A third of the UK’s pubs, bars, restaurants and hotels are now operating at a loss following a wave of government-imposed tax increases that came into effect in April, according to a new industry survey.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
IG Group becomes first UK-listed firm to offer retail crypto trading
The UK’s fast-growing crypto market has reached a major inflection point as IG Group, one of the country’s biggest online trading platforms, becomes the first London-listed company to offer direct cryptocurrency trading to retail investors.
UK steel industry faces fresh crisis as US tariff jumps to 50%
Britain’s steelmakers are bracing for a sharp escalation in trade tensions after the United States signalled it will double import tariffs on UK steel to 50% from Wednesday — despite a recent transatlantic deal to remove such duties.
UK business confidence jumps to nine-month high as trade tensions ease
Lloyds Bank barometer climbs sharply in May after global markets rebound on Trump tariff retreat
Reform UK becomes first British political party to accept Bitcoin donations, says Farage
Party leader unveils pro-crypto finance bill and calls for UK to become a ‘digital asset powerhouse’ during Las Vegas appearance
Netflix accused of copying show idea by ‘Queen of bling’ Celia Sawyer
Interior designer and Channel 4 star Celia Sawyer claims Netflix’s sex room makeover series bears striking resemblance to her original pitch — and says she was left ‘really upset’ after receiving a legal warning instead of credit.
Starlink set to expand UK footprint as Ofcom greenlights new spectrum licences
Elon Musk’s satellite internet company is poised to boost rural broadband capacity in Britain, as Ofcom proposes new licences to improve connectivity in hard-to-reach areas.
Nationwide rewards members with £100 payout after record profits and Virgin Money deal
Britain’s biggest building society has reported a surge in profits and mortgage lending, handing out over £1 billion in member bonuses — including a new £100 payout — and warning against government plans to cut cash Isa allowances.
Capita, Pizza Express and Lidl among 500+ firms named for minimum wage breaches
More than 500 employers — including household names like Capita, Pizza Express and Lidl — have been ordered to repay £7.4 million to nearly 60,000 workers after HMRC investigations uncovered widespread underpayments of the minimum wage.
Ryanair CEO Michael O’Leary qualifies for €100m bonus as shares hit six-year target
Michael O’Leary is on course to cash in on a €100 million share option windfall after Ryanair’s stock passed a key performance threshold set before the pandemic, marking another milestone in his decades-long transformation of the airline.
‘Not pension piggybanks’: experts warn millions of savers at risk under government reform plans
Pension campaigners and financial experts have issued a stark warning to ministers over proposed changes that could allow employers to extract surplus cash from retirement schemes — and grant government powers to direct pension fund investment into UK assets.
UK car production slumps to lowest April levels since 1952 amid van factory closure and global trade turmoil
Britain’s car industry suffered its worst April in over 70 years, with new figures revealing a sharp fall in vehicle production that underscores deepening challenges facing the sector.
Wealthier homeowners hit as banks raise mortgage rates amid inflation fears
High street banks have begun hiking mortgage rates for borrowers with large deposits, in a move that could add hundreds of pounds a year to the cost of remortgaging for wealthier homeowners.
Hiring revival in doubt as employer confidence wanes over tax rises and workers’ rights bill
Hopes for a sustained recovery in UK hiring “hang in the balance” as employer sentiment is hit by concerns over rising payroll taxes and incoming workers’ rights legislation, according to a new report by the Recruitment & Employment Confederation (REC).
Ministers to gain power to mandate pension fund investment in UK assets
Ministers are to be granted new powers to compel pension funds to invest in British assets, under plans set to be announced in the Pension Schemes Bill on Thursday — a move expected to spark controversy within the retirement savings industry.
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