A new online training course as part of the government backed Help to Grow scheme has launched to support small business leaders to develop their management skills. Help to Grow: Management Essentials offers practical tips and resources based on the content of the more in-depth 12-week Help to … [Read more...]
News for: General Business News
Handelsbanken finds half of Brits fear a fall in living standards
Nearly half (46%) of UK adults are worried that their standard of living will fall over the next 12 months, according to research conducted for Handelsbanken Wealth & Asset Management. Despite recent declines, energy prices still top people’s biggest concerns on the factors threatening their … [Read more...]
New Code of Practice to protect workers’ tips
A Code of Practice to ensure fair distribution of tips is set to go before Parliament, with new rules expected to be in place by October 2024. The updated Code of Practice will have legal effect under then Employment (Allocation of Tips) Act 2023, and will make it unlawful for businesses to hold … [Read more...]
Wet wipes containing plastic set for ban in latest action on plastic pollution
The supply and sale of wet wipes containing plastic is it be banned following overwhelming public support during a consultation process. The ban follows similar action on other single-use plastic products: plastic cotton buds, drinks stirrers and straws were banned from 2020, with a ban on some … [Read more...]
Coventry Building Society to acquire Co-operative Bank
Coventry Building Society has agreed to acquire Manchester-based Co-operative Bank in a £780 million deal. West Midlands-based Coventry Building Society is the UK's second largest mutual and the takeover of Co-operative Bank would make the combined group the country's seventh largest lender with … [Read more...]
Treasury to consult on plans to extend VAT relief for business charitable donations
A consultation is set to launch on plans to extend VAT relief for business charitable donations where goods given will go on to be distributed for free. Currently firms do not pay VAT on any goods they donate which are then sold on, such as clothes, hygiene supplies and cleaning products. … [Read more...]
Inflation falls to two-and-a-half year low
The annual rate of inflation fell to 3.2% in March 2024, according to the latest Consumer Price Index (CPI) figures from the Office of National Statistics (ONS), its lowest level in two and a half years. The latest fall represents a 0.2 percentage-point drop on February's figures, with March's … [Read more...]
£1.5 million investment announced to improve in-work health services
Five projects are being supported with a total of £1.5 million government funding as part of investment into occupational health services and reducing in-work sickness. Funding will support new and innovative ways to improve occupational health services which can eventually be scaled-up and made … [Read more...]
Early Easter boosts March retail sector performance
An early Easter has helped deliver a strong March for the retail sector, according to analysis from the British Retail Consortium (BRC). The BRC's analysis for the five weeks from 25 February to 30 March 2024 found retail sales were up 3.5% on the same period in 2023, and above both the 12-month … [Read more...]
National Insurance rate cut takes effect for 29 million workers
Approximately 29 million people will benefit from paying a reduced rate of National Insurance from 6th April following announcement of the cut in the Spring Budget. The main rate of employee National Insurance has dropped to 8% for employees, down from 10% as of January 2024, and 12% this time … [Read more...]
John Lewis Partnership appoints new Chairman
Retail group, John Lewis Partnership, has appointed Tesco executive Jason Tarry as the retailer's new Chairman, replacing Sharon White who will step down at the end of her term in September. Jason Tarry brings over 33 years experience at the supermarket, most recently as UK & Ireland CEO for … [Read more...]
Energy Ombudsman support to expand to cover all businesses with fewer than 50 employees
Small businesses with fewer than 50 employees will be entitled to free support from the Energy Ombudsman on disputes with their energy supplier under an expansion of the scheme. The change is part of a joint effort by government and energy sector regulator, Ofgem, to tackle unfair practices … [Read more...]
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