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Latest News:

  • Cost of new government borrowing nears 30-year high as October budget looms
  • easyJet heads back into the FTSE 100 as Entain, Aston Martin and Persimmon face the drop
  • Scan.com raises $220m to fund US push ahead of flotation talks
  • Vodafone, Heathrow and JCB head to Reform UK conference as party woos business
  • Allica Bank applies for Swedish banking licence in first move beyond the UK
  • 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

Category: News

The latest news affecting small and medium sized (SME) businesses in the UK

Chancellor Nadhim Zahawi will embark on a US trip this week in an attempt to bang the drum for Britain’s post-Brexit financial future.

Zahawi: Nobody should have energy cut off this winter if they can’t pay their bills

1 September 2022 News Business Matters 0 Comments

Nadhim Zahawi has said nobody should be cut off in the winter if they’re unable to pay their bills.

The company behind Snapchat is making about 1,300 staff redundant and cutting investment in projects such as augmented reality glasses, as the social media business fights an advertising downturn.

Snapchat firm cuts 1,300 staff in face of advertising downturn

1 September 2022 News, Technology Business Matters 0 Comments

The company behind Snapchat is making about 1,300 staff redundant and cutting investment in projects such as augmented reality glasses, as the social media business fights an advertising downturn.

Natwest Bank

NatWest repays fees charged on incorrect loans

1 September 2022 News Business Matters 0 Comments

NatWest is refunding £600,000 to more than 700 small and medium-sized businesses after it broke competition rules by forcing them to open fee-paying accounts to take out loans with the taxpayer-backed bank.

London has beaten off competition from Paris and Berlin to become the highest ranked European city for property investment, according to a survey of industry executives.

House prices defy forecasts to continue double-digit increase, according to Nationwide

1 September 2022 News Business Matters 0 Comments

The housing market continues to defy the wider economic gloom, with prices rising for the thirteenth month in a row last month.

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

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

31 August 2022 News Business Matters 0 Comments

Staff at nine train companies will take part in a 24-hour strike starting at midday on 26 September, the TSSA union has said.

Inflation has risen to its highest level in nearly three decades because of a spike in the cost of a range of goods and services, from food and energy to furniture and clothes.

UK food price inflation hits highest level since global financial crash

31 August 2022 News Business Matters 0 Comments

The rapidly rising price of food including milk, margarine and crisps pushed August shop price inflation to the highest levels since 2008 as the war in Ukraine raised costs for farmers.

Manufacturing

UK manufacturing sector insolvencies rise by 63% since last year

31 August 2022 News Business Matters 0 Comments

Insolvencies across the manufacturing sector have soared by 63% since last year ahead of a wave of business failures expected this winter in response to rising energy prices, higher interest rates and falling order books.

UK economic growth bounced back in January as the effects of the Omicron coronavirus variant began to ease, official figures show.

Get ready for 22% inflation, Goldman Sachs warns

31 August 2022 News Business Matters 0 Comments

Inflation in Britain could top 22 per cent on the back of high energy costs next year, Goldman Sachs has warned, as new data showed that consumers are paying record prices in the shops.

The Co-operative Group has sold its petrol forecourts to Asda, the supermarket chain, for £600 million including liabilities.

Co-op sells petrol courts to Asda in £600m deal

31 August 2022 News Business Matters 0 Comments

The Co-operative Group has sold its petrol forecourts to Asda, the supermarket chain, for £600 million including liabilities.

The West Midlands has the potential for a £1.5bn a year manufacturing dividend, according to new analysis by the UK’s strategic hub for industrial research.

West Midlands could reap £1.5bn a year manufacturing boost

31 August 2022 News Business Matters 0 Comments

The West Midlands has the potential for a £1.5bn a year manufacturing dividend, according to new analysis by the UK’s strategic hub for industrial research.

40,000 BT staff strike over: ‘We won’t have bosses use Swiss banks as workers use food banks’

40,000 BT staff on strike: ‘We won’t have bosses use Swiss banks as workers use food banks’

30 August 2022 News Business Matters 0 Comments

Over 30,000 BT Openreach engineers and 10,000 BT call centre workers are staging a walkout today over pay, as the summer of strike action continues.

The US Federal Trade Commission (FTC) on Monday sued Idaho-based data broker Kochava for selling geolocation data from hundreds of millions of mobile devices that could be used to track consumers.

Data company sued by US government amid fears of sensitive location tracking

30 August 2022 News Business Matters 0 Comments

The US Federal Trade Commission (FTC) on Monday sued Idaho-based data broker Kochava for selling geolocation data from hundreds of millions of mobile devices that could be used to track consumers.

Elon Musk

Musk subpoenas Twitter whistleblower as he battles to end takeover deal

30 August 2022 News Business Matters 0 Comments

Elon Musk has subpoenaed a former Twitter employee who has accused the social media company of poor spam policies and security vulnerabilities as the billionaire battles to get out of his $44bn agreement to buy Twitter.

empty pub

Pubs and brewers warn of closure as energy bills soar

30 August 2022 News Business Matters 0 Comments

Pubs and brewers are at risk of closure amid price increases of more than 300 per cent, industry bosses of six of the country’s biggest pub and brewing companies have warned in an open letter to the government.

Europe faces years of energy rationing without Russian gas, the boss of Shell has warned. Ben van Beurden said it was a “fantasy” to think that Europe’s energy crisis would be resolved soon and he warned that if Moscow were to cut off all supplies, life would be “very hard”.

Energy could be rationed ‘for years’

30 August 2022 News Business Matters 0 Comments

Europe faces years of energy rationing without Russian gas, the boss of Shell has warned. Ben van Beurden said it was a “fantasy” to think that Europe’s energy crisis would be resolved soon and he warned that if Moscow were to cut off all supplies, life would be “very hard”.

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Latest Content

The government is paying more to borrow through newly issued debt than at almost any point in the past three decades, a reminder of the tough fiscal backdrop against which prime minister Andy Burnham and chancellor John Healey are drawing up their first budget, now less than two months away.

Cost of new government borrowing nears 30-year high as October budget looms

UK borrowing costs are close to their highest level in almost three decades, with newly issued government debt yielding an average of 3.8 per cent this year, as Andy Burnham and John Healey prepare a first budget already clouded by talk of tax rises.

easyJet heads back into the FTSE 100 as Entain, Aston Martin and Persimmon face the drop

Scan.com raises $220m to fund US push ahead of flotation talks

Vodafone, Heathrow and JCB head to Reform UK conference as party woos business

Allica Bank applies for Swedish banking licence in first move beyond the UK

Turning Workplace Safety from a Compliance Exercise into a Business Advantage

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

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