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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

hmrc

Tax dodging and non-compliance during pandemic cost UK £9bn

16 December 2022 News Business Matters 0 Comments

Tax dodging and non-compliance during the pandemic cost the government £9bn, Whitehall’s spending watchdog has found.

Retail sales dropped by 0.6 per cent in the United States last month, more than anticipated and a sign of Americans’ caution in the face of sustained inflation at the start of the holiday shopping season.

Americans reduce retail spending as US inflation bites

16 December 2022 News Business Matters 0 Comments

Retail sales dropped by 0.6 per cent in the United States last month, more than anticipated and a sign of Americans’ caution in the face of sustained inflation at the start of the holiday shopping season.

Manufacturing figures

Supply chain disruptions prompt fall in investment

16 December 2022 News Business Matters 0 Comments

Companies that used up cash reserves stockpiling materials when supply disruptions were at their worst are scaling back plans to invest as a result, a Bank of England survey has found.

Employees who have been claiming “Home Office Relief” during the Covid 19 Lockdown should be urgently reviewing their tax codes to clarify whether HMRC have included the relief within their notice of coding.

Treasury delays programme to digitise tax system for two more years

16 December 2022 News Business Matters 0 Comments

The biggest changes to personal taxation in a quarter of a century are to be postponed for a further two years because the computer systems are not ready, triggering concerns that the government is set for another costly public sector IT disaster.

A rail strike scheduled for Saturday will be the biggest yet this year, with 11 per cent of services operating and most cities cut off.

An end could be in sight to rail strikes as a resolution could be reached soon

16 December 2022 News Business Matters 0 Comments

Mick Lynch, the boss of the RMT, has said that a resolution to the rail dispute could come as soon next week.

Final opportunity for businesses to access Help to Grow: Digital scheme

Government announces closure of Help to Grow: Digital scheme

15 December 2022 News Business Matters 0 Comments

Businesses have less than two months to apply for the Help to Grow: Digital scheme, the government has announced, following a decision to close the programme.

Bank of England

Bank of England raises interest rates to 3.5%

15 December 2022 News Business Matters 0 Comments

The Bank of England has delivered its ninth consecutive interest rate rise, taking the cost of borrowing to 3.5 per cent.

Britons have saved almost £3m by using tumble dryers and other power-hungry devices at quieter times, under a scheme that aims to reduce the strain on electricity networks, National Grid has said.

Britons save £3m by using power-hungry appliances at quieter times

15 December 2022 News Business Matters 0 Comments

Britons have saved almost £3m by using tumble dryers and other power-hungry devices at quieter times, under a scheme that aims to reduce the strain on electricity networks, National Grid has said.

Staff at nine train companies to stage 24-hour walkout in September, TSSA union says

Showdown talks over rail strikes planned as country comes to a standstill

15 December 2022 News Business Matters 0 Comments

Union leaders, the rail minister and industry chiefs are scheduled for showdown talks on Thursday after industrial action on the rail network brought the UK to a standstill for the second day in a row.

Touts jailed for fraud over ticket reselling ordered to pay £6.2m

Touts jailed for fraud over ticket reselling ordered to pay £6.2m

15 December 2022 News Business Matters 0 Comments

Two ticket touts who were jailed for fraud related to large-scale ticket reselling have been ordered to pay £6.2m in a confiscation order.

Single-use plastic items including cutlery, plates and polystyrene cups are reportedly to be banned in England by the UK government after a consultation.

Single-use plastic items to be banned in England

15 December 2022 News Business Matters 0 Comments

Single-use plastic items including cutlery, plates and polystyrene cups are reportedly to be banned in England by the UK government after a consultation.

Train strikes, a cold snap and snowy conditions have kept workers and shoppers from city centres this week, emptying out high streets and office buildings, figures show.

UK shoppers and workers kept home by rail strikes and cold snap

15 December 2022 News Business Matters 0 Comments

Train strikes, a cold snap and snowy conditions have kept workers and shoppers from city centres this week, emptying out high streets and office buildings, figures show.

James Stunt, the socialite and former son-in-law of Bernie Ecclestone, faces a retrial over his alleged role in a £260 million money-laundering scam after the jury failed to reach a verdict.

James Stunt cleared of forgery but faces money-laundering retrial

15 December 2022 News Business Matters 0 Comments

James Stunt, the socialite and former son-in-law of Bernie Ecclestone, faces a retrial over his alleged role in a £260 million money-laundering scam after the jury failed to reach a verdict.

The price of a fresh turkey centrepiece for Christmas dinner has increased by as much as 45% because of shortages caused by the bird flu outbreak, which has wiped out 1.6 million of the birds in the UK.

Fresh turkey prices rise 45% after shortages from bird flu outbreak

14 December 2022 News Business Matters 0 Comments

The price of a fresh turkey centrepiece for Christmas dinner has increased by as much as 45% because of shortages caused by the bird flu outbreak, which has wiped out 1.6 million of the birds in the UK.

Jeremy Hunt has said the energy bill support scheme will be extended in April, with details to be set out “very shortly”.

Energy Bill Support Scheme will be extended in April, Chancellor Jeremy Hunt says

14 December 202214 December 2022 News Business Matters 0 Comments

Jeremy Hunt has said the energy bill support scheme will be extended in April, with details to be set out “very shortly”.

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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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