Voters in Stockport are being asked to go to the polls once again as Rishi Sunak calls a General Election to take place on 4th July. The announcement ends recent speculation as to when a General Election, due by January 2025, would take place, with the Prime Minister having previously stated one … [Read more...]
News for: General Business News
Inflation falls further to 2.3%
Inflation has fallen in April to 2.3%, its lowest rate in nearly three years and close to the Bank of England's 2% target, latest data from the Office of National Statistics (ONS) has shown. The ONS Consumer Price Index (CPI) has revealed its headline measure of inflation has fallen to 2.3% in … [Read more...]
UK property investors look to English regions to grow portfolios, finds Handelsbanken research
Commercial and residential property investors are increasingly turning away from the capital in favour of other English regions to grow their portfolios, new research from Handelsbanken has found. The East of England, North East and Cumbria, and North West regions have all overtaken the … [Read more...]
Homes England exceeds target for new homes
Provisional figures have shown that the national housing and regeneration agency, Homes England, has exceeded its government target for delivery of new homes in 2023/24. The strong performance comes despite a challenging year of trading conditions for the sector, and have seen more than 32,000 … [Read more...]
Government White Paper looks to ease regulatory burden
A new government White Paper has set out new principles for UK regulators to help reduce the bureaucratic burden on British businesses. The paper, published 16th May, makes use of the UK's greater regulatory freedoms brought about by its departure from the European Union. Features set out include … [Read more...]
Local authorities to gain new powers to fill empty shops
New powers are to be granted to local authorities across England to help address high numbers of empty retail units on British high streets. From this summer, High Street Rental Auctions will allow local leaders to take control of empty shops on high streets and rent them out to local businesses … [Read more...]
Dealmaking VAT reclaim black hole losing British businesses millions
The UK’s £200 billion dealmaking industry could be missing out on around £150 million of VAT rebates for costs such as professional fees that are not being reclaimed, according to new research into the UK’s M&A sector by Azets, the top ten accountancy and advisory firm. M&A VAT costs that … [Read more...]
UK economy returned to modest growth in first three months of 2024
The UK economy saw 0.6% growth during the first quarter of 2024 according to the latest GDP data from the Office of National Statistics (ONS). The return to growth for the UK economy brings to an end the short recession in the latter half of 2023 which saw two consecutive quarters of contraction … [Read more...]
New reforms take effect to support local councils to build more affordable housing
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...]
£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...]
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