The Competition and Markets Authority (CMA) has announced its economists will investigate the critical drivers and blockers of growth in upcoming research, following the publication of its third State of Competition report. Research, to be carried out the CMA's specialist Microeconomics Unit … [Read more...]
News for: General Business News
Specialist mortgage market to swell to £54 billion in next five years, finds Together research
The findings of research by Cheadle-based specialist lender, Together, has found demand for specialist mortgage lending has never been higher with lending continuing to surge over the next five years. Together's 2024 Residential Mortgage Market report reports the specialist lending market is … [Read more...]
Self Assessment taxpayers have 100 days left to file
HMRC is reminding Self Assessment taxpayers that they have 100 days left to file their returns pay any tax owed before the 31st January deadline. So far, over 3.5 million people have already submitted their Self Assessment returns. Starting Self Assessment early means taxpayers are more likely to … [Read more...]
Government appoints new Menopause Employment Ambassador on World Menopause Day
Campaigner and broadcaster Mariella Frostrup, has been appointed as the Government’s new Menopause Employment Ambassador, appropriately announced on World Menopause Day. World Menopause Day is held every year on 18th October to raise awareness of menopause and the support options available for … [Read more...]
One in three SME owners plan to sell by 2027, finds Handelsbanken research
New research conducted on behalf of Handelsbanken Wealth & Asset Management has found a significant year-on-year increase in the number of SME business owners looking to sell. According to the study, almost a third (30%) of SME owners plan to sell part or all of their business within the next … [Read more...]
Inflation falls to 1.7%
Inflation in September fell to 1.7%, according to the latest Consumer Price Index data from the Office of National Statistics (ONS). The rate, down 0.5 percentage points on the previous month's figure, marks the slowest rate of price growth since April 2021 and sees inflation fall to below the … [Read more...]
Manchester Airports Group announces £1.1 billion investment in London Stansted
Manchester Airports Group (MAG) has announced a £1.1 billion programme of investment into London Stansted as it nears completion of its £1.3 billion transformation of Manchester Airport. The announcement came as part of the UK's International Investment Summit on 14th October, and will see the … [Read more...]
Major deals and cuts to regulations set to be announced at International Investment Summit
Investment deals in growth sectors worth billions of pounds are expected to be announced by businesses and government ministers as the UK hosts its first International Investment Summit. Taking place today (14th October), the event will see CEOs and investors from around the world meet with … [Read more...]
UK economy returned to modest growth in August
Monthly GDP estimates from the Office of National Statistics (ONS) have revealed the UK economy grew 0.2% in August 2024. The ONS estimates follow 0% growth in economy in the previous month, and mean the overall economy grew 0.2% across the three months from June to August. Services output grew … [Read more...]
Companies House implements new non-compliance penalties
Registered companies and their directors are being warned of new penalties being introduced by Companies House for non-compliance with their legal responsibilities. As part of new powers granted to the body in the Economic Crime and Corporate Transparency Act 2023, businesses could face financial … [Read more...]
New tips legislation to come into effect
Hospitality businesses where staff receive tips need to make sure they are prepared for new legislation that comes into force on 1st October 2024. The new ‘tips act’ is designed to regulate tipping and ensure that tips are allocated fairly and transparently. The Employment (Allocation of Tips) … [Read more...]
Government announces reforms to apprenticeship system
Alongside publication of the first Skills England report highlighting nationwide skills gaps, the Government has announced a new growth and skills levy among reforms to the apprenticeship system. The growth and skills levy will replace the existing apprenticeship levy. The new levy, announced … [Read more...]
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