The UK is set to introduce restrictions of under-16s accessing social media, likely to take effect from Spring 2027, Prime Minister Sir Keir Starmer has announced. Proposals, modelled on similar rules implemented in Australia in 2025, will prevent under-16s from accessing user-to-user platforms … [Read more...]
News for: General Business News
Tax changes bring boost for businesses donating to charities
A long-standing tax levied on businesses donating to charities has now been removed, and accountancy and business advisory firm, Azets, is seeking to remind businesses that they can now give goods to registered charities without paying VAT. The news comes at a time of falling charity donations; … [Read more...]
Consultation launched on reforms to zero hours employment contracts
A consultation has launched on government plans to reform zero hours contracts to end one-sided flexibility and uncertainty in employment contracts. The consultation will run until the end of August and ask both employers and workers about a range of potential minimum hours thresholds being … [Read more...]
Skills England report reveals challenges facing employers, educators, and workers
Skills England has published its first Annual Skills Report since the organisation was established last year, which provides a comprehensive assessment of the country's current and future skills needs. Analysis finds that demand for workers across priority sectors of the economy is expected to … [Read more...]
MAG Trade Barometer reveals decline in UK firms’ confidence in global trade
Global trade confidence is at its lowest level in 12 months, according to the latest findings of Manchester Airport Group's (MAG) latest UK Trade Barometer survey. Only one in four exporters are expecting to grow sales this quarter, the survey, conducted by YouGov for MAG and the Growing Together … [Read more...]
Business mileage allowance to rise to 55p
Chancellor Rachel Reeves has announced the first increased to the approved mileage allowance for both employees and the self-employed who use their own vehicles for work. Since 2011, the allowance has been frozen at 45p per mile for the first 10,000 business miles in a tax year. This will rise to … [Read more...]
Azets responds to April 2026 insolvency statistics
There were 2,085 corporate insolvencies in April 2026 – 2.4% more than in March 2026 (2,037), and 2.8% more than in April 2025 (2,028). Richard Oddy, Restructuring and Insolvency partner at international accountancy and business advisory group Azets, shares his thoughts on the data. April’s … [Read more...]
Small Business Protections Bill introduced to Parliament
Landmark legislation has been introduced to Parliament that will give small businesses, sole traders and freelancers greater protections from late payments by larger firms. 38 businesses every single day because they are not paid on time, while late payments also force business owners to spend … [Read more...]
Electric car sales top 2 million as market rebounds after tax changes
Latest figures published by the Society of Motor Manufacturers and Traders (SMMT) show the UK new car market grew 24% year-on-year in April, with 2 million battery electric cars (BEVs) now on the roads. The increase reflects a rebound from an unusually weak April last year when purchases were … [Read more...]
New reforms take effect for private rented tenancies
From 1st May 2026, new national rules have come into force that change how tenancies work within the private rented sector (PRS), setting clear expectations for landlords and giving greater security for residents. Under the changes, which local authorities including Stockport Council will be … [Read more...]
Bank of England holds interest rates at 3.75%
The Bank of England's Monetary Policy Committee (MPC) has voted to hold interest rates once again at 3.75%. The Bank's economists voted 8 to 1 in favour of the decision, with one member supporting raising interest rates by 0.25 percentage points. Informing the decision, the MPC cited high … [Read more...]
Claire’s closes all UK stores
High street staple, Claire's, has closed all its UK and Ireland stores, including its location in Stockport's Merseyway Shopping Centre after appointing administrators for the second time in 12 months earlier this year. All of the retailer's 154 standalone stores have closed, with more than 1,300 … [Read more...]
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