The latest news affecting small and medium sized (SME) businesses in the UK
Energy secretary Ed Miliband says Labour will legislate this autumn to permanently ban fracking, countering Reform UK’s pledge to revive the practice despite safety and economic…
![Heathrow has said passenger numbers were 60% lower in November than before the coronavirus pandemic and there were “high cancellations” among business travellers concerned about being trapped overseas for Christmas as Omicron spreads. The UK’s largest airport said the government’s travel restrictions had dealt a fresh blow to travel confidence and predicted it was likely to take several years for passenger numbers to return to pre-pandemic levels. This week ministers said passengers arriving in the UK would have to take a pre-departure Covid test, as well as a post-flight test, because of fears about the spread of the new variant. “[The] high level of cancellations by business travellers concerned about being trapped overseas because of pre-departure testing shows the potential harm to the economy of travel restrictions,” the airport said in an update. Heathrow said the drop in traveller confidence owing to the new travel restrictions had negated the benefit of reopening the all-important corridor to North America for business and holiday travel last month. Eleven African countries have been added to the government’s red list, requiring travellers to quarantine before reuniting with families. “By allowing Brits to isolate at home, ministers can make sure they are reunited with their loved ones this Christmas,” said John Holland-Kaye, the chief executive of Heathrow. “It would send a strong signal that restrictions on travel will be removed as soon as safely possible to give passengers the confidence to book for 2022, opening up thousands of new jobs for local people at Heathrow. Let’s reunite families for Christmas.” Heathrow said that if the government could safely signal that restrictions would be lifted soon, then employers at Heathrow would have the confidence to hire thousands of staff in anticipation of a boost in business next summer. The airport is expecting a slow start to 2022, finishing next year with about 45 million passengers – just over half of pre-pandemic levels. This week Tui, Europe’s largest package holiday operator, said it expected bookings for next summer to bounce back to 2019 levels. However, Heathrow said on Friday not to expect the aviation industry to recover for several years. “We do not expect that international travel will recover to 2019 levels until at least all travel restrictions (including testing) are removed from all the markets that we serve, at both ends of the route, and there is no risk of new restrictions, such as quarantine, being imposed,” the airport said.](https://bmmagazine---co---uk.lsproxy.app/wp-content/smush-webp/2024/05/shutterstock_1100012546-768x513.jpg.webp)
Greggs will raise prices on selected items, including breakfast deals, to counter higher payroll costs. Shares jumped 7% after improved trading eased concerns over falling sales.
Spotify founder Daniel Ek will step back from day-to-day leadership in January to become executive chairman, as Gustav Soderstrom and Alex Norstrom take over as co-CEOs.
Mrs Justice Cockerill has ruled that the Michell Mone linked PPE Medpro must repay nearly £122 million to the UK government by 15 October.
Rumoured plans to impose VAT on taxi fares risk raising costs for vulnerable passengers, cutting earnings for drivers, and piling pressure on hospitality businesses already under…
Baroness Michelle Mone has accused Rachel Reeves of fuelling a government vendetta against her and PPE Medpro, after the Chancellor reportedly confirmed the allegation at a…
HSBC has alerted UK business banking customers to a data breach at a third-party platform exposing passport details and identity documents. Customers are urged to stay…
ONS confirms UK GDP grew 0.3% in Q2 2025, down from 0.7% in Q1, with households saving more and consumer spending flat. Economists warn growth may…
Zoopla warns that speculation over stamp duty and council tax reforms is cooling demand for homes above £500,000, with luxury sales and listings falling ahead of…
Electronic Arts will be taken off Nasdaq in a $55 billion leveraged buyout led by Saudi Arabia’s PIF, Jared Kushner’s Affinity Partners and Silver Lake. EA…
YouTube will pay $24.5 million to settle Donald Trump’s lawsuit over his account suspension, with $22 million directed toward building a White House State Ballroom via…
The Department of Health and Social Care (DHSC) rejected two major settlement offers from PPE Medpro, including a complete remake of 25 million sterile gowns or…
Chancellor Rachel Reeves used her keynote address at the Labour Party conference to draw sharp battle lines with Nigel Farage and Reform UK, declaring them the…
Greater Anglia, West Midlands Trains and Govia Thameslink will be renationalised by May 2026 as the UK pushes ahead with bringing the rail network back under…
Britain’s labour market is showing signs of strain, with new data revealing a fall in job openings and growing pessimism among businesses, fuelling fears that the…