Registered companies and their directors are being warned of new penalties being introduced by Companies House for non-compliance with their legal responsibilities. As part of new powers granted to the body in the Economic Crime and Corporate Transparency Act 2023, businesses could face financial … [Read more...]
News for: General Business News
New tips legislation to come into effect
Hospitality businesses where staff receive tips need to make sure they are prepared for new legislation that comes into force on 1st October 2024. The new ‘tips act’ is designed to regulate tipping and ensure that tips are allocated fairly and transparently. The Employment (Allocation of Tips) … [Read more...]
Government announces reforms to apprenticeship system
Alongside publication of the first Skills England report highlighting nationwide skills gaps, the Government has announced a new growth and skills levy among reforms to the apprenticeship system. The growth and skills levy will replace the existing apprenticeship levy. The new levy, announced … [Read more...]
Call for evidence to launch as part of government plans to accelerate brownfield development
The Ministry of Housing, Local Government and Communities is to launch a call for evidence exercise to explore how to help accelerate housing development on brownfield sites. The government is exploring how to introduce a 'brownfield passport' to that will expedite planning processes where … [Read more...]
Microsoft to end support for older Windows operating systems in October 2025
Microsoft has announced it will end support for Windows 7, Windows 8.1 and Windows 10 operating systems in October 2025, and is encouraging all PC users to upgrade. From October 14th 2025, Microsoft will stop releasing technical support and security updates for the operating systems and is … [Read more...]
New legislation announced to address late payments to small businesses
The government is to consult on new legislation to address late payments to small businesses, which costs SMEs £22,000 a year and a combined 56 million hours in lost productivity. A new Fair Payment Code and fresh rules on company reporting are among proposals to hold larger firms to account and … [Read more...]
Stockport MDC Chair among housing and regeneration experts to sit on new government housebuilding taskforce
Interim Chair of Stockport Mayoral Development Corporation (MDC), Eamonn Boylan, is among the members panel of housing and regeneration experts who will sit on the government's newly-created New Towns Taskforce. The New Towns Taskforce, which met for the first time in Milton Keynes on 17th … [Read more...]
Inflation holds at 2.2% in August
Latest inflation data from the Office of National Statistics (ONS) has found that prices rose 2.2% over the 12 months to August 2024, the same rate as recorded the previous month. The latest Consumer Price Index (CPI) data from the ONS sees inflation remain slightly above the Bank of England's 2% … [Read more...]
New rules for banks aim to promote investment in UK economy
The Prudential Regulation Authority (PRA) has proposed new rules for banks and building societies to ensure competitiveness in the financial system and promote investment in the UK economy. Proposed reforms are part of the internationally agreed Basel 3 framework and will mark an end to capital … [Read more...]
Data centres to gain Critical National Infrastructure designation
Data centres across the UK will be designated as Critical National Infrastructure, Technology Secretary Peter Kyle has announced, in recognition of their increasingly important role in modern life. Data housed and processed in UK data centres, including medical records and financial data, is less … [Read more...]
Amazon Web Services to invest £8 billion in UK digital infrastructure
Amazon Web Services (AWS) is to invest £8 billion in over the next five years within its data centre supply chain in the UK following discussions with the Chancellor. Investment is expected to contribute £14 billion to UK GDP by 2028, and support around 14,000 jobs, both within AWS data centres, … [Read more...]
New Labour Market Advisory Board launched to address rising economic inactivity
A new body has launched to advise government on addressing the rising economic inactivity among working age people in the UK. The Labour Market Advisory Board brings together experts from across business, industrial relations and academia to advise government on how to bring down to the rising … [Read more...]
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