Category: News Wire

Starbucks has taken the “unprecedented” step of pledging to pay £20m corporation tax, even if it makes no profit – only for the move to appear to backfire and fuel the fiasco surrounding its UK operation.

George Osborne has said he will not listen to “the man responsible” for the UK’s economic problems, after Ed Balls said coalition policy was “failing”.

Richard Branson’s firm to run route until new long-term deal is awarded with new hourly service linking Glasgow and London

An emergency tax relief has been introduced in an effort to encourage small and medium-sized businesses to spend the £120bn of cash they are hoarding.

Chancellor George Osborne will tell MPs there is “no miracle cure” to the UK’s economic problems when he delivers his Autumn Statement.

Lord Stevenson described as ‘evasive, repetitive and unrealistic’ in gruelling three-and-a-half hour session with MPs and peers

Companies including drinks giant Diageo, fashion house Burberry and mining firm BHP Billiton have signed an agreement to pay their suppliers on time – but the majority of Britain’s largest companies still refuse.

Cash-flow problems that could leave campanies unable to “fund any future recovery” are affecting one in four small businesses.

British Chambers of Commerce calls on George Osborne to help small business as it trims GDP forecasts for 2013 and 2014

Report also criticises HM Revenue & Customs for leniency in dealing with corporations that pay little or no corporation tax

Some entrepreneurs think it’s crazy to go after an industry dominated by big players. Not this guy.

The US Treasury has issued a damning criticism of Germany’s chronic trade surplus in its annual report on worldwide exchange rate abuse, although it stopped short of labelling the country a currency manipulator.

The boss of Dixons Retail is poised to take advantage of the demise of rival Comet, as the Currys and PC World owner narrowed first half losses and said its UK and Irish division had returned to profit for the first time in five years.

The Government has delayed the publication of the Laidlaw report into the West Coast rail bid fiasco in an attempt to ensure the findings do not trigger further legal action from civil servants involved.

Small businesses are “drifting away” from bank funding, as confidence in securing loans falls to an almost three-year low.