrowly retains Surrey seat by 900 votes
Jeremy Hunt narrowly retains his Surrey seat by 900 votes, defying predictions of a historic loss.
Dragons’ Den star Peter Jones’ camera chain Jessops faces closure over unpaid taxes
Jessops, the camera retailer owned by Dragons’ Den star Peter Jones, faces closure over unpaid taxes. Discover the financial challenges and the future of this iconic brand amidst the rise of smartphone photography.
UK car market sees first million sales since pandemic, driven by hybrids over fully electric vehicles
The UK car market has reached a significant milestone, with new car registrations surpassing one million in the first half of 2024, the first time this has happened since before the pandemic in 2019.
Google’s emissions surge 48% in five years due to AI expansion
Google’s greenhouse gas emissions have surged 48% over five years, driven by energy-intensive AI data centres. As emissions reach 14.3 million metric tons, the tech giant faces scrutiny over sustainability.
Sustainable Ventures invests 12 times more in female-founded startups than industry average
Sustainable Ventures, Europe’s leading climate tech hub, invests 12 times more in female-founded startups than the industry average. Celebrating its 50th investment, the firm has committed 23% of its funding to female founders, driving success with a unique support model and focus on diverse founders.
Next UK government to benefit from easing inflation and fuel prices
The next UK government is set to benefit from easing inflation and falling fuel prices, providing some relief to household finances. Shop price inflation slowed to 0.2%, and petrol prices dropped for the second month, though costs remain high for many families.
Northvolt may scale back expansion plans following setbacks
Northvolt, Europe’s key battery maker, may scale back its expansion plans due to setbacks at its Swedish gigafactory and BMW’s cancellation of a €2bn contract. The strategic review could delay new factories in Canada, Germany, and Sweden.
Northern Ireland economy faces uncertainty with double blow
Unions, politicians, and business leaders in Northern Ireland are expressing significant concerns over the economic impact following major developments with two of the region’s leading employers.
