Covid-19 grants distributed by local authorities provided small businesses across England with £21.3 billion in business support through the pandemic. A new report into the government's COVID-19 Local Authority Business Support Grants scheme also showed over one-third of all available funding was … [Read more...]
News for: General Business News
Greater Manchester delegation meets with Avanti West Coast over timetable reduction
A delegation of representatives from Greater Manchester have met with Avanti West Coast management to discuss a way forward after significant timetable reductions by the train operator. Deputy Leader of Manchester City Council, Cllr Luthfur Rahman, the city-region's Transport Commissioner, Vernon … [Read more...]
Inflation exceeds 10% for first time since 1980s
The latest ONS Consumer Price Index (CPI) has seen inflation hit 10.1% in July, the first time the measure has hit double figures since 1982 according to historic estimates. The rise in the CPI, which indicates year-on-year increases in price, reflected price rises across all parts of the … [Read more...]
CMA survey ranks service of British banks
A survey of thousands of individual and small business current account holders commissioned by the Competition and Markets Authority (CMA) has ranked how well retail banks are supporting their customers. Smaller banks and challengers to the traditional major players in British banking topped the … [Read more...]
Government to consider further relief for energy intensive industries
As energy costs continue to rise, the government is consulting of further relief for businesses worst affected, including steel, paper, glass, ceramics, and cement manufacturers. The government is launching a consultation on plans to increase exemptions for certain environmental and policy costs … [Read more...]
BT launches partnership with Barclaycard to expand support for small businesses
Telecoms provider, BT, has announced Barclaycard Payments' has joined its partnership network, aimed at supporting small businesses across the UK. The network, designed for micro-businesses of up to 5 employees, allows BT customers to receive additional perks across broadband, mobile, tech, … [Read more...]
NatWest warns of growing strain on North-west economy despite rise in activity in July PMI
High street bank, NatWest, has warned that uncertainty and high inflation are putting an increasing strain on the North-west economy, despite its July Purchasing Manager's Index (PMI) revealing a modest rise in activity. The monthly PMI survey showed a slight drop in NatWest's headline North West … [Read more...]
HMRC updates late payment interest rates after Bank of England base rate rise
HMRC has updated its late payment interest rates following the Bank of England's decision to raise its base rate to 1.75%. As HMRC late payment rates are linked to the Bank of England base rate, its interest rates will also increase to 0.75%. The repayment rate, set in legislation, is set at Bank … [Read more...]
Recovery Loan Scheme and growth forecasts are Hallidays’ top financial headlines in August
The relaunched Recovery Loan Scheme and IMF growth forecasts are the top financial headlines in August as Stockport accountancy firm, Hallidays, share their run down of the key stories for business this month. Recovery Loan Scheme to be relaunchedThe Recovery Loan Scheme (RLS) will be relaunched … [Read more...]
Sixth consecutive rise brings interest rate to 1.75%
The Bank of England's Monetary Policy Committee has agreed to increase the base interest rate to 1.75%, the sixth consecutive rise. Economists at the Bank of England voted 8-1 in favour of the 0.5 percentage point increase, putting rates at their highest since January 2009 at the beginning of the … [Read more...]
New funding announced to boost overseas recognition of professional qualifications
The UK government has announced it will offer grants up to £75,000 to help regulators and business organisations have professional qualifications recognised overseas. The move aims to help boost exports within the service industries and make it easier for accountants, lawyers, architects and … [Read more...]
Details released of latest Recovery Loan Scheme
Details have been released of the latest iteration of the government-backed Recovery Loan Scheme to help businesses invest and grow out of the Covid-19 pandemic. The scheme, which was launched in April 2021, was extended by the Chancellor for a further two years in July after having already … [Read more...]
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