Planned hikes in alcohol duty have been put off until August, afterJeremy Hunt decided to extend the current freeze a further six months.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
TSB hit with £48.7m fine by watchdogs over 2018 IT fiasco
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.
Government extends ‘generation buy’ mortgage guarantee
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.
Exodus of more than half a million from workforce ‘puts UK economy at risk’
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.
King Charles III bank note designs revealed by Bank of England
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.
Manufacturing fall is fastest since pandemic, CBI survey shows
Manufacturing output is falling at its fastest pace since the start of the pandemic, a new survey of businesses has found.
Government starts legal proceedings against firm linked to Baroness Mone in PPE supply row
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.
Government sends in 1,200 troops to replace workers
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.
Airport strikes to wreak havoc
Border Force strikes threaten misery for millions of passengers arriving at UK airports during the first restriction-free Christmas in three years.
Sunak scraps Truss’s Energy Supply Taskforce after just three months
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.
Musk asks Twitter users to decide if he should step down
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.
UK appoints five new innovation experts to drive post-Brexit technology boom
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 Government helps IT company break into Africa with £900k UKEF support
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.
Business donors back Labour for first time
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.
UK Retail sales fall despite Black Friday and World Cup
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.
















