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Below you'll find a list of all posts that have been tagged as “business”
A new emergency fraud hotline has been launched for individuals to report financial scams as they take place. The new hotline, which can be accessed by dialing 159, will connect an individual to their bank’s fraud prevention service. The new hotline is being trialed for a year, with fraud prevention …
According to Clutch’s 2018 Small Business Survey, small businesses that try to handle everything in house may end up stretching themselves too thin. And yet the value of having an outside perspective is evident every time a project goes through a sign-off process, or even just asking a colleague to …
Chancellor Rishi Sunak will deliver the 2021 Autumn Budget on 27 October. The Budget will follow the Spending Review and is expected to set out how the government will deliver on its promises to the British public. These include leading the transition to net zero across the country; ensuring strong and …
The government has opened a £800 million Reinsurance Scheme to cover live events against coronavirus (COVID-19)-related cancellations. The live events sector is worth more than £70 billion annually to the UK economy and supports more than 700,000 jobs, including small businesses and the self-employed. The UK Live Events Reinsurance Scheme …
UK workers could get more choice over when and where they work under new proposals to make the right to request flexible working a day one entitlement. The government will also introduce a day one right to one week’s unpaid leave for carers balancing a job with caring responsibilities. The …
The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax self assessment (MTD for ITSA) for a year, HMRC has announced. The government says it has made the move in recognition of the challenges faced by many UK businesses as the country emerges from the pandemic. …
The Institute of Directors (IoD) is urging the government to use the upcoming Budget to reduce the planned level of business tax rises. The IoD believes that the Office for Budget Responsibility (OBR) will revise its GDP growth forecasts up for 2021, potentially resulting in stronger tax receipts. It stated …
Coronavirus (COVID-19) emergency finance schemes offered £81.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year. This support, which is not included under the Bank’s core programmes, was evenly distributed across the nations and regions of the UK. In addition, …
A survey carried out by the Confederation of British Industry (CBI) has revealed that three quarters of UK businesses are concerned about the impact of labour shortages on competitiveness. The survey found that 87% of firms are planning on recruiting this year, and seven in ten businesses are planning to …
The government’s scheme that enables small businesses to recoup statutory sick pay costs caused by the coronavirus (COVID-19) will end at the end of September. Legislation ending the Coronavirus Statutory Sick Pay Rebate Scheme (SSPRS) was laid before parliament on 9 September. Before the COVID-19 pandemic, employers were obliged to …
Adopting a tax year which is either aligned with the calendar year or with a calendar month-end would have clear benefits, according to a review from the Office of Tax Simplification (OTS). The review considers the high-level implications of moving the tax year end date to 31 December, and a …
A survey carried out by the Federation of Small Businesses (FSB) has suggested that the UK unemployment rate could rise by 50,000 as a result of the increase in national insurance contributions (NICs) for employers, sole traders and employees. The FSB carried out an assessment of the potential impacts of …
The UK government faces big choices this autumn if it wants to stimulate economic growth, the Confederation of British Industry (CBI) has said. Following the recent government announcement on plans to increase national insurance contributions (NICs) to support social care, UK business is clear that the time for further business …
At the end of July, 1.6 million people were still on furlough, the lowest level since the start of the pandemic and 340,000 fewer than a month earlier. But older people and the travel sector did less well, with half of eligible travel workers still on the scheme. Since the …
Labour supply problems could last for up to two years and will not be solved by the end of the Coronavirus Job Retention Scheme (CJRS), the Confederation of British Industry (CBI) has warned. The CBI said that although a lack of HGV drivers has dominated the headlines, the challenge extends to many other skilled professions. Marrying skills policies …
The Federation of Small Businesses (FSB) has stated that the current business rates system in England serves to ‘disincentivise businesses to invest in net zero and employee wellbeing measures’. In a letter to the government, the business group said that small firms should not be penalised with higher business rates …
British business confidence is at its highest level since April 2017, according to the latest Lloyds Bank Business Barometer. Confidence is being fuelled by hope that the economy will recover strongly to pre-pandemic levels. Firms in the manufacturing, services and construction sectors were the most optimistic that recovery would continue. …
The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, trade body UK Finance has confirmed. The decision to raise the contactless limit from £45 to £100 was made by HM Treasury and the Financial Conduct Authority (FCA) following a public …
Staff and supply shortages have taken their toll on the UK’s economic recovery this month, according to the latest IHS Markit/CIPS Purchasing Managers’ Index (PMI). August’s PMI hit a six-month low of 55.3, down from 59.2 in July. A score above 50 indicates growth, however the post-pandemic recovery appears to …
A survey carried out by resource management firm Veolia has revealed that 83% of businesses polled were not aware of the Plastic Packaging Tax, which is due to take effect from April 2022. The Plastic Packaging Tax is a new tax that will apply to plastic packaging manufactured in or …
The Federation of Small Businesses (FSB) has warned that rising prices and rail fare hikes threaten to stifle small firms’ recovery from the coronavirus (COVID-19) pandemic. Responding to data published by the Office for National Statistics (ONS) that showed that the Retail Prices Index (RPI) reached 3.8% and the headline …
HMRC has published a list of the most absurd excuses given by employers for not paying their employees the National Minimum Wage (NMW). HMRC noted that while the majority of employers pay their employees at least the NMW, it had received bizarre excuses for not paying the legal minimum. Some …
Employers have warned that businesses may be required to raise prices as a result of wage hikes. A survey carried out by job board Caterer.com revealed that many employers have experienced staff shortages since coronavirus (COVID-19) lockdown restrictions eased. The survey also found that 93,000 EU workers have lost their …
The Institute of Directors (IoD) has warned that staff shortages could impact the UK’s economic recovery from the coronavirus (COVID-19) pandemic. A survey of over 700 directors carried out by the IoD found that 44% of firms are currently experiencing staff shortages. 65% of businesses attribute the shortages to the …
The first ever UK Infrastructure Bank has opened for business with the aim of investing in sectors such as clean energy and transport. The bank was opened in Leeds by Chancellor Rishi Sunak, who announced its launch in March’s Budget. The UK Infrastructure Bank has an initial £12 billion of …
