Legislation to ensure large scale events are better prepared to respond to terrorism, dubbed 'Martyn's Law' has gained Royal Assent and become law. ‘Martyn’s Law’ is named in tribute to Martyn Hett, originally from Stockport, who was tragically killed alongside 21 others in the Manchester Arena … [Read more...]
News for: General Business News
New recycling rules come into effect for businesses
New rules have come into force setting out how businesses should sort their waste and recycling as part of wider plans to boost recycling rates. Workplaces with 10 or more employees will now be required to arrange collection of dry recyclable materials – including plastic, metal, glass, and paper … [Read more...]
April squeezes finances as new higher charges take effect
Almost everyone in the country is about to feel the burden of price rises and tax hikes that are set to hit household and business finances from April 2025. Households will be hit with soaring bills, while businesses also face a rise in Employers National Insurance Contributions and an uplift in … [Read more...]
New cyber laws to boost security requirements for data centres and MSPs
Data centres, Managed Service Providers (MSPs) and critical infrastructure such as hospitals and energy suppliers will be required to strengthen their cyber security under new government plans. The government's Cyber Security and Resilience Bill, first announced in the King's Speech last year … [Read more...]
WHSmith brand to disappear from high streets following sale of stores
WHSmith has confirmed the sale of its high street retail business to Hobbycraft owner, Modella Capital, as it looks to focus operations on its higher growth travel retail markets. The historic newsagents will retain its 1,200 stores in hospitals, train stations, airports and motorway services in … [Read more...]
Tech entrepreneur appointed to lead Innovate UK
Tech entrepreneur and founder of Metail, Tom Adeyoola, has been recommended to as executive chair of Innovate UK, which directs government investment into innovation and research being carried out by British businesses. Innovate UK is the UK's largest national public research funder and also … [Read more...]
£600 million investment to address national construction sector skills shortages
Ahead of her upcoming Spring Statement, Chancellor Rachel Reeves has announced £600 million investment to boost training and tackle skills shortages in the construction industry. Funding will enable training of up to 60,000 skills construction workers by 2029, including joiners, bricklayers, … [Read more...]
Businesses face ‘wake up’ call about international VAT and customs obligations, warns Azets
VAT specialists at accountancy and advisory firm, Azets, have warned that international VAT and Customs Duty rules are like an iceberg ready to strike unsuspecting businesses. Keith Miller, VAT Partner at the firm, says many businesses do not fully understand VAT and Customs Duty rules for … [Read more...]
Bank of England holds base interest rate at 4.5%
The Bank of England's Monetary Policy Committee (MPC) has voted to hold its base interest rate at 4.5% after agreeing a small 0.25 percentage point fall in February. The decision follows recent rising inflation, which saw the CPI rise to 3% in January, and sparked some speculation that the Bank's … [Read more...]
National Living Wage increase to take effect from 1st April
New rates of the National Minimum and National Living wage will come into effect from April 1st 2025, and businesses are reminded to ensure they are prepared for payroll changes. The new minimum rates of pay will see those aged 21 and over paid a National Living Wage of £12.21, a 77p increase on … [Read more...]
Chancellor meets regulators to reduce red tape on businesses
Chancellor of the Exchequer, Rachel Reeves, has met with leaders of UK regulators amid plans to cut red tape on businesses. The Chancellor's plans look to ensure the UK's regulatory environment supports economic growth and does not place unnecessary costs or bureaucratic burdens on businesses … [Read more...]
Businesses have until 1st April to submit data under producer responsibility for packaging scheme
Businesses affected by the extended producer responsibility for packaging (pEPR) scheme, introduced last year, have until 1st April to submit their data. Under legislation which came into force from 1st January 2024, large businesses must submit data for July to December 2024 by the deadline, … [Read more...]
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