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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

Barclays plans to launch a string of “banking pods” after recently announcing more branch closures.

Barclays announces closure plans for 14 more banks this year

14 July 2023 News Business Matters 0 Comments

Barclays is set to close 14 more banks over the coming months it has been revealed today.

Workers at Amazon’s Coventry warehouse have voted to take a further six months of strike action, despite failing to win formal union recognition from the tech company.

High court quashes rules letting agency workers cover for UK strikers

14 July 2023 News Business Matters 0 Comments

Legal changes brought by the government to let agency staff fill in for striking workers have been quashed by the high court, with ministers’ approach to the policy being labelled “irrational”.

It’s no secret that AI is a trending topic hot on many organisations’ agendas and strategies. However, with the release of ChatGPT, and Machine Learning continuously evolving, cybersecurity service providers, ramsac, are advising businesses not to blindly jump in with AI.

More than a quarter of UK adults have used generative AI

14 July 2023 News Business Matters 0 Comments

More than a quarter of UK adults have used generative artificial intelligence such as chatbots, according to survey showing that 4 million people have also used it for work.

Rishi Sunak is to hold talks with supermarket bosses, trade bodies and farmers this month to address concerns over surging food prices and wider industry issues.

Sunak offers 6% pay rise to millions of public sector workers

14 July 2023 News Business Matters 0 Comments

Millions of public sector workers will be given a pay rise of at least 6%, but government departments have been told to fund the rise from within existing budgets.

Elon Musk is considering cutting Twitter’s workforce by almost 75 per cent, as the deadline for his $44 billion takeover of the social media group edges closer.

Elon Musk accused of owing $500m in Twitter severance

13 July 2023 News Business Matters 0 Comments

A former human resources boss at Twitter has accused the company of failing to pay roughly $500m (£385m) in severance pay owed to former staff of the company.

General Data Protection Regulation (GDPR) established by the European Union is a formidable legal framework designed to regulate the processing and transfer of personal data across member states.

GDPR fines hit €1.5 billion in first half of 2023

13 July 2023 Legal, News Business Matters 0 Comments

General Data Protection Regulation (GDPR) established by the European Union is a formidable legal framework designed to regulate the processing and transfer of personal data across member states.

The head of the Financial Conduct Authority has said that artificial intelligence could disrupt the financial services sector in “ways and at a scale not seen before”, warning that the regulator would be forced to take action against AI-based fraud.

FCA warns financial services firms over AI fraud

13 July 2023 News Business Matters 0 Comments

The head of the Financial Conduct Authority has said that artificial intelligence could disrupt the financial services sector in “ways and at a scale not seen before”, warning that the regulator would be forced to take action against AI-based fraud.

Work is creating an epidemic in poor mental health according to new polling commissioned by Workwhile, with more than half of Brits – 57 per cent – concerned that their mental health is suffering because of the demands of their jobs.

Crisis in working conditions making Brits ill

13 July 2023 News Business Matters 0 Comments

Work is creating an epidemic in poor mental health according to new polling commissioned by Workwhile, with more than half of Brits – 57 per cent – concerned that their mental health is suffering because of the demands of their jobs.

A new global company being launched by French motor giant Renault and Chinese carmaker Geely is set to have its headquarters in the UK.

New Renault-Geely engine firm to have headquarters in UK

12 July 2023 News Business Matters 0 Comments

A new global company being launched by French motor giant Renault and Chinese carmaker Geely is set to have its headquarters in the UK.

Rishi Sunak is to hold talks with supermarket bosses, trade bodies and farmers this month to address concerns over surging food prices and wider industry issues.

Sunak says no to tax cuts before next election – as he sets out ‘overriding priority’

12 July 2023 News Business Matters 0 Comments

Rishi Sunak has hinted there will be no tax cuts on offer from the government before the next general election, as his party faces three by-elections next week.

JP Morgan Chase is suing Tesla for $162m (£121m) over tweets in 2018 by boss Elon Musk that he could take the electric car maker private.

Tesla set to sell electricity in Britain

12 July 2023 News Business Matters 0 Comments

Tesla is preparing to shake up the British energy market by launching a retail provider and selling electricity to households.

Representatives from across the private sector have gathered at 10 Downing Street to update the government on progress made to tackle fraud and protect the public from scams.

UK security minister announces fraud crackdown

12 July 2023 News Business Matters 0 Comments

Representatives from across the private sector have gathered at 10 Downing Street to update the government on progress made to tackle fraud and protect the public from scams.

Threads will add an alternative home feed of posts as part of a series of updates to the new social media app after users complained.

Meta plans feed for Threads after users complain

11 July 2023 News, Technology Business Matters 0 Comments

Threads will add an alternative home feed of posts as part of a series of updates to the new social media app after users complained.

Technology bosses accused the government of being “distracted” after the minister who was due to launch the long-delayed semiconductor strategy this week confirmed that he was considering running as mayor of London.

Digitisation of trade docs would save firms £1.1bn and put UK ‘ahead of G7 and most the world’

11 July 2023 News Business Matters 0 Comments

Businesses are expected to save £1.1 billion over 10 years through a proposed change in the law that will allow for greater digitalisation of documents used in international trade, a minister has said.

A senior Bank of England policymaker has warned the central bank could be forced to keep raising interest rates to prevent high levels of inflation from becoming entrenched in the economy.

Record wage growth could see another interest rate rise from Bank of England

11 July 2023 News Business Matters 0 Comments

It seems strange to cheer what economists call a “loosening in the labour market”. 

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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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