Government borrowing was £3 billion higher than expected in the year to July, putting pressure on the next chancellor to keep costs down to meet fiscal targets.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Inheritance Tax Receipts £2.4BN in three months to July, up £300M on same period year earlier
Figures out today show that HMRC raked in another £2.4 billion in inheritance tax receipts in the three months to July 2022. This is £300 million more than in the same period last year.
Energy UK calls on Government to offer loans to businesses in face of ultra-high bills
One of the country’s leading energy bodies has called for the Government to work with industry and financial institutions,, and bring in a deficit tariff scheme to keep bills down this winter.
Royal Mail workers vote for further action ahead of four days of strikes
More than 115,000 UK postal workers have voted overwhelmingly for further industrial action over working conditions, ahead of four days of strikes already planned for later this month and early September.
Wales only part of UK to see employment fall
Unemployment in Wales continues to be low but it has become the only UK area where the number of people employed fell in the three months to June.
Iceland to offer interest-free loans to customers as cost of living crisis bites
Iceland will offer customers interest-free loans to help with their food shop amid soaring inflation.
Passengers face disruption as rail services hit with new train strikes
Train passengers are facing more disruption, with only 20% of services set to run due to strike action.
STEM skills shortage continues to hit UK businesses
The boss of engineering and technology recruiter Gattaca has said the UK’s current shortage of STEM skills is continuing to hit firms.
Ofgem director Christine Farnish quits in protest over energy price cap
A director of Ofgem has quit in protest at its decision to add hundreds of pounds to household bills this winter by changing the way it calculates the energy price cap.
Ofgem threatened with legal action if it doesn’t protect customers from soaring energy bills
Energy regulator Ofgem has been threatened with legal action if it fails to protect vulnerable customers from soaring energy bills.
UK to launch dispute proceedings against EU this week for breaking Brexit trade deal
The British government is planning to launch formal dispute proceedings against the European Union as soon as this week.
Harrods threatens to become first major employer to use agency staff as strikebreakers
The staffing agency industry’s trade body has hit out at Harrods after the luxury department store threatened to take advantage of new laws allowing it to break strikes using temporary workers.
Number of company administrations set to rise this year
More UK companies are set to enter administration this year than last year, analysts have warned.
UK told it must lift digital trade barriers
Digital trade barriers risk fragmenting the world into regional and national “splinternets” unless governments agree on a shared approach to data regulation and transfers.
Gambling giant Entain could lose UK licence amid record £17m fine
Entain, the gambling firm behind Ladbrokes and Coral, could lose its licence to operate in the UK after it was told to pay a record £17m settlement over its inaction as individual customers spent hundreds of thousands of pounds.
