September Consumer Price Index (CPI) figures from the Office of National Statistics (ONS) have showed the rate of inflation remained unchanged on the previous month, with prices on average 6.7% higher than in September 2022. Inflation remaining unchanged on the previous month ends three … [Read more...]
News for: General Business News
HMRC warns Self Assessment taxpayers to be wary of scams
HMRC is urging Self Assessment taxpayers to look out for scams taking the form of texts, emails and phone calls from fraudsters impersonating the UK tax authority. In the 12 months to 2023, HMRC received over 130,000 reports about tax scams, including 58,000 claiming to offer tax rebates. … [Read more...]
Key construction sectors poised for recovery, finds industry monitor
Planning activity in the key sectors is showing signs of an upturn in the economy according to construction industry monitor, Glenigan. Analysis by Glenigan has found that there is a significant volume of schemes in the UK expected to start in the next 12 months in the key sectors of … [Read more...]
HMRC and Home Office joint webinars explains employers’ responsibilities
Joint webinars are being held by HMRC and the Home Office to ensure employers understand their responsibilities around illegal working and the minimum wage. The webinars are being run by the Home Office Immigration Enforcement department, and HMRC's National Minimum Wage (NMW) team to ensure … [Read more...]
Tougher measures announced to tackle late payments to small businesses
The government has announced it will introduce tougher measures to address late payments to small businesses ahead the publication of the Prompt Payment & Cash Flow Review. Small businesses are particularly affected by late payment of invoices and long payment terms imposed by larger … [Read more...]
Chancellor commits to increase National Living Wage to two-thirds of median earnings
Chancellor Jeremy Hunt has confirmed he intends to honour the Low Pay Commission's upcoming recommendations which are expected to call for the National Living Wage to be increased to two-thirds of median earnings in the UK. The Low Pay Commission has advised the government on recommended levels … [Read more...]
UK SMEs cyber threat concerns on the rise, finds Sharp research
Concerns about cyber threats amongst UK small and medium sized businesses (SMEs) have risen significantly in the last year, according to new research commissioned by workplace technology specialist Sharp Europe. Nearly four in ten SMEs (38%) reported being more worried about cyber security … [Read more...]
One in five SME owners planning to sell by 2025, finds Handelsbanken study
A study conducted for Handelsbanken Wealth & Asset Management has found that one in five SME business owners plan to sell all or part of their business within the next two years. The survey also found a further 11% will seek to downsize during the same period. Of those considering sale or … [Read more...]
AAT warns of increased risks of money laundering under new Treasury proposals
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...]
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...]
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