The UK's creative industries, from grassroots venues to film studios, are set to benefit from a £380 million government investment package. Investment forms part of the government's Creative Industries Sector Plan, which sets out the approach to developing the sector in a way that drives regional … [Read more...]
News for: General Business News
Government backed housing bank aims to support 500,000 new homes
A new government-backed 'housing bank' aims to unlock billions in private investment and enable the building of 500,000 new homes across England. The National Housing Bank, a subsidiary of Homes England, will be publicly owned and backed with £16 billion of financial capacity, on top of £6 … [Read more...]
New Small Business Commissioner appointed to tackle late payments
Emma Jones CBE, founder of Enterprise Nation, has been announced as the new Small Business Commissioner, and will take a leading role in tackling late payments and unfair payment practices that face many SMEs. Jones will take over from outgoing commissioner, Liz Barclay on 23rd June. Liz Barclay … [Read more...]
AI tool launched to help address planning delays
The UK government has announced the roll out of a new AI tool to enable local authority planning officers to process applications more quickly and reduce delays. Speaking at London Tech Week, Prime Minister Sir Keir Starmer announced the launch of “Extract” – an AI assistant developed by … [Read more...]
Pension reforms aim to boost investment and retirement savings
Government has set out planned reforms to pension schemes that aim to unlock greater investment in infrastructure projects and deliver higher returns on savings. Proposals set to be introduced in the Pension Schemes Bill will mean all multi-employer Defined Contribution pension schemes and Local … [Read more...]
Planning changes announced to benefit SME housebuilders
Changes to the planning system have been proposed to make processes easier for SME housebuilders to bring forward smaller developments. While smaller firms provide local jobs and train eight in ten construction apprentices, their market share has shrunk considerably since the 1980s. Changes … [Read more...]
UK Inflation rises to 3.5% in April, surpassing forecasts
The latest Consumer Prices Index (CPI) figures released this morning, 21st May, by the Office for National Statistics (ONS) show UK inflation rose to 3.5% in April – its highest level since February 2024. While a poll of City economists had forecast a rise to 3.3%, and analysts at the Bank of … [Read more...]
Strong Q1 for exporters, finds new UK Trade Barometer report
More than 60% of British exporters saw an increase in overseas sales in the first three months of the year, the latest UK Trade Barometer report has shown. The findings released by UK’s largest group of airports – MAG – and the Growing Together Alliance of regional business bodies, also showed … [Read more...]
HMRC revises interest rates following Bank of England rate cut
Following the Bank of England's decision to cut its base interest rate to 4.25%, HMRC is advising that its interest rates on late payments and repayments will also change. HMRC interest rates are set in legislation and are linked to the Bank of England base rate. Late payment interest is … [Read more...]
Bank of England announces cut in interest rates
Economists on the Bank of England's Monetary Policy Committee have voted to cut interest rates from 4.5% to 4.25%. MPC members voted 5–4 in favour of the decision, with two members preferring a deeper rate cut of 0.5 points, and two supporting no change to the base rate. The split in the level … [Read more...]
HMRC launches online help for tax compliance checks
HMRC has launched a new Interactive Compliance Guidance tool to help guide both businesses and individuals through tax compliance checks. The tool, accessible through the government website, brings together existing guidance in one place and helps customers understand: Joanne Walker, Low … [Read more...]
Poor enquiry handling costing UK professional services firms millions, finds Insight6 research
A market study, led by customer experience specialists insight6, in partnership with Moneypenny, has revealed poor enquiry handling can cost a professional services firm more than £1 million every year. Research set out to measure, analyse and benchmark how professional services firms handle new … [Read more...]
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