Chancellor Jeremy Hunt has championed British excellence in tech and called for further investment into the UK tech industry at the World Economic Forum Annual Meeting in Davos.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Sheryl Sandberg to leave board of Facebook parent Meta
Sheryl Sandberg is to step down from the board of Facebook’s parent company, Meta, nearly two years after quitting her executive role at the business.
Apple banned from selling smartwatches over claims it stole medical tech after court rejected tech giant’s appeal banned sales in US
Apple has been forced to stop selling its Apple Watch in the US over claims the devices are running on stolen technology – after a federal court lifted a pause on the ban.
HMRC promotes tax payment plan as self-assessment deadline looms
With the self-assessment tax return deadline looming, HMRC has highlighted that as many as 44,800 taxpayers have already chosen to spread their tax payments via payment plans with the tax office
Mulberry urges government to cancel ‘tourist tax’ as sales continue to fall
Mulberry has blamed a slowdown in demand for luxury spending and a lack of VAT free shopping for a nine per cent decline in sales over the golden quarter.
BT scraps above-inflation price rises for mobile and broadband customers
BT has become the first major telecoms company to scrap controversial above-inflation price rises for mobile and broadband customers – but not before pushing through a final increase this year.
China tells the world it is open to working with foreign investors
China’s economy is open for business to foreign investors, the country’s premier has said, as he extolled the virtues of a rich middle class ready to consume expensive western goods.
UK inflation rate rises unexpectedly to 4%
Inflation in the UK unexpectedly rose for the first time in nearly a year to 4 per cent in December, dampening hopes that the Bank of England will lower interest rates in a matter of months, official figures released today show.
HMRC charged 420,000 late filing penalties over past four Years to people who earned too little to pay tax
Between 2018 and 2022, 420,000 late-filing penalties issued by the tax authority were to people who earned less than the personal tax allowance and therefore owed no tax.
Nearly 250,000 young people are now running businesses
The number of Gen Z directors of UK companies has jumped by 42% in just a year, from 171,000 to 243,000, new research shows.
Government’s free childcare scheme in disarray, charities say
A flagship government childcare scheme is at risk of “falling apart” with parents struggling to access new free hours and nurseries in the dark about if they can afford to provide care, according to charities.
UK companies receive more credit upgrades than downgrades for first time in a decade
UK companies receiving credit upgrades have outweighed downgrades for the first time in a decade, but the improvement could be difficult to sustain.
Startup bank headed by Lord Mandelson raises £25m from investors
The Bank of London, a new clearing bank which boasts Lord Mandelson on the board, has raised £25m from investors after falling to a second annual loss.
Post Office could face £100m bill and insolvency, tax expert says
The Post Office could be facing a £100 million bill and insolvency after claiming tax relief for its compensation payments to subpostmasters, according to a tax expert.
Farmers warn food prices could rise as floods hit crops
Farmers are warning of food price rises and a hit to their livelihoods from persistent flooding.
