HMRC chief Jon Thompson has defended his £20bn estimate of the cost to businesses of the post-Brexit customs system favoured by leading Brexiteers.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Heathrow finally gets UK Government backing for third runway expansion plans
The prospect of the first new runway in south-east England since 1946 edged closer today after the UK Government finally backed proposals for a third runway at London Heathrow.
Microsoft sinks data centre off Orkney
Microsoft has sunk a data centre in the sea off Orkney to investigate whether it can boost energy efficiency.
Carpetright raises £60m emergency funding to keep trading
Carpetright has raised emergency funds to keep the business going with a conditional placing, but will need to gain shareholder approval at a meeting today to go ahead with the plan.
TSB investigated over IT meltdown which left customers without account access for days
A computer failure at TSB that caused up to 1.9 million people to lose access to online banking services is being investigated by the financial regulator.
Retail sales recover as the sun comes out in May
Shoppers glimpsing a moment of sun rushed to the shops for summer clothes, barbecue essentials and garden accessories last month, boosting retail sales.
Britains high street remains safe as shop closures hit smaller retail centres hardest
Smaller shopping centres bore the brunt of store closures last year, according to a study of vacancies in the retail and leisure sectors.
Petrol prices in record monthly rise, says motoring organisations
Petrol prices rose by 6p a litre in May – the biggest monthly increase since the RAC began tracking prices 18 years ago.
Government loses more than £2bn on RBS share sale
The government has made a loss of just over £2bn after selling another tranche of shares in Royal Bank of Scotland.
Government sells off 7.7 per cent of RBS overnight to take the bank one step closer to privatisation
The government has kicked off the second sale of its stake in Royal Bank of Scotland (RBS), announcing it will begin the process of offloading 7.7 per cent of the bailed-out bank overnight.
Richard Branson unveils Voom 2018
Virgin Founder Sir Richard Branson announced the winners of Voom 2018 – the UK and Ireland’s biggest business pitching competition.
Tesco under fire for handing boss Dave Lewis ‘excessive’ £5m pay deal
Supermarket giant Tesco is in hot water ahead of its AGM next week, over the “excessive” near-£5m pay deal it awarded its CEO for the 2017/18 financial year.
Britain’s steel industry thrown into crisis as immediately feels impact of US tariffs
Britain’s steelmakers are beginning to feel the impact of the US imposing import duties, putting the struggling sector in danger of plunging back into crisis unless the EU breaks protocol and acts immediately, according to the industry body.
HMRC saves public £2.4M by stopping fraudsters
HMRC has revealed today that it has saved the public over £2.4m by tackling fraudsters that trick the public into using premium rate phone numbers for services that HMRC provide for free.
Utility Warehouse investigated by regulator over handling of customers in debt
Utility Warehouse is facing an investigation from the energy regulator over how it handles customers who are in debt.
