The Treasury is almost £2 billion in profit on loans it made under the Help to Buy house purchase scheme, which formally comes to an end tomorrow.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Ban on sale of petrol and diesel cars in EU watered down with e-fuels exemption
The European Union has watered down plans to ban the sale of petrol and diesel cars by 2035 in a move that campaigners believe will influence UK policy.
Cash crunch could wipe out venture-backed firms this year, Morgan Stanley warns
Start-ups backed by venture capital (VC) could be wiped out in droves this year as cash dries up and investors turn off the taps, analysts have warned.
Next buys Cath Kidston brand for £8.5m with remaining UK stores to close
Next has bought the Cath Kidston brand name for £8.5m, after the vintage-inspired British retailer fell into administration for the second time in two years.
UK to impose green tax on imports from polluting factories
Cheap imported products made in polluting factories abroad may face new green import taxes and middle-income families will be given grants to make their homes more energy efficient under updated government plans to hit net zero by 2050.
Gary Lineker wins £4.9 million tax battle with HMRC
Gary Lineker has won his £4.9 million tax battle with HMRC.
Billionaire Issa brothers planning £8billion takeover of fast food chain Subway
Asda owners, the Issa Brothers, are reportedly eyeing up a potential takeover of major fast food chain Subway.
Next looks set to pick up troubled vintage staple Cath Kidston
High street giant Next is reportedly in talks to pick up the vintage-inspired Cath Kidston chain.
Royal Mail bosses threaten to declare insolvency as pay talks near collapse
Long-running talks between Royal Mail and the Communication Workers Union are on the brink of collapse, with the company’s board thought to have threatened to put the loss-making postal service – the regulated UK entity that delivers to every address in the country – into a form of administration if a deal cannot be agreed.
Optimism is rising as retailers bounce back
Retailers are becoming more optimistic about their near-term trading outlook after a “challenging winter”.
Twitter boss Musk announces blue tick shake-up
Twitter boss Elon Musk has announced a shake-up of the social media platform’s paid Twitter Blue feature.
Barclays is to shut 14 more branches – on top of the 55 closures already announced across England and Wales in 2023
Barclays has revealed plans to shut 14 more branches across England and Wales in June.
HSBC agrees to delay closure of a last branch in town until alternative banking arrangements are in place
HSBC has become the first bank to agree to delay the closure of a last branch in town until alternative banking arrangements are in place.
Head of International Monetary Fund warns of increased risks to stability of financial system after weeks of banking sector turmoil
The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector turmoil.
Ovo launches energy deal below government price cap
Energy giant Ovo has launched its first deal for customers cheaper than the government’s cap on household bills.
