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You are here: Home / Archives for News / General Business News

News for: General Business News

August 15, 2022

CMA survey ranks service of British banks

A survey of thousands of individual and small business current account holders commissioned by the Competition and Markets Authority (CMA) has ranked how well retail banks are supporting their customers. Smaller banks and challengers to the traditional major players in British banking topped the … [Read more...]

Spring Statement reveals UK's modern industrial strategy SME Action Plan unveiled by BEIS

August 15, 2022

Government to consider further relief for energy intensive industries

As energy costs continue to rise, the government is consulting of further relief for businesses worst affected, including steel, paper, glass, ceramics, and cement manufacturers. The government is launching a consultation on plans to increase exemptions for certain environmental and policy costs … [Read more...]

BT launches partnership with Barclaycard to deliver support for small businesses

August 12, 2022

BT launches partnership with Barclaycard to expand support for small businesses

Telecoms provider, BT, has announced Barclaycard Payments' has joined its partnership network, aimed at supporting small businesses across the UK. The network, designed for micro-businesses of up to 5 employees, allows BT customers to receive additional perks across broadband, mobile, tech, … [Read more...]

Rise in business confidence revealed in North West PMI survey

August 11, 2022

NatWest warns of growing strain on North-west economy despite rise in activity in July PMI

High street bank, NatWest, has warned that uncertainty and high inflation are putting an increasing strain on the North-west economy, despite its July Purchasing Manager's Index (PMI) revealing a modest rise in activity. The monthly PMI survey showed a slight drop in NatWest's headline North West … [Read more...]

HMRC Advice

August 8, 2022

HMRC updates late payment interest rates after Bank of England base rate rise

HMRC has updated its late payment interest rates following the Bank of England's decision to raise its base rate to 1.75%. As HMRC late payment rates are linked to the Bank of England base rate, its interest rates will also increase to 0.75%. The repayment rate, set in legislation, is set at Bank … [Read more...]

Hallidays in Stockport

August 8, 2022

Recovery Loan Scheme and growth forecasts are Hallidays’ top financial headlines in August

The relaunched Recovery Loan Scheme and IMF growth forecasts are the top financial headlines in August as Stockport accountancy firm, Hallidays, share their run down of the key stories for business this month. Recovery Loan Scheme to be relaunchedThe Recovery Loan Scheme (RLS) will be relaunched … [Read more...]

August 4, 2022

Sixth consecutive rise brings interest rate to 1.75%

The Bank of England's Monetary Policy Committee has agreed to increase the base interest rate to 1.75%, the sixth consecutive rise. Economists at the Bank of England voted 8-1 in favour of the 0.5 percentage point increase, putting rates at their highest since January 2009 at the beginning of the … [Read more...]

August 4, 2022

New funding announced to boost overseas recognition of professional qualifications

The UK government has announced it will offer grants up to £75,000 to help regulators and business organisations have professional qualifications recognised overseas. The move aims to help boost exports within the service industries and make it easier for accountants, lawyers, architects and … [Read more...]

Covid Recovery Loan Scheme extended for additional two years

August 3, 2022

Details released of latest Recovery Loan Scheme

Details have been released of the latest iteration of the government-backed Recovery Loan Scheme to help businesses invest and grow out of the Covid-19 pandemic. The scheme, which was launched in April 2021, was extended by the Chancellor for a further two years in July after having already … [Read more...]

Cost of Living payments

August 3, 2022

HSBC and Taylor Wimpey become latest to offer Cost of Living payments to workforce

High-street bank HSBC, and housebuilder Taylor Wimpey have joined the growing number of UK businesses supporting their lower-paid workers with one-off Cost of Living Payments. In announcing their latest half-year results, Taylor Wimpey has revealed the business will make a cost of living payment … [Read more...]

use your pension to save tax

August 1, 2022

New type of pension scheme launches

A new type of pension scheme has launched, with applications now open from 1st August in Great Britain. Collective Defined Contribution (CDC) pension schemes aim to offer improved retirement returns for savers, with more predictable costs for employers as an alternative to the two existing models … [Read more...]

New government guidance published to clarify workers' employment status and rights

July 26, 2022

New government guidance published to clarify workers’ employment status and rights

New guidance published by the government aims to help businesses and workers gain clarity over their employment status and rights. A person’s employment status is what defines the rights and employment protections they are entitled to at work including pay, leave, and working conditions and … [Read more...]

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Get the latest Stockport business news daily

Business News

  • North-west businesses report demand concerns in ICAEW monitor Administrations up 60% in North-west but remain below pre-pandemic levels
  • Rise in business confidence revealed in North West PMI survey NatWest warns of growing strain on North-west economy despite rise in activity in July PMI
  • Covid Recovery Loan Scheme extended for additional two years Details released of latest Recovery Loan Scheme
  • Cost of Living payments HSBC and Taylor Wimpey become latest to offer Cost of Living payments to workforce

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