Retail footfall and sales figures for the December and the festive season have revealed a mixed outlook for the sector for 2025. With household spending continuing to the be squeezed, discount supermarkets Aldi and Lidl have both announced record breaking Christmas performance. Aldi saw a 3.4% … [Read more...]
News for: General Business News
Bank of England holds base rate at 4.75%
The Bank of England's Monetary Policy Committee (MPC) has voted to maintain the bank's base interest rate at 4.75%. The decision follows inflation data published by the Office of National Statistics (ONS) revealing a second consecutive rise in the Consumer Price Index to 2.6% in November 2024, … [Read more...]
Inflation rose to 2.6% in November
Inflation rose to 2.6% in November according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS). The increase of 0.3 percentage points on October's inflation data means prices in November at their fastest rate since March, with goods on average 2.6% more … [Read more...]
Eamonn Boylan to step down from New Towns Taskforce
Interim Chair of Stockport Mayoral Development Corporation (MDC), Eamonn Boylan, will step down from his role on the government's New Towns Taskforce, ahead of taking on the interim Chief Executive role at Homes England in January 2025. Boylan, who stepped down this year as Chief Executive at … [Read more...]
Devolution White Paper promises greater powers for regional Mayors
The UK Government has published its English Devolution White Paper, which promises an expansion of powers for regional Mayors. The White Paper sets out plans for regional Mayors, such as already exist in Greater Manchester and other urban areas across the North, to become the standard for local … [Read more...]
Handelsbanken research finds over half of adults don’t have a will in place
Over half (57%) of UK adults don’t have a will in place, including a third (32%) of over-55s, research conducted for Handelsbanken Wealth & Asset Management has revealed, while 18-34-year-olds (79%) were the most likely not to have a will. Findings highlight a critical gap in estate planning … [Read more...]
UK joins Asia-Pacific trade bloc bringing £310 million boost to North West economy
The UK has officially joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade agreement, which is set to boost the UK economy by up to £2 billion a year, with £310 million of gains in the North West. The trade bloc, comprising Canada, Australia, Japan, … [Read more...]
Evaluation of Start Up Loans programme reveals benefits for entrepreneurs
An independent evaluation into the British Business Bank's Start Up Loans programme has found small businesses accessing this funding have higher survival rates. Research conducted by SQW working in partnership with Warwick Business School's Professor Mark Hart, Qa Research and The Data City, … [Read more...]
Small businesses invited to share challenges faced in FSB survey
The Federation of Small Businesses (FSB) has launched its first Small Business Index Survey six weeks since October's Budget. The latest FSB Small Business Index Survey for the final quarter of 2024 will be the first since the October Budget, which was the first to be delivered by a Labour … [Read more...]
Planning process to be overhauled in bid to accelerate housebuilding
Deputy Prime Minister Angela Rayner has set out plans to speed up the planning process and overhaul local planning committees as part of measures to accelerate housebuilding and stimulate economic growth. Proposals will allow for applications that comply with local development plans to bypass … [Read more...]
HMRC reminds there is still time for Self Assessment taxpayers to set up a Time to Pay plan
HMRC is reminding Self Assessment taxpayers who may worried about being able to pay their tax bill in full that there is still time to set up a Time to Pay plan and make monthly payments. More than 15,000 Self Assessment customers have already set up a Time to Pay payment plan for the 2023 to … [Read more...]
HMRC launches new online tools for sole traders
Ahead of Small Business Saturday on 7th December, HMRC has launched new online tools for people working for themselves and individuals considering self-employment. The new interactive tool aims to give new and existing sole traders clearer guidance about records they may need to keep, taxes that … [Read more...]
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