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...]
News for: General Business News
£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...]
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...]
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...]
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...]
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...]
Online training course launches to support small business leaders with management skills
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...]
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...]
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