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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

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 edges back to 7.7% adding to inflation woes

14 November 2023 News Business Matters 0 Comments

Wages continued to grow at one of the fastest paces on record in the three months to September, underlining that inflation in the UK will take time to return to the Bank of England’s 2 per cent target.

Giving written evidence to the UK Parliamentary Treasury Committee inquiry into SME finance, ACCA set out a gloomy picture of SMEs struggling to access finance.

Industry leaders debate UK’s net zero action plan in Parliament

14 November 2023 News Business Matters 0 Comments

Business chiefs gathered in Parliament last night to discuss the UK’s new roadmap towards achieving net zero.

Oliver Dowden, the deputy prime minister, has highlighted the potential of AI to enhance productivity and streamline mundane tasks.

Make UK investment screening ‘more business friendly’ says deputy PM

13 November 2023 News Business Matters 0 Comments

Deputy Prime Minister Oliver Dowden has announced plans to streamline and enhance the business-friendliness of the UK’s investment screening powers, just under two years since their inception.

David Cameron has suggested that the government cut taxes instead of raising them and warned that there will be a “huge squeeze” on living standards.

Rishi Sunak reshuffle’s cabinet with Cleverly replacing Braverman & David Cameron in as foreign secretary

13 November 2023 News Business Matters 0 Comments

Rishi Sunak has appointed former prime minister David Cameron as foreign secretary as he embarks on a reshuffle of his top team following the sacking of Suella Braverman as home secretary.

Strengthening supply chains is a priority for nearly two thirds of manufacturing pros, according to new research.

Skills shortage holds back UK SMEs

13 November 2023 News Business Matters 0 Comments

A fifth of the UK’s small companies are suffering from skills shortages that prevent them from expanding, according to new research that underlines the longstanding gaps in the labour market.

Europe’s market-leading lorry manufacturer must pay Royal Mail and BT about £20 million as part of a landmark cartel damages ruling that could pave the way for further compensation orders.

Royal Mail fined £5.6m for missed delivery targets

13 November 2023 News Business Matters 0 Comments

Royal Mail has been fined £5.6 million by the regulator for failing to meet its first and second-class delivery targets, in a blow to the postal service which has been hard hit by strikes and has lost business to rivals.

The King’s Speech contains 21 new pieces of legislation including proposals to introduce tougher sentencing laws, a ban on the sale of cigarettes and measures to increase oil production in the North Sea.

UK government and King Charles’ safety concerns highlight the importance of AI ethics

13 November 2023 News Business Matters 0 Comments

While we should undoubtedly proceed with care and caution, underpinning AI deployment with good data allows organisations to balance regulatory and moral risks, says Yohan Lobo, Industry Solutions Manager, Financial Services at M-Files

Natwest Group has cleared former chief executive of misconduct over the fallout of the Coutts debanking scandal.

Natwest clears former chief Alison Rose of misconduct in Farage debanking row

10 November 2023 News Business Matters 0 Comments

Natwest Group has cleared former chief executive of misconduct over the fallout of the Coutts debanking scandal.

Tom Kerridge is leading calls from the hospitality industry for Jeremy Hunt to freeze taxes for pubs and restaurants, warning of mass closures without action.

Tom Kerridge leads calls on Jeremy Hunt to act as pubs and restaurants will shut without tax freeze

10 November 2023 News Business Matters 0 Comments

Tom Kerridge is leading calls from the hospitality industry for Jeremy Hunt to freeze taxes for pubs and restaurants, warning of mass closures without action.

Banks are reducing their appetite to fund small and medium-sized companies, according to brokers handling loan applications.

Banks accused of dragging their feet over fraud refunds

10 November 2023 News Business Matters 0 Comments

Banks have been accused by a senior MP of “dragging their feet” when it comes to refunding victims of fraud.

The government will not reverse post-financial crisis banking regulation, Jeremy Hunt has said, amid growing concerns that Britain is loosening post-Brexit rules for the City.

UK economy to avoid recession this year as GDP growth beats forecasts

10 November 2023 News Business Matters 0 Comments

Britain’s economy topped analysts’ expectations to grow slightly in September putting the UK on course to narrowly escape the risk of a recession this year, according to official figures.

The World Economic Forum has estimated that 150 million new technology jobs will be created globally over the next five years, and 77% of all jobs will require digital skills from workers by 2030.

Government unveils £200m digital skills training package

10 November 2023 News Business Matters 0 Comments

The Government has announced a £200 million digital skills training package to help people across the UK launch careers in growing sectors such as digital, green energy and construction.

NatWest Group is to scrap the bulk of a possible £10 million-plus payout to Dame Alison Rose, its former chief executive, as it draws a line under the debanking row caused by the closure of Nigel Farage’s Coutts accounts.

NatWest cuts Alison Rose’s exit payout by £7.6m after Farage fiasco

10 November 202310 November 2023 News Business Matters 0 Comments

NatWest Group is to scrap the bulk of a possible £10 million-plus payout to Dame Alison Rose, its former chief executive, as it draws a line under the debanking row caused by the closure of Nigel Farage’s Coutts accounts.

Drivers are still not getting a fair price on fuel at the pumps, the UK's competition watchdog has warned.

Fuel prices still cause for concern, warns competition watchdog

9 November 2023 News Business Matters 0 Comments

Drivers are still not getting a fair price on fuel at the pumps, the UK’s competition watchdog has warned.

Bankruptcy

Mortgage arrears up sharply with landlords hardest hit

9 November 2023 News Business Matters 0 Comments

The number of people falling behind on their mortgage payments rose sharply over the summer months, figures from the banking sector show.

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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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