Mike Ashley’s Frasers Group is in talks to sell its Missguided clothing brand to online fashion giant Shein.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Government announces £600,000 of new compensation for every wrongfully convicted Postmaster
Every postmaster whose conviction relied on Horizon evidence and has now been overturned will be offered £600,000 to settle their claim
Sir Keir Starmer will seek “much better” Brexit deal with EU if Labour wins next general election.
Sir Keir Starmer has said he will seek a “much better” Brexit deal with the EU if Labour wins the next general election.
Frasers CEO calls for urgent reform of ‘outdated’ business rates regime
The boss of Frasers Group, Michael Murray, has described the business rates regime as a “disaster” and urged the government for an immediate overhaul of the system.
Liz Truss urges government to cut taxes one year on from disastrous mini-budget
Former prime minister Liz Truss has made a speech on the economy this morning urging the government to cut taxes in a speech one year after her disastrous mini-budget.
Pub closures rise sharply highlighting planned business rate change could decimate sector
The number of pubs in England and Wales that shut their doors for good rose sharply in the first half of 2023, prompting warnings to the government that planned rises in business rates could force further closures in the beleaguered sector.
CBI to seek £3m from members within days to avoid financial collapse
The Confederation of British Industry (CBI) risks financial oblivion unless it can convince its remaining members to stump up £3m within the next few days, according to reports.
TikTok fined £296m by watchdog over how it processed children’s data
TikTok has been fined 345 million euro (£296 million) by Ireland’s data watchdog following an investigation into how the social media platform processed children’s data.
Former Kemi Badenoch advisor says conservative Government ‘does not know, nor really care’ about business issues
A former special adviser to Kemi Badenoch has slammed her former boss and the government’s wider business strategy, saying the Secretary of State and her department “do not know, nor really care” about business issues.
Train drivers announce eight more strike and travel disruption days
Train drivers have announced two more strikes as part of a long-running dispute over pay and conditions.
Port Talbot Tata Steel steelworks given £500m by UK government but 3,000 jobs could still be lost
Port Talbot’s steelworks will be given up to £500m by the UK government in a bid to keep the plant open and produce steel in a greener way.
HMRC poised to scrap ‘double taxation’ of IR35 in welcome move for contractors and their clients
Contractors and their clients alike have welcomed the news that HMRC is on the verge of scrapping the controversial ‘double taxation’ of IR35 under the off-payroll working rules – in a positive development for contractors who have had their contracts cancelled as a result of these rules.
House price fall is worst in 14 years
House prices are falling at their fastest rate since 2009, according to the latest poll of surveyors.
101 new businesses were created every hour across the UK in first half of 2023
Despite a challenging economic environment, 101 new businesses were created every hour across the UK in the first half of 2023, according to new.
UK cash payments rise for the first time in a decade
The rise of contactless card payments has brought the slow demise of old-fashioned notes and a pocket full of change, or so we thought. But it turns out cash is back as Britons try to manage tighter budgets in the cost of living crisis.
