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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

hazardous chemicals

EU to drop ban of hazardous chemicals after industry pressure

11 July 2023 News Business Matters 0 Comments

The European Commission is poised to break a promise to outlaw all but the most essential of Europe’s hazardous chemicals, leaked documents show.

HMRC’s new penalty regime for late filing and late payments of VAT will be fairer but more complex with interest being charged on all late payments.

New study highlights regional variations in HMRC’s tax investigation priorities

11 July 202311 July 2023 News Business Matters 0 Comments

Businesses across Britain have been put on alert amid rising concerns over HMRC’s determination to increase tax investigations, which can take months to complete and cost thousands of pounds in advisor fees.

Business,People,At,Work,In,A,Busy,Luxury,Office,Space

Hiring by UK firms slows amid ‘lingering economic uncertainty’

10 July 2023 News Business Matters 0 Comments

British businesses are slowing down hiring just as the number of people looking for work rises, according to data that suggested “lingering uncertainty” over the economic outlook.

Twitter Eyes Deal With Musk as Soon as Monday

Twitter traffic sinks in wake of changes and launch of rival platform Threads

10 July 2023 News Business Matters 0 Comments

Twitter’s website traffic is “tanking” according to the chief of internet services company Cloudflare, amid signs users are migrating to alternative platforms such as Threads, BlueSky and Mastodon.

Billionaire Issa brothers backing hydrogen-powered lorry start-up

Billionaire Issa brothers back hydrogen-powered lorry start-up

10 July 2023 News Business Matters 0 Comments

The billionaire brothers who own Asda have invested into a fledgling zero-emission lorry company and plan to create Britain’s first network of hydrogen fuel stations to support the decarbonisation of Britain’s 300,000 heavy goods vehicles.

Office workers are well aware of their colleagues’ bad habits — from smelly food to dramatically loud sneezes.

UK FinTech funding drops 37 per cent

10 July 2023 Get Funded, News Business Matters 0 Comments

UK FinTech funding has dipped in the first half of 2023, as total cash raised by UK fintech firms reached $2.9 billion in the first six months, showing a 37 per cent decrease compared to the later half of last year, according to new figures from industry body Innovate Finance.

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 outline £50bn city reforms to turbocharge SMEs

10 July 2023 News Business Matters 0 Comments

Chancellor Jeremy Hunt will today set out a series of “Mansion House reforms” intended to channel tens of billions of pounds of Britain’s pensions savings into high-growth companies.

especially timely due to the recent interest in technologies such as ChatGPT, which has stimulated awareness of the potential for technologies to be used in knowledge-based work such as law and accountancy

Lancaster researchers awarded £1.8million to help accelerate technology adoption in law and accountancy firms

6 July 20236 July 2023 News Business Matters 0 Comments

Academics from Lancaster University Management School (LUMS) have been awarded a £1.8million grant to accelerate the take up of digital technology amongst UK law and accountancy firms.

China's largest car manufacturer SAIC Motor says it will build its first factory in Europe, after sales of its vehicles on the continent jumped.

Chinese owner of iconic MG car brand to build Europe plant to keep up with demand

6 July 2023 News Business Matters 0 Comments

China’s largest car manufacturer SAIC Motor says it will build its first factory in Europe, after sales of its vehicles on the continent jumped.

British businesses and individuals reported a suspicious email or website every five seconds in 2022, a new report from GCHQ’s National Cyber Security Centre (NCSC).

British businesses report 7.1m scams last year, says NCSC report

6 July 2023 News Business Matters 0 Comments

British businesses and individuals reported a suspicious email or website every five seconds in 2022, a new report from GCHQ’s National Cyber Security Centre (NCSC).

British recorded music exports have defied increasing global competition to grow by a record amount in 2022 as UK artists dominate the year’s biggest global streaming hits.

British recorded music exports defy increasing global competition to reach £700m for first time

6 July 2023 News Business Matters 0 Comments

British recorded music exports have defied increasing global competition to grow by a record amount in 2022 as UK artists dominate the year’s biggest global streaming hits.

The Bank of England has pushed up the cost of borrowing to its highest level in nearly 15 years amid concerns that inflation will persist.

Stubborn UK inflation may lead to 7% interest rates, economists warn

6 July 2023 News Business Matters 0 Comments

The Bank of England may need to push interest rates to as high as 7% to tackle stubbornly high inflation, economists have warned, amid fears the soaring cost of borrowing could drive the economy into recession.

Rail firms have announced plans for the mass closure of England’s ticket offices to “modernise” the railway, ramping up the battle with unions and infuriating disability and passenger groups.

Plans for mass closure of railway ticket offices in England confirmed

6 July 2023 News Business Matters 0 Comments

Rail firms have announced plans for the mass closure of England’s ticket offices to “modernise” the railway, ramping up the battle with unions and infuriating disability and passenger groups.

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 services sector growth drops to slowest pace in three months

6 July 2023 News Business Matters 0 Comments

The services sector expanded at its slowest pace in three months in June, but growth remained resilient despite rising interest rates and economic uncertainty weighing on demand, a closely watched survey has shown.

Supermarket giant Iceland is to close even more stores following a string of closures this year.

Iceland will shut another five stores after closing more than half a dozen already this year

5 July 2023 News Business Matters 0 Comments

Supermarket giant Iceland is to close even more stores following a string of closures this year.

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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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