
Rishi Sunak faces calls to cut VAT on fuel as retailers defend ‘necessary’ pump price hikes
Petrol retailers have defended the speed of pump price increases and urged the chancellor to help motorists absorb record bills by cutting VAT on fuel.
The latest news affecting small and medium sized (SME) businesses in the UK

Petrol retailers have defended the speed of pump price increases and urged the chancellor to help motorists absorb record bills by cutting VAT on fuel.

Amazon is closing all 68 of its bricks-and-mortar bookstores and “4-star” shops in the UK and the US, the ecommerce giant has confirmed.

JCB has become the latest company to suspend its business in Russia as the stampede following Moscow’s invasion of Ukraine intensified.

Sainsbury’s will close 200 in-store cafes and 34 hot food counters next month as part of a big shake-up that puts about 2,000 jobs at risk.

Maersk, the world biggest container shipping company, has suspended sailings into and out of Russian ports.

The chief executive of the Financial Conduct Authority has moved to avert a potential strike by offering base pay rises of up to 20 per cent…

The UK has become the first country to pass a law banning all Russian ships from docking at its ports, transport secretary Grant Shapps announced this…

Rail fares will rise across England and Wales by an average of 3.8% on Tuesday, the same day that a city-wide tube strike begins in London.

The UK’s largest book chain, Waterstones, has acquired the country’s largest independent bookseller, Blackwell’s, ending 143 years of family ownership and signalling a further concentration of…

More than 51,000 people joined the ranks of the “ultra-wealthy” last year as the fortunes of the already very rich benefited from rising global stock markets…

Rishi Sunak is facing renewed pressure from business leaders to delay a planned £12bn rise in national insurance, amid warnings over soaring costs for companies and…

The Bank of England has launched a consultation about whether to ditch affordability rules for mortgage lending.

Toyota is to shut down production at all its factories in Japan for one day today after a supplier was hit by a cyberattack, a move…

UK petrol and diesel prices have passed the “grim milestone” of 150p a litre for the first time, with further rises expected as Russia’s invasion of…

The price comparison website Comparethemarket has pulled its ads featuring the animated Russian meerkat Aleksandr Orlov from news bulletins in light of Vladimir Putin’s invasion of…