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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

Felixstowe

Workers at UK’s biggest container port in Felixstowe to walk off the job for eight days

5 August 20226 August 2022 News Business Matters 0 Comments

Workers at the UK’s biggest container port will go on strike for more than a week later this month in a dispute over pay.

The new owner of a British-based pharmaceuticals company that makes cannabis-based treatments is to invest $100 million in a manufacturing facility in Kent.

Covid loans make UK taxpayers shareholders in cannabis oil firm

5 August 20225 August 2022 News Business Matters 0 Comments

British taxpayers are now shareholders in a further 65 companies because of a government rescue funding scheme set up during the Covid crisis – including a medical cannabis firm, a video game studio and a chain of bars offering activities like ping pong. A list published by the government’s development bank reveals an eclectic range […]

Twitter has confirmed it has been working on an edit button, but denied the idea came after the company’s new largest shareholder, Elon Musk, held a poll on it.

Twitter says Musk is ‘conjuring’ excuse to escape takeover deal

5 August 20225 August 2022 News Business Matters 0 Comments

Twitter has rejected Elon Musk’s claims in court that he had legitimate reasons to back out of a $44bn deal to purchase the social media platform, marking the latest development in a dramatic legal showdown.

Prime Minister David Cameron today welcomed the news that Regus is giving 30,000 young entrepreneurs in England access to its global network of business lounges and administrative support.

WeWork’s offices are back in business

5 August 2022 News Business Matters 0 Comments

The number of people using WeWork’s offices is back to where it was before the pandemic, but the provider of shared offices remains heavily in the red.

construction worker on a scaffold

UK construction output in ‘contraction territory’ for first time since pandemic

5 August 2022 News Business Matters 0 Comments

The UK’s construction output has fallen for the first time since last January, according to US analytics giant S&P Global.

MPs are set to scrutinise the Treasury’s plans to make the UK the “global home of crypto” in a fresh inquiry into the wider crypto and digital assets sector, launched today.

MPs set to scrutinise government crypto hub plans in fresh inquiry

5 August 2022 News Business Matters 0 Comments

MPs are set to scrutinise the Treasury’s plans to make the UK the “global home of crypto” in a fresh inquiry into the wider crypto and digital assets sector, launched today.

Financial Conduct Authority

Fraud on the rise as cost of living soars, FCA warns

5 August 2022 News Business Matters 0 Comments

The UK’s top financial watchdog sounded the alarm over rising fraud rates today as scammers look to swoop on vulnerable consumers amidst a cost of living crunch.

Gordon Ramsey

Gordon Ramsay’s restaurant group reports £12m in pandemic losses

5 August 20225 August 2022 News Business Matters 0 Comments

Gordon Ramsay’s restaurant empire has reported almost £12m in losses and cut almost 300 staff because of closures and restrictions during the Covid-19 pandemic as the businessman warned of the potential impact of soaring inflation and rising bills on restaurant dining habits.

The UK streaming boom is officially over after the number of homes with services such as Netflix, Amazon and Disney+ fell in the first quarter, as the cost of living crisis forced hundreds of thousands of streaming fans to slim down their subscriptions to just a few favourites.

Thousands cancel Netflix or Prime Video as UK cost of living soars

5 August 20222 February 2026 News Business Matters 0 Comments

Almost 800,000 UK households cancelled their subscriptions to Netflix or Amazon Prime Video between April and June, as the cost of living crisis forces streaming fans to cut back on the number of services they pay for to just a few favourites.

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.

Bank of England raises base interest rate to 1.75%

4 August 2022 News Business Matters 0 Comments

The Bank of England has raised the base interest rate by half a percentage point to 1.75 per cent, the biggest rise since 1995, in an attempt to combat runaway inflation.

Volumes of goods shipped directly from Ireland to the EU on new Brexit-busting ferry routes have rocketed by 50% in the past six months as exporters seek to avoid travelling across land through Great Britain, according to official data.

EU delays tighter entry rules until November 2023

4 August 2022 News Business Matters 0 Comments

Travel to Europe was given a boost yesterday as the European Union quietly delayed its plans to tighten entry rules.

Farmers are painting the horns of their sheep to thwart thieves as a report finds that rural crime has risen by 40 per cent in a year.

Rural crime wave forces farmers to paint their flocks

4 August 2022 News Business Matters 0 Comments

Farmers are painting the horns of their sheep to thwart thieves as a report finds that rural crime has risen by 40 per cent in a year.

A shortage of Mini parts from Ukraine has led to a halt at Oxford's car factory being extended to two weeks.

Supply chains remain a major problem for Mini

4 August 2022 News Business Matters 0 Comments

The problematic transition to electrification amid continuing pandemic- related supply chain disruption has seen deliveries at Mini, the carmaker that produces the majority of its vehicles at the Cowley plant in Oxford, drop by more than a fifth.

The owner of Pepco, Poundland and Dealz, the European discount retail brands, has pledged to “protect prices” after reporting a 17.5 per cent rise in first-half revenue driven by new store openings.

Poundland to cut prices and open 25 new stores

4 August 2022 News Business Matters 0 Comments

Poundland, the discount retailer, is cutting the price of 1,000 products and opening 25 more stores as inflation hits household finances.

More than one in ten adults have stopped contributing to their company pension or are planning to stop because their incomes have been squeezed by the cost of living crisis.

Cost of living squeeze hits pension contributions

4 August 2022 News Business Matters 0 Comments

More than one in ten adults have stopped contributing to their company pension or are planning to stop because their incomes have been squeezed by the cost of living crisis.

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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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