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Latest News:

  • Call blocker firm fined £190,000 for making the nuisance calls it claimed to stop
  • 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

Category: News

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

The number of new cars registered in the UK has jumped by nearly 18% but electric vehicle demand is flatlining, prompting the industry to call for a VAT cut to stimulate sales.

Electric car sales flatline as manufacturers call for VAT cut

5 January 2024 News Business Matters 0 Comments

The number of new cars registered in the UK has jumped by nearly 18% but electric vehicle demand is flatlining, prompting the industry to call for a VAT cut to stimulate sales.

The Yorkshire city of Sheffield is to get a new competitor rail service to London, promising faster travel times than the existing trains.

New London to Sheffield train service planned for 2025

5 January 2024 News Business Matters 0 Comments

The Yorkshire city of Sheffield is to get a new competitor rail service to London, promising faster travel times than the existing trains.

The hospitality sector was one of the hardest hit industries by the pandemic, but even with restrictions being lifted, some restaurants in London are still being forced to close.

Insurer forced to pay thousands of pounds to small firms hit by Covid payout delays

4 January 2024 News Business Matters 0 Comments

One of the world’s largest insurance companies has been forced to pay thousands of pounds in interest to small businesses whose Covid insurance payout claims were delayed.

HSBC has suffered a fresh blow to its green credentials after the UK advertising watchdog banned a series of misleading adverts and said any future campaigns must disclose the bank’s contribution to the climate crisis.

Mortgage rates cut as new year price war intensifies

4 January 2024 News Business Matters 0 Comments

HSBC has become the first leading bank to cut mortgage rates below 4 per cent as a new year price war between lenders gathers pace.

SpaceX has launched the first set of Starlink satellites capable of providing network coverage directly from space to standard smartphones in a service designed to eliminate global “dead zones”.

SpaceX puts direct-to-phone Starlink satellites in orbit to eliminate smartphone ‘dead zones’

4 January 2024 News Business Matters 0 Comments

SpaceX has launched the first set of Starlink satellites capable of providing network coverage directly from space to standard smartphones in a service designed to eliminate global “dead zones”.

Next has raised its profit forecast for the fifth time in less than a year after reporting better-than-expected sales in the run-up to Christmas.

Next raises profit forecast but warns stock could be delayed by Red Sea attacks

4 January 2024 News Business Matters 0 Comments

Next has raised its profit forecast for the fifth time in less than a year after reporting better-than-expected sales in the run-up to Christmas.

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 sets out Labour’s election agenda on Inheritance tax, borrowing, taxes and £28bn green fund

4 January 2024 News Business Matters 0 Comments

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.

Natwest

Government sells off more NatWest shares ahead of Hunt’s Tell Sid-style share sale plan

3 January 2024 News Business Matters 0 Comments

The government has sold 1.03 per cent of its shares in Natwest as it continues to quietly reduce its stake in the bank.

Maersk pauses shipping operations in Red Sea indefinitely after weekend Houthi attack

Maersk pauses shipping operations in Red Sea indefinitely after new attacks

3 January 2024 News Business Matters 0 Comments

Shipping giant Maersk said Tuesday it will pause operations in the Red Sea “until futher notice” after another attack by Iran-backed Houthi rebels in Yemen over the weekend.

Eurostar has received a scolding from the UK’s advertising watchdog after misleading passengers over the price of ticket fares on routes to and from London.

Eurostar misled passengers with £39 fare promotion for European getaways, watchdog rules

3 January 20243 January 2024 News Business Matters 0 Comments

Eurostar has received a scolding from the UK’s advertising watchdog after misleading passengers over the price of ticket fares on routes to and from London.

Rachel Reeves is weighing up plans to offer income tax or national insurance cuts in Labour’s general election manifesto to show that the party is on the side of “opportunity and aspiration”.

Labour is considering tax cuts to become ‘party of opportunity and aspiration’

3 January 2024 News Business Matters 0 Comments

Rachel Reeves is weighing up plans to offer income tax or national insurance cuts in Labour’s general election manifesto to show that the party is on the side of “opportunity and aspiration”.

HSBC’s profits rose 74% in the third quarter as improving economic conditions allowed the bank to release hundreds of millions of pounds originally set aside for a potential jump in loan defaults during the pandemic.

HSBC’s foreign exchange app Zing set to take on Revolut and Wise

3 January 2024 News Business Matters 0 Comments

HSBC is stepping up its battle to lure customers away from digital upstarts such as Revolut and Wise with the launch of a foreign exchange payments app to spend, send and convert international currencies.

Google profits

Pioneering the Future: Google and Cambridge Join Forces for Responsible AI Innovation

3 January 20243 January 2024 News Business Matters 0 Comments

Google and the University of Cambridge have entered a multi-year research partnership focusing on responsible Artificial Intelligence (AI), with the goal of investigating the potential positive impacts on society such as tackling climate change.

eBay

HMRC introducing new side hustle tax targets Britons making money online

2 January 2024 Finance, News Business Matters 0 Comments

With the rise of the gig economy and the increasing number of individuals making money online, the UK government is introducing new measures to tackle tax evasion.

BYD Surpasses Tesla as World's Top Electric Vehicle Manufacturer

BYD overtakes Tesla as world’s top electric vehicle manufacturer

2 January 2024 News Business Matters 0 Comments

China’s BYD has taken the lead over Tesla as the top electric car maker worldwide.

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Latest Content

Foreign Spam Calls

Call blocker firm fined £190,000 for making the nuisance calls it claimed to stop

A company that sold devices promising to protect elderly people from nuisance calls has been fined £190,000 by the ICO for making more than 758,000 of them itself, every one to a number registered with the Telephone Preference Service.

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

Karl D’Angelo Santa Rosa: Building Success Through Change

Why Private Health Insurance Has Never Mattered More to UK Employees

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

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