Facebook’s UK operations paid £29m in corporation tax last year despite reporting a record £3.3bn in sales, while its average staff pay rose to £262,000.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Judge gives Musk till end of October to complete $44 billion Twitter deal
A Delaware judge has given Elon Musk until the end of the month to complete his Twitter takeover, delaying a highly anticipated trial over his bid to terminate the $44 billion deal.
Rolls-Royce boss says net zero is a pain and a “burden of bureaucracy”
The boss of Rolls-Royce has said he regretted signing up to a government-backed net zero initiative ahead of the Cop26 climate summit.
Jeremy Clarkson told to close Diddly Squat farm café after planning breach
Jeremy Clarkson has been ordered to shut his farm’s café and restaurant after he “ignored” warnings from council officers that he was in breach of planning regulations.
Asda offers over 60s soup, a roll and unlimited hot drinks for £1 to help with cost of living crisis
Asda is offering over 60s some soup, a roll and unlimited tea and coffees for £1 as part of its new ‘winter warmer’ initiatives to support community groups struggling with the cost-of-living crisis.
M&S under fire for ‘buy-now-pay-later’ plan as critics say it could plunge many into debt
Marks & Spencer has come under fire for launching a credit service that allows customers to borrow up to £500 in minutes.
SMEs see opportunity to use fintech to reduce expenditures as cost of living pressure intensifies
New research has exposed clear areas where small business owners feel fintech tools could drive improvements within their organisation.
Truss ‘giving with one hand and taking with other’ through stealth taxes, IFS says
Liz Truss is “giving with one hand and taking with the other” by keeping stealth taxes, a new study out today reveals.
Consumer squeeze ‘worse than I have ever known’ says ex CBI boss and Cobra Beer chair
Consumers are being squeezed by “worse than I have ever known,” the former chief of the Confederation of British Industry (CBI) and the founder of Cobra Beer has said.
UK drivers for Bolt ride-hailing app pursue worker benefits claim
More than 1,600 UK drivers working for the ride-hailing app Bolt are seeking compensation for missed holiday and minimum wage payments as they argue they have been wrongly classed as self-employed contractors.
Rail unions hope to find solution to pay dispute ‘together’ with UK government
Union leaders said that they hoped to “find a solution together” with the government to end the long-running dispute over pay, as a train drivers’ strike brought many services around Great Britain to a complete halt on Wednesday.
Electric car sales slow amid rising cost of consumer credit
The millionth new plug-in car sold in Britain rolled out of a showroom last month but sales of electric vehicles appear to be slowing as total registrations remain stalled at historically low levels.
Lastminute.com founder Martha Lane Fox set to gain $2M as Musk U-turns on buying Twitter
Lastminute.com co-founder Martha Lane Fox is set to pocket more than $2 million from the sale of Twitter to Elon Musk.
UK electric-car grant reinstated until March 2023 as supply chain issues stall car market
The UK government has announced it is temporarily reintroducing the Plug-in Car Grant (PiCG) due to the continuing delays in manufacturing supply chains, including the conflict in Ukraine and the global semiconductor shortage.
Ministers in talks with Norway and Qatar for long-term gas contracts
Ministers are in talks with Norway and Qatar to enter into long-term gas contracts in a gamble that could leave consumers facing higher energy bills for years to come.
