The Association of Accounting Technicians (AAT) has warned businesses could be exposed to greater risks of money laundering under new Treasury proposals currently being considered in a public consultation. A public consultation launched in June 2023 on plans that would see a single private … [Read more...]
News for: General Business News
Record numbers off work due to long-term illness, finds new research
One in 16 of the UK's working age population (16-64 years old) is off work due to long-term illness, the Society of Occupational Medicine (SOM) has revealed. The organisation representing occupational health professionals has released the results of a new study into how ill-health is affecting … [Read more...]
Government-backed training schemes launch to improve skills in low-carbon heating
Two government training schemes have launched today to see up to 12,000 people in England gain skills in installing insulation and low-carbon heating. Up to 8,000 people, including current installers and those new to the industry, will be able to develop skills needed to retrofit homes with … [Read more...]
Bank of England holds interest rates at 5.25%
The Bank of England's Monetary Policy Committee has opted to hold interest rates at 5.25% following yesterday's (20th September) surprise fall in inflation. Economists at the bank voted 5-4 in favour of holding the rate at 5.25%, with those opposing the decision calling for a 0.25 percentage … [Read more...]
ONS records slight drop in inflation
Inflation fell slightly from 6.8% in July to 6.7% in August, according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS). The latest decline, albeit just by a tenth of a percentage point, brings inflation to lowest level in 16 months. The main contributing … [Read more...]
New advisory service to launch supporting businesses with AI and digital innovations
A new advisory service is to be piloted from next year to help businesses with AI and digital innovations meet regulatory requirements. The scheme will bring together regulators from a range of sectors to develop a multi-agency service to offer tailored support for businesses bringing new AI and … [Read more...]
Two weeks remain to register for Self Assessment for 2022-23 tax year
HMRC is reminded those who are have to pay tax via Self Assessment for the first time for the 2022-23 to register by 5th October. If a customer has any income that they have not already paid UK tax on, they need to register for Self Assessment. New Self Assessment customers could be someone who … [Read more...]
Employees to gain right to request predictable working patters
Workers on atypical contracts such as zero-hours contracts will able to demand more predictable patterns of work following the Predictable Working Act gaining Royal Assent. The Act gives workers the right to request a predictable working pattern from their employers and aims to redress the … [Read more...]
Administrators announce all remaining Wilko stores to close
Joint administrators, PwC, have announced the closure all Wilko stores still trading by early October 2023, with the decision resulting in the redundancies of over 9,000 staff. Closures had been announced last week for over fifty stores to close, including the Stockport branch, as a buyer … [Read more...]
B&M deal to save up to 51 Wilko stores from closure
Discount retailer B&M has agreed a £13 million deal to take on up to 51 stores from household goods retailer, Wilko, which entered administration last month. Details of the stores B&M is set to take over have not been announced, though they are unlikely to include those in locations where … [Read more...]
Consultations launch on plans to ensure clear pricing to consumers
The Department for Business and Trade (DBT) is launching a number of consultations on proposed measures to boost transparency and fairness to consumers, particularly over pricing. Among the consultations being launched, the government is considering stronger measures to tackle 'drip pricing' … [Read more...]
Wilko redundancies suspended as administrators weigh up bids
Wilko will not be proceeding with redundancies while joint administrators, PwC, consider bids to sell, trade union, GMB, has said. The household goods retailer fell into administration earlier this month after ongoing cash flow challenges. Wilko employs around 12,500 across its 400 stores, head … [Read more...]
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