Peter Kyle has been sacked as business secretary in Andy Burnham’s reshuffle. What his exit means for SMEs and the 60-day late payment bill in parliament.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
£750m UKEF deal backs 2,000 GE Aerospace jobs in Wales and Scotland
UKEF and GE Aerospace sign a £750m engine maintenance financing framework at Farnborough, backing 2,000 jobs and supply chains in Wales and Scotland.
Reeves sacked as Burnham dangles income tax cut for lower earners
Rachel Reeves sacked as chancellor: what Andy Burnham’s income tax hints, 50p rate silence and £16bn borrowing plans mean for UK SMEs this autumn.
Borrowing costs rise as Burnham vows biggest shake-up in 40 years
Gilt yields rose to 4.97 per cent after Andy Burnham’s first speech as prime minister. What dearer UK borrowing costs mean for SME loans and contracts.
Burnham enters No 10 with eight in ten SME owners braced for impact
Andy Burnham is prime minister. What his business rates pledge, tax stance and a stagnant economy mean for UK SME owners ahead of the autumn Budget.
Jingye demands payout as Beijing turns on UK over British Steel
Jingye demands compensation for the British Steel nationalisation, accusing the UK of trampling investment rules. What the row means for UK SMEs.
Manchester tops UK AI index again as Southampton leaps 19 places
Manchester tops the SAS AI Cities Index 2026 for a third year. What the UK’s most AI-ready city, and fast risers Southampton and Derby, mean for SMEs.
Ministers hand UK space firms £62m to cut reliance on foreign tech
Ministers unveil £62m in UK space funding for satellite communications and innovation. How SMEs and start-ups can apply, plus key deadlines to note.
£11bn late payment crackdown risks ‘car crash’, ex-tsar warns
Former small business commissioner Philip King warns the government’s £11bn late payment crackdown risks becoming a ‘car crash’ without proper enforcement.
Burnham’s plan to scrap DSIT sparks tech industry revolt
Andy Burnham is weighing plans to close DSIT, drawing a backlash from tech leaders. What breaking up the department means for UK firms and founders.
Water fleas, moon tech and sewage-eating larvae win £100,000 apiece
Water Discovery Challenge names 20 finalists winning £100,000 each from a £7.5m fund, opening the UK water sector to SMEs, from water fleas to moon tech.
Just 13% of firms expect taxes to fall under Labour’s new leader
More than half of UK mid-sized firms expect business taxes to rise under the new Labour leadership. BDO urges a single 21% corporation tax rate instead.
Americans claim a third of the floor as record Farnborough opens
Farnborough Airshow 2026 opens with a record 1,636 exhibitors, 600 investors and US firms taking 35 per cent of the floor. What it means for UK SMEs.
One in three small firms expect to shrink, sell up or close
Small business growth expectations have hit their lowest since 2014, the FSB warns, as one in three firms expect to shrink, sell up or close within a year.
Traders will pay to see Trump’s posts before you do
Trump Media’s Truth API will sell trading firms millisecond access to the president’s market-moving Truth Social posts. What it means for UK firms.
