UK inflation is on track to rise above 18% for the first time in almost half a century next year as energy prices rocket, according to the investment bank Citigroup.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Ex-F1 boss Bernie Ecclestone pleads not guilty to fraud charge
The former Formula One boss Bernie Ecclestone has pleaded not guilty to a charge of fraud brought after an investigation by HM Revenue and Customs.
P&O Ferries won’t face criminal action over mass sacking of staff
P&O Ferries will not face criminal action over the way it fired nearly 800 employees earlier this year, the Insolvency Service has said.
Decline in cash use eases after pandemic slump
The rapid decline in the use of cash during the pandemic has eased as consumers return to their preferred method of paying for things, a report suggests.
Number of firms fined for deliberate corporation tax misinformation hits four-year high
The number of businesses fined by HMRC for deliberately obscuring their corporation tax affairs has climbed to its highest level in four years.
Company Voluntary Agreements plunge as taxman tightens debt recovery rules
The number of struggling firms striking Company Voluntary Arrangements (CVAs) with creditors has plunged 47 per cent in the past year after tax authorities tightened the way they can reclaim debts, new data has revealed.
Criminal barristers in England and Wales vote to go on indefinite strike
Criminal barristers in England and Wales have voted in favour of an all-out strike next month in a clash with the government over jobs and pay.
UK ‘energy crisis hotspots’ identify areas at greatest risk from rising bills
Residents in Birmingham, Bradford and Cornwall will be hit hardest by spiralling energy prices as the crisis threatens to deepen this week, a study has shown.
Port strike threatens months of disruption
An eight-day strike at the Port of Felixstowe, Britain’s biggest gateway to global trade, could disrupt supplies to the nation’s supermarkets and exports by the country’s biggest industrial groups through to Christmas, experts are warning.
Cineworld share price plunges over 50 per cent amid bankruptcy reports
Cineworld, the world’s second largest cinema chain, is preparing to file for bankruptcy after failing to see a quick enough recovery in movie-going since the end of the pandemic.
P&O Ferries owner reports record-breaking profits after mass sacking
The Dubai-based owner of P&O Ferries has been accused of behaving like “corporate gangsters” after celebrating record-breaking profits just months after sacking 800 of its UK-based workers without notice.
Apple security flaw ‘actively exploited’ by hackers to fully control devices
Apple has disclosed serious security vulnerabilities for iPhones, iPads and Macs that could potentially allow attackers to take complete control of these devices.
Angling Direct’s sales dry up amid falling water levels after ‘too hot to fish’ summer
Anglers may love a warm, sunny day on the riverbank or at a lake, but this summer has proved too hot and too sunny, in turn hitting Britain’s biggest seller of fishing tackle.
Consumer confidence hits new low
Consumer confidence has fallen to a new record low as people facing painful budget squeezes have become “exasperated” at the state of the economy.
Covid infections study increases calls for masks
Two thirds of people with mild Covid-19 are still infectious five days after their symptoms begin, according to a study.
