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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

An offshore company linked to Michelle Mone and her husband bought a £7.5million private jet months after they allegedly made tens of millions from a public PPE contract, it was claimed last night.

Offshore firm linked to Baroness Mone bought £7.5M private jet after allegedly making tens of millions from PPE contract

10 December 202210 December 2022 News Business Matters 0 Comments

An offshore company linked to Michelle Mone and her husband bought a £7.5million private jet months after they allegedly made tens of millions from a public PPE contract, it was claimed last night.

Lord Young

Tory peer Lord Young, ‘Mr Entrepreneur of Whitehall’ in Thatcher’s cabinet dies aged 90

10 December 202211 December 2022 Entrepreneurs, News Business Matters 0 Comments

A Tory peer regarded as a ‘favourite’ of former Prime Minister Margaret Thatcher and responsible for many start-up and support initiatives for entrepreneurs has died aged 90.

If you've been waiting ages for an online order to arrive, you're not alone.

Evri says sorry for parcel delays in run-up to Christmas

9 December 2022 News Business Matters 0 Comments

If you’ve been waiting ages for an online order to arrive, you’re not alone.

Ulster University economists expect the Northern Ireland economy to shrink next year, followed by a weak recovery in 2024.

Northern Ireland economy expected to shrink next year

9 December 2022 News Business Matters 0 Comments

Ulster University economists expect the Northern Ireland economy to shrink next year, followed by a weak recovery in 2024.

Job seekers now view hybrid working as a pre-requisite for new roles, with a new study revealing it is now as important as other financial benefits

Jeremy Hunt to announce major reforms for UK’s financial sector in quest to ‘turbocharge’ growth

9 December 2022 News Business Matters 0 Comments

Chancellor Jeremy Hunt will launch a major reform of the UK’s financial sector, with plans to rip up red tape and replace a number of EU regulations.

Package holiday demand dips as UK cost of living crisis hits budgets

Package holiday demand dips as UK cost of living crisis hits budgets

9 December 2022 News Business Matters 0 Comments

Holiday bookings for three-star destinations are starting to drop as households hit by the cost of living crisis cut back amid rising bills, according to the travel company On the Beach.

“Insolvencies of restaurant businesses are now happening at a far faster rate than during Covid,” Rebecca Dacre, a partner at Mazars, said. “It is a very toxic mix of rising input costs, sharply rising finance costs and weak demand. Most restaurateurs have not seen this combination of negative factors before.” Industry lobby groups including UK Hospitality and the British Beer and Pub Association said last month that more than a third of hospitality businesses could go bust by early 2023. While the industry experienced a rebound in business this summer after a string of forced closures during Covid lockdown periods, restaurants are now struggling with surging inflation, which has not only increased the cost of energy, food and drinks, but meant their customers have less money to spend on going out. Barclaycard recently reported that more than half of Britons were planning to cut down on essential spending, raising concerns about revenues from the Christmas period, when many businesses make the bulk of their profits. Some firms are also struggling to recruit enough employees as post-Brexit rules on migration block EU citizens from working in the UK. This has contributed to higher wage inflation. Mazars said the combined pressures were likely to spell a tough few months for the industry, despite the usually lucrative holiday period. “The Christmas trading period is usually a bumper period for hospitality businesses. However, restaurants will be bracing themselves for a very tough winter and many face a real battle to keep afloat,” Dacre said. “There’s a certainty of further insolvencies if they don’t receive much more support from the government, but the chances of the government fully turning on the taps is low.”

Christmas party cancellations ‘near Omicron level amid UK strikes’

9 December 2022 News Business Matters 0 Comments

Pubs and restaurants have suffered a collapse in Christmas party bookings due to next week’s UK rail strikes.

Meta Platforms has decided not to occupy part of its recently developed European HQ in Dublin and will instead sublet some of the site.

Facebook owner Meta sublets part of Dublin HQ

9 December 20229 December 2022 News Business Matters 0 Comments

Meta Platforms has decided not to occupy part of its recently developed European HQ in Dublin and will instead sublet some of the site.

striking Border Force guards.

Soldiers’ Christmas cancelled to cover striking Border Force guards

9 December 2022 News Business Matters 0 Comments

Hundreds of soldiers have been told their Christmas leave is cancelled for the second year in a row after they were drafted in to replace striking Border Force guards.

Apple has said it expects fewer iPhone 14 Pro and iPhone Pro Max shipments than previously anticipated as Covid-19 restrictions temporarily disrupt production at an assembly facility in Zhengzhou, China.

Apple announces new security and privacy measures amid surge in cyber-attacks

8 December 2022 News, Technology Business Matters 0 Comments

Apple announced a suite of security and privacy improvements on Wednesday that the company is pitching as a way to help people protect their data from hackers, including one that civil liberty and privacy advocates have long pushed for.

Cornish second home owners are set to pay double in council tax after a proposal which would see the local authority granted powers to raise more money from out-of-towners.

Cornish second home owners to pay double council tax in new proposal to raise funds from out-of-towners

8 December 20228 December 2022 News Business Matters 0 Comments

Cornish second home owners are set to pay double in council tax after a proposal which would see the local authority granted powers to raise more money from out-of-towners.

The UK will build its first new coalmine for three decades at Whitehaven in Cumbria, despite objections locally, across the UK and from around the world.

UK’s first new coalmine for 30 years gets go-ahead in Cumbria

8 December 2022 News Business Matters 0 Comments

The UK will build its first new coalmine for three decades at Whitehaven in Cumbria, despite objections locally, across the UK and from around the world.

Elon Musk has scrapped Twitter’s working from home policy and ordered its staff back to the office, days after firing 3,700 employees.

Elon Musk accused of turning Twitter offices into bedrooms

8 December 202228 May 2023 News, Technology Business Matters 0 Comments

Twitter is under investigation by city officials in San Francisco following a complaint that the company allegedly converted rooms in its headquarters to sleeping quarters, an inquiry that has drawn scorn from Elon Musk.

New,York,,United,States,-,7,November,2020:,Moonpig,Birthday

Cost of living crisis and Royal Mail strikes deter Moonpig consumers

8 December 2022 News Business Matters 0 Comments

Investors in Moonpig headed for the exit yesterday after the online card and gift group cut its revenue forecast for the year as the cost of living crisis and Royal Mail strikes deterred consumers.

Britain’s central bank policymakers are “duty bound” when they meet this week to push the UK into recession to cap rising inflation, a former Bank of England (BoE) official has said.

Investors pull £1bn from UK-focused funds ahead of recession

8 December 2022 News Business Matters 0 Comments

Investors pulled a net £1.02 billion from UK-focused funds in November, making it the second worst month on record, according to a study.

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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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