Business News

21 Nov 2017

Survey suggests two in five SMEs ‘unprepared’ for new GDPR

A survey carried out by the Data Compliance Doctors has suggested that two in five UK small and medium-sized enterprises (SMEs) - around 2.1 million businesses - are unprepared for the upcoming introduction of the new General Data Protection Regulation (GDPR).

20 Nov 2017

Lowering VAT threshold would put SMEs at a disadvantage, FSB warns

The Federation of Small Businesses (FSB) has warned that lowering the VAT threshold would ‘drain small businesses of time and money’.

17 Nov 2017

TUC urges Chancellor to use Autumn Budget to 'end wage squeeze'

The Trades Union Congress (TUC) has urged Chancellor Philip Hammond to use next week's Autumn Budget to put an end to the 'wage squeeze' currently plaguing UK workers.

16 Nov 2017

Government delays Tax-Free Childcare scheme for parents of older children

The government has delayed its new Tax-Free Childcare scheme for parents of children aged between seven and 12.

15 Nov 2017

Paper £10 notes set to be demonetised

The Bank of England (BoE) has announced that paper £10 notes will cease to be legal tender in England and Wales after 1 March 2018.

14 Nov 2017

Fraud costs UK £190 billion per annum, data suggests

Data published by credit service agency Experian has suggested that fraudulent activity now costs the UK £190 billion per year.

13 Nov 2017

CBI urges UK businesses to adopt ‘readily available technologies’

In a new report, the Confederation of British Industry (CBI) has urged UK businesses to adopt ‘tried and tested’ technologies in order to help reduce inequality between productivity and pay.

10 Nov 2017

Chancellor urged to remove age-related tax inequalities in Autumn Budget

In a new report, think tank the Resolution Foundation has urged Chancellor Philip Hammond to tackle age-related tax inequalities in the upcoming Autumn Budget.

09 Nov 2017

Bank of England survey indicates pay growth set to surge in 2018

A survey carried out by the Bank of England (BoE) has indicated that wage growth is set to accelerate in 2018 as businesses begin to increase wages amid recruitment difficulties.

08 Nov 2017

OTS publishes recommendations for simplifying VAT

In a new report, the Office of Tax Simplification (OTS) has outlined a range of measures intended to help simplify VAT.

07 Nov 2017

Business confidence low despite rise in profits, ICAEW finds

A survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) has revealed that confidence levels amongst UK businesses are below zero, despite an increase in profit growth.

06 Nov 2017

FSB responds to government’s decision to delay abolition of Class 2 NICs

The Federation of Small Businesses (FSB) has responded to the government's decision to delay the abolition of Class 2 national insurance contributions (NICs), branding it ‘regrettable and costly’.

03 Nov 2017

Bank of England raises interest rates for first time in 10 years

The Bank of England (BoE) has raised interest rates from 0.25% to 0.5% - marking the first rate rise in ten years.

02 Nov 2017

Brexit vote 'has cost UK households £600 per year', data suggests

A study carried out by think tank the National Institute of Economic and Social Research (NIESR) has suggested that the Brexit referendum has 'cost UK households over £600 per year'.

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