Despite an increase in investment in IT post-pandemic, a majority of IT professionals in UK SMEs admit they aren’t familiar enough with key IT areas such as cloud or IT security to make the right decisions for their business, according to a Europe-wide survey by Sharp. The provider of business … [Read more...]
News for: General Business News
Inflation fell to 7.9% in June
The annual rate of inflation fell to 7.9% in June, according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS). The measure of price changes found that the cost of the ONS' basket of goods had increased 7.9% on where it was last year, but just 0.1% on … [Read more...]
UK and Turkey agree to update trade agreement
The UK and Turkey are to begin negotiations to update their existing free trade agreement following the UK's departure from the European Union. The UK-Turkey FTA was rolled over after Brexit, however, it only applies to the import and export of goods, and not services, which comprise around 80% … [Read more...]
VCFSE organisations offered £5.5 million to support clients with tax affairs
HMRC has announced £5.5 million of funding for voluntary, charity, faith and social enterprise (VCFSE) organisations to support clients with their tax affairs. Eligible organisations are being invited to bid for funding through HMRC’s Voluntary and Community Sector Grant Funding programme, worth … [Read more...]
First-of-its-kind degree level space engineering apprenticeship launched
The UK government has announced the launch of a new degree apprenticeship in space engineering to offer more opportunities for people to enter the sector. The Level 6 Space Systems degree apprenticeship programme will create new opportunities with aerospace companies, space agencies, research … [Read more...]
May GDP data reveals stagnation in UK economy
The latest gross domestic product (GDP) data for May 2023 from the ONS shows the UK economy has not grown in the three months to May 2023. Monthly output of the UK economy was down 0.1% in May 2023, following modest 0.2% growth in the previous month. Overall, GDP has increased just 0.1% since … [Read more...]
New service launches to simplify planning appeal process
The Planning Inspectorate has launched a new service to simply the process of making an appeal following a planning decision by local authorities. The new 'Appeal a planning decision' page on the government website adds an improved submission process to make appeals more user-friendly and … [Read more...]
Insolvency service launches online information hub for business owners
The Insolvency Service has launched a new online information hub to support company directors and ensure they meet their statutory obligations. Aimed specifically at the directors of micro-, small and medium-sized limited companies, the guidance and information included on the site hopes to … [Read more...]
Stockport MDC pays tribute to its Chair, Lord Bob Kerslake
The board of Stockport Mayoral Development Corporation have paid tribute to the Chairman, Lord Bob Kerslake, who died on Saturday. STATEMENT ON BEHALF OF THE MAYORAL DEVELOPMENT CORPORATION BOARD It is with deepest sadness the MDC Board have learnt of the passing of its Chair, Lord Bob … [Read more...]
AI adoption could add £31 billion to UK economy
Widespread adoption of generative AI by UK businesses could add £31 billion of GDP to the economy, according to a report from Big 4 accountancy firm, KPMG. The Generative AI and the UK labour market report identifies a 1.2% gain in overall productivity in the UK economy, equivalent to £31 billion … [Read more...]
Energy intensive businesses urged to claim discount on energy bills
Businesses in the most energy intensive industries have one month remaining to claim government support through the Energy Bills Discount Scheme. Companies have until 25th July to claim the discount, which could reduce energy bills by as much as a fifth, that will apply through to April 2024. … [Read more...]
Support measures announced for mortgage holders following interest rate rise
Following the Bank of England's decision to raise its base interest rate to 5%, Chancellor of the Exchequer Jeremy Hunt has announced new support measures for homeowners struggling with rising mortgage repayments. The Chancellor met with the UK's main lenders and the Financial Conduct Authority … [Read more...]
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