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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

empty pub

Jeremy Hunt extends alcohol duty freeze until August

20 December 2022 News Business Matters 0 Comments

Planned hikes in alcohol duty have been put off until August, afterJeremy Hunt decided to extend the current freeze a further six months.

TSB Branches

TSB hit with £48.7m fine by watchdogs over 2018 IT fiasco

20 December 202220 December 2022 News Business Matters 0 Comments

High street lender TSB has been slapped with a £48.65m by City watchdogs today for “widespread” failings during a 2018 IT update programme, which left millions of customers without access to banking services.

Estate Agents window

Government extends ‘generation buy’ mortgage guarantee

20 December 2022 News Business Matters 0 Comments

The government is extending the mortgage guarantee scheme, which helps buyers with small deposits get on the property ladder as higher borrowing costs threaten to put the brakes on the UK housing market in 2023.

older workers

Exodus of more than half a million from workforce ‘puts UK economy at risk’

20 December 2022 News Business Matters 0 Comments

An exodus of more than half a million people from the British workforce since the Covid pandemic is putting the economy at risk of weaker growth and persistently higher inflation, a Lords report has warned.

Designs for bank notes featuring an image of King Charles III have been revealed by the Bank of England, with plans to enter circulation by mid-2024.

King Charles III bank note designs revealed by Bank of England

20 December 2022 News Business Matters 0 Comments

Designs for bank notes featuring an image of King Charles III have been revealed by the Bank of England, with plans to enter circulation by mid-2024.

The proportion of manufacturers expecting to increase prices has jumped to its highest level since records began in 1975.

Manufacturing fall is fastest since pandemic, CBI survey shows

20 December 2022 News Business Matters 0 Comments

Manufacturing output is falling at its fastest pace since the start of the pandemic, a new survey of businesses has found.

michelle-mone

Government starts legal proceedings against firm linked to Baroness Mone in PPE supply row

19 December 2022 News Business Matters 0 Comments

The government has issued civil legal proceedings against a firm at the centre of a row over the supply of personal protective equipment (PPE) during the pandemic.

Around 1,200 members of the military and 1,000 civil servants are being sent in by the government to cover striking ambulance drivers and Border Force staff.

Government sends in 1,200 troops to replace workers

19 December 202219 December 2022 News Business Matters 0 Comments

Around 1,200 members of the military and 1,000 civil servants are being sent in by the government to cover striking ambulance drivers and Border Force staff.

Border Force strikes threaten misery for millions of passengers arriving at UK airports during the first restriction-free Christmas in three years.

Airport strikes to wreak havoc

19 December 202219 December 2022 News Business Matters 0 Comments

Border Force strikes threaten misery for millions of passengers arriving at UK airports during the first restriction-free Christmas in three years.

Rishi Sunak has told the cabinet that interest rates are expected to increase to 2.5 per cent over the next year as he warned ministers against borrowing more to fund public spending.

Sunak scraps Truss’s Energy Supply Taskforce after just three months

19 December 202219 December 2022 News Business Matters 0 Comments

Prime Minister Rishi Sunak has scrapped a taskforce launched by his predecessor to shore up the UK’s energy security by striking a series of long-term deals with gas suppliers.

Elon Musk

Musk asks Twitter users to decide if he should step down

19 December 202219 December 2022 News Business Matters 0 Comments

Elon Musk will step down as head of Twitter if users of the social media vote for him to do so in a poll, he said on Sunday night – and voters currently want him to depart.

Socially conscious insurer Lemonade makes first entry into UK market

UK appoints five new innovation experts to drive post-Brexit technology boom

19 December 202219 December 2022 News Business Matters 0 Comments

The UK government has appointed five, industry leading experts to make use of post-Brexit freedoms by driving innovation in cutting edge sectors that will be vital to Britain’s future growth.

UK Export Finance (UKEF) has provided £900,000 of support to Atlancis, a Kenyan cloud services company, enabling it to forge a new relationship with UK exporter Vespertec to unlock growth opportunities in Africa.

UK Government helps IT company break into Africa with £900k UKEF support

19 December 2022 News Business Matters 0 Comments

UK Export Finance (UKEF) has provided £900,000 of support to Atlancis, a Kenyan cloud services company, enabling it to forge a new relationship with UK exporter Vespertec to unlock growth opportunities in Africa.

Bosses and companies are donating to Labour for the first time as the party seeks to build its funds and credibility with the business community before the next general election, Electoral Commission records suggest.

Business donors back Labour for first time

19 December 2022 News Business Matters 0 Comments

Bosses and companies are donating to Labour for the first time as the party seeks to build its funds and credibility with the business community before the next general election, Electoral Commission records suggest.

Shoppers tearing their hair out in the search for Christmas presents online amid strike-hit parcel deliveries have been urged to try a low-tech solution: their local high street.

UK Retail sales fall despite Black Friday and World Cup

16 December 2022 News Business Matters 0 Comments

Retail sales unexpectedly fell in November as Black Friday discount deals and football’s World Cup failed to boost spending, with the cost of living crisis forcing households to cut budgets.

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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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