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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

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Weight-loss drug firm becomes Europe’s most valuable

6 September 2023 News Business Matters 0 Comments

Novo Nordisk, the maker of weight-loss drug Wegovy has become Europe’s most valuable firm, dethroning the French luxury conglomerate LVMH.

People with disabilities could be given "more support" to work from home, under plans announced by the government.

Government proposes changes to disability and illness benefits

6 September 2023 News Business Matters 0 Comments

People with disabilities could be given “more support” to work from home, under plans announced by the government.

tiktok

TikTok opens datacentre in Dublin in bid to combat European privacy concerns

6 September 2023 News, Technology Business Matters 0 Comments

TikTok has begun shifting European citizens’ user data to a newly operational site in Dublin as it moves to address western politicians’ concerns about Chinese state influence over the company.

Car production slumped by 40 per cent in Britain last month as manufacturers grappled with a shortage of semiconductors and Covid disruption

New car market accelerates by nearly a quarter in August

6 September 2023 News Business Matters 0 Comments

The new car market has entered a second year of growth after a strong rise in sales last month but retail demand has softened.

Labour has urged the business secretary to launch legal action against P&O Ferries over its “scandalous” decision to sack 800 workers without warning, which the party said is a criminal offence.

Port of Dover to reclaim land from sea to prevent queues when EU’s biometric border controls system starts

5 September 20235 September 2023 News Business Matters 0 Comments

The Port of Dover wants to build out into the sea to avoid delays when the EU’s planned biometric border controls system starts.

Wilko Faces Administration: A Critical Analysis of the High Street Retailer's Struggles

B&M buys up to 51 stores from collapsed rival Wilko

5 September 20235 September 2023 News Business Matters 0 Comments

Discount chain B&M has agreed to buy dozens of shops from the collapsed retailer Wilko, as talks over a bigger rescue deal hang in the balance.

Middle-class families will be up to £40,000 worse off over the next decade as a result of Jeremy Hunt’s stealth taxes to reduce government borrowing.

Chancellor to set out Autumn Statement on November 22

5 September 2023 News Business Matters 0 Comments

Jeremy Hunt will set out his Autumn Statement on November 22, the Chancellor has told MPs.

Royal Mail is hoping to end Saturday letter deliveries after the postal regulator called for evidence on how its services might change as the popularity of paper post continues to fall.

Royal Mail hopes to end Saturday letter deliveries as Ofcom sees advice on potential £225m savings

5 September 2023 News Business Matters 0 Comments

Royal Mail is hoping to end Saturday letter deliveries after the postal regulator called for evidence on how its services might change as the popularity of paper post continues to fall.

Tourism has always played a crucial role in the growth of the British economy, particularly in the retail sector. However, recent studies suggest that the introduction of a tourist tax, also known as the "tourist tax," is tarnishing Britain's sparkle as a global shopping destination. 

Businesses representing over 1M employees urge Chancellor to restore VAT-free shopping

5 September 20235 September 2023 News Business Matters 0 Comments

Today, leaders from the travel, retail and hospitality sectors have written to the Chancellor urging him to immediately restore VAT-free shopping for international tourists.

tata steel

Tata Steel close to securing £500m funding from UK government to safeguard Port Talbot site

4 September 20234 September 2023 News Business Matters 0 Comments

The government is in advanced talks with the country’s largest steel producer, Tata Steel, over a £500m package to secure its long-term future in the UK, according to reports.

The government borrowed £151.8 billion in the year to March,though the figure was less than half that borrowed in the first year of the pandemic

Retailers demand reform of ‘broken’ business rates

4 September 2023 News Business Matters 0 Comments

Retailers have long demanded changes to the business rates system, which many regard as an unfair tax, out of step with modern shopping, but rarely has the clamour been as loud as it is today.

HMRC

Multinationals companies pay £70m under tax crackdown

4 September 2023 News Business Matters 0 Comments

Foreign multinationals paid £70 million in additional tax in Britain last year amid a crackdown on international companies diverting profits to lower-tax jurisdictions.

The UK has "no alternative" but to hike interest rates in a bid to tackle rising prices, the chancellor has said.

UK business optimism at 18-month high as hope interest rate hikes will be paused

1 September 202320 September 2023 News Business Matters 0 Comments

In recent times, UK businesses have exhibited the highest level of confidence since before the Russian invasion of Ukraine, according to a new survey.

Microsoft unbundles Teams from Office after EU threat

Microsoft unbundles Teams from Office after EU threaten antitrust fine

1 September 2023 News, Technology Business Matters 0 Comments

Microsoft will unbundle Teams, the chat and video messaging app, from its Office software package in an effort to stave off a potential antitrust fine in the European Union.

Wilko’s administrators have halted immediate redundancies for the chain’s 12,000-strong workforce amid claims from the staff union that bidders for the business have faced “difficulties” in negotiations.

HMV tycoon Doug Putman in last-ditch talks to rescue Wilko

1 September 2023 News Business Matters 0 Comments

The Canadian tycoon behind HMV was last night finalising a deal to buy the majority of Wilko, the collapsed British homewares retailer.

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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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