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

News for: General Business News

Support measures announced for mortgage holders following interest rate rise

May 21, 2024

UK property investors look to English regions to grow portfolios, finds Handelsbanken research

Commercial and residential property investors are increasingly turning away from the capital in favour of other English regions to grow their portfolios, new research from Handelsbanken has found. The East of England, North East and Cumbria, and North West regions have all overtaken the … [Read more...]

View of Interchange showing part of new bus station and rooftop park

May 20, 2024

Homes England exceeds target for new homes

Provisional figures have shown that the national housing and regeneration agency, Homes England, has exceeded its government target for delivery of new homes in 2023/24. The strong performance comes despite a challenging year of trading conditions for the sector, and have seen more than 32,000 … [Read more...]

May 16, 2024

Government White Paper looks to ease regulatory burden

A new government White Paper has set out new principles for UK regulators to help reduce the bureaucratic burden on British businesses. The paper, published 16th May, makes use of the UK's greater regulatory freedoms brought about by its departure from the European Union. Features set out include … [Read more...]

May 15, 2024

Local authorities to gain new powers to fill empty shops

New powers are to be granted to local authorities across England to help address high numbers of empty retail units on British high streets. From this summer, High Street Rental Auctions will allow local leaders to take control of empty shops on high streets and rent them out to local businesses … [Read more...]

May 15, 2024

Dealmaking VAT reclaim black hole losing British businesses millions

The UK’s £200 billion dealmaking industry could be missing out on around £150 million of VAT rebates for costs such as professional fees that are not being reclaimed, according to new research into the UK’s M&A sector by Azets, the top ten accountancy and advisory firm. M&A VAT costs that … [Read more...]

May GDP data reveals stagnation in UK economy

May 10, 2024

UK economy returned to modest growth in first three months of 2024

The UK economy saw 0.6% growth during the first quarter of 2024 according to the latest GDP data from the Office of National Statistics (ONS). The return to growth for the UK economy brings to an end the short recession in the latter half of 2023 which saw two consecutive quarters of contraction … [Read more...]

Homes England announce new development finance fund for SME housebuilders

May 2, 2024

New reforms take effect to support local councils to build more affordable housing

New reforms have come into force that will make it cheaper and easier for local councils to buy land to build more affordable housing. Changes coming into effect will allow councils to purchase land through Compulsory Purchase Orders without needing to pay 'hope value' costs. ‘Hope value’ … [Read more...]

Photo by DeepMind on Unsplash

May 1, 2024

£6.4 million AI upskilling fund launched to help SMEs benefit from new technology

Small and medium sized enterprises (SMEs) can now bid for a share of a £6.4 million government fund to help train their workforce to use artificial intelligence (AI) to boost productivity and efficiency. Sectors able to benefit include law, accountancy, scientific research and human resources, … [Read more...]

Financial services UK export success

April 30, 2024

UK Export Finance publishes plans for firms to win £12.5 billion of new business by 2029

Government export credit agency, UK Export Finance (UKEF), has published its new 2024-29 business plan, setting out how it intends to support businesses to secure £12.5 billion in new export opportunities. Through to 2029, UKEF also plans to support businesses deliver £5 billion of investment … [Read more...]

April 30, 2024

National Insurance cut hits payslips

The 27 million UK workers on monthly salaries will have benefited from a cut in the rate of National Insurance in their April payslips. The April cut to National Insurance Contributions, announced in the Spring Budget in March, has seen the rate paid fall from 10% in January (and 12% in April … [Read more...]

Smart devices

April 29, 2024

New cybersecurity standards come into effect for smart technology

Manufacturers of smart devices now must comply with new standards to minimise the cybersecurity risk to businesses' and individuals' data from internet-enabled technology. The UK is the first country in the world to set minimum security standards in law aimed at making it harder for cyber … [Read more...]

Nicola Clark Restructuring and Insolvency Partner with Top 10 accountancy firm Azets

April 29, 2024

Azets sees ‘light at the end of the tunnel’ in latest insolvency statistics

The latest company insolvency statistics show that there is 'light at the end of the tunnel' according to Nicola Clark, Restructuring & Insolvency Partner at Azets. The latest government insolvency statistics found there were 1,815 company insolvencies in England and Wales in March 2024, down … [Read more...]

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