Company insolvencies in England and Wales have jumped, as firms are hit by a slow-growing economy and high interest rates.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Business leaders join PM’s new Business Council to turbocharge economic growth
A new business council has been appointed by the Prime Minister to report from the business frontlines as the Government continues to boost stability and growth in the UK economy.
Foreign Secretary to call for ‘international cooperation’ over AI threat
James Cleverly, the UK Foreign Secretary will today chair the first ever UN Security Council (UNSC) session on Artificial Intelligence (AI).
HMRC says 25% of R&D Tax Relief Scheme Disbursements are Unaccounted For
HM Revenue & Customs has calculated that in the 2020-21 financial year, £1.1 billion was taken due to fraud and mistakes from two separate programs targeting both larger and smaller companies.
Train drivers’ union Aslef announces more industrial action as strikes loom
The train drivers’ union Aslef has announced another week of summer industrial action as its members started a third week-long national overtime ban in England on Monday morning, spelling more disruption for passengers.
Twitter’s ad revenue has slumped by half
Twitter continues to lose money as a result of its advertising revenue falling by almost half and the effects of a heavy debt load, Elon Musk has confirmed.
Financial watchdog investigated by the National Audit Office
The National Audit Office (NAO) has launched an investigation of Financial Conduct Authority’s effectiveness and ability to manage a growing list of responsibilities, including the overseeing of online fraud, crypto and risks surrounding artificial intelligence.
Half of UK company directors struck off linked to alleged Covid loan fraud
More than half of all company directors struck off in Britain in the past 15 months were involved in alleged fraud or abuse of Covid-19 financial support schemes, official figures have revealed.
House prices fall for second month in a row as rising mortgages take toll
House asking prices have fallen for the second month running as rising mortgage costs start to bite.
Sharp rise in companies collapsing as costs soar
Company administrations jumped in the first half of the year as the rising tide of inflation and interest rates claimed more corporate casualties.
Tesco to lead the way on supermarket price cuts by leaning on suppliers
Tesco is pushing suppliers to pass on savings from falling costs as Britain’s biggest supermarket sets out to cut prices more aggressively than its rivals.
Parcel thefts rise from doorsteps as gangs follow courier vans
The number of parcels stolen from front gardens and porches has risen as criminals start following delivery vans.
Kemi Badenoch signs treaty for UK to join Indo-Pacific trade bloc
The business secretary, Kemi Badenoch, has signed off UK membership to a large Indo-Pacific trade bloc that the government argues will bring British businesses a step closer to selling to a market of 500 million people with fewer barriers.
Gatwick Airport staff to strike at start of summer holidays
Almost 1,000 workers at Gatwick Airport, including baggage handlers and check-in staff, will stage eight days of strikes from later this month.
Dame Jayne-Anne Gadhia in talks to sell money-saving app Snoop to Vanquis
Dame Jayne-Anne Gadhia, one of Britain’s most prominent businesswomen, is in advanced talks to sell her money-saving app to Vanquis Banking Group, the consumer lender.
