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...]
News for: General Business News
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...]
New Post Office partnership aims to improve access to government services
The Cabinet Office has announced a new partnership with the Post Office to improve access to government services for those who have difficulties getting online. The Post Office will offer an in-person service to those with lower digital skills to enable them to verify their identity in order to … [Read more...]
200 Wilko stores still at risk of closure
A large proportion of Wilko stores are at risk of closure after the household goods retailer appointed administrators earlier this month (August 2023). In an update, Joint Administrators, PwC, warned that redundancies were likely as a buyer for the retailer was sought. PwC remains open to offers … [Read more...]
Limited companies urged to file accounts ahead of September deadline
Limited companies due to file accounts with Companies House by the end of September are being urged to allow plenty of time before the deadline. All limited companies, including dormant companies that are not trading, must deliver annual accounts to Companies House each year. Even if an … [Read more...]
Construction monitor reveals continued decline in project starts
Construction sector monitor, Glenigan, has revealed a significant decline in construction starts in the three months to the end of July 2023 compared to the same quarter last year. Glenigan's quarterly index of construction starts saw only private housebuilding up on the previous quarter's … [Read more...]
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