The Low Pay Commission (LPC) has advised the government to take steps towards uplifting minimum pay for those aged 18-20 to bring it in line with the National Living Wage. In its report published on 27th March, the LPC has recommended considering the case for reducing the NLW age of eligibility, … [Read more...]
News for: General Business News
HMRC halts plans to cut back helpline services
Changes to HM Revenue and Customs’ (HMRC) helpline services are being halted in response to public feedback to its plans, and to trials during 2023. Changes to helpline services aimed at encouraging people to go online first before contacting HMRC via phone or webchat were trialled over the last … [Read more...]
Latest fall sees inflation drop to lowest level in nearly two and a half years
The Office of National Statistics (ONS) has reported that February 2024 saw inflation fall to its lowest since September 2021, with its headline Consumer Price Index (CPI) now at 3.4%. The fall, down 0.6 percentage points on January's figure, has helped largely by a slowdown in food and drink … [Read more...]
Prime Minister announces reforms to boost apprenticeships and support small businesses
Prime Minister Rishi Sunak is to announce a number of reforms to support apprenticeships and small businesses in his speech addressing the Business Connect conference. Among the expected announcements he is set to make in Warwickshire today (18th March) include funding to support more … [Read more...]
John Lewis Partnership announces return to profit
Employee-owned retail group, John Lewis Partnership, has announced a return to profit for the 2023/24 financial year (ended 27th January 2024) in its unaudited annual results. The group, which includes John Lewis Cheadle in Stockport, as well as the Waitrose supermarket chain, has revealed a £120 … [Read more...]
Handelsbanken reveals scale of gender wealth gap in new report
Women in the UK are considerably worse off than their male counterparts, according to new research into the gender wealth gap by Handelsbanken Wealth & Asset Management. Handelsbanken Wealth & Asset Management’s report, ‘Gender and generation: unravelling the wealth gap’, has been … [Read more...]
Chancellor announces range of tax changes in 2024 Budget
Chancellor of the Exchequer, Jeremy Hunt, presented his 2024 Budget to the House of Commons on Wednesday 6th March. Addressing the fellow MPs, the Chancellor outlined improvements made in the economy since taking office in 2022, including a slowing in the rate of inflation from 11% to 4%, but … [Read more...]
Australian pension fund plans further £8 billion investment in UK by 2030
Australian Super, the country's largest pension fund, is expected to invest an additional £8 billion and take its total investment in the UK to £18 billion by 2030. AustralianSuper currently has around £8 billion already invested in the UK, and holds a further £2.5 billion in UK-listed equities, … [Read more...]
£360 million investment announced for manufacturing and life sciences sectors
The Chancellor has announced a £360 million investment package into the UK's life sciences and manufacturing sectors ahead of the Spring Budget. Funding will go to support organisations and projects delivering technological advances in areas that are key to economic growth, such as health … [Read more...]
DLUHC and RTPI work to recruit next generation of planning officers
The Department for Levelling Up, Housing and Communities (DLUHC) and the Royal Town Planning Institute (RTPI) are taking action to address the shortage of Planning Enforcement Officers across councils nationwide. Enforcement officers work within the planning system to safeguard the public and the … [Read more...]
Employers urged to boost support for autistic people
A government-backed review has outlined how UK employers can do more to support autistic people access and stay in employment. DWP figures have found around 30% of working age autistic people are in employment, compared with half of all disabled people and 8 in 10 non-disabled people, despite the … [Read more...]
UK to host UN-backed centre for circular economy research
The UK will establish the world’s first United Nations-backed centre for the research and development of the circular economy. The establishment of the International Centre of Excellence on Sustainable Resource Management in the Circular Economy in the UK recognises the country's existing … [Read more...]
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