Following the resignation of Prime Minister Boris Johnson on 7th July, business and political leaders from the North-west and nationally have largely welcomed the news. With the Prime Minister committing to stay on in the role until a new Conservative Party members elect a new leader, CBI … [Read more...]
News for: General Business News
Change to NI threshold comes into effect
The level at which people start paying National Insurance (NI) has risen to £12,750, reducing contributions for 70% of UK workers and bringing the threshold in line with that for Income Tax. The policy came into effect on 6th July, after having been announced by former Chancellor of the Exchequer … [Read more...]
Glenigan forecasts construction sector will return to growth by 2023
Industry monitor, Glenigan, indicates the construction sector will see growth of 8% in 2023, despite a decline this year, in its UK Construction Industry Forecast for 2022-24. Glenigan's insights reveal a turbulent economic environment for the construction industry in the coming years, … [Read more...]
Hallidays shares top financial news stories in July
Rising inflation and interest rates, and a pilot scheme for self-assessment taxpayers to start Making Tax Digital are the big financial news stories this July from Stockport accountants, Hallidays. MTD for income tax pilot extendedHMRC is extending the pilot for Making Tax Digital for Income Tax … [Read more...]
New package of support announced to help over 50s jobseekers
A £22 million investment has been announced to help support jobseekers in the 50s and older get back into stable employment. The announcement is part of a government push to get half a million jobseekers back into work in under six months after the Way to Work push launched earlier this … [Read more...]
£7.4 billion provided in 2021/22 to support UK businesses to export
Businesses across the UK were supported with £7.4 billion from government to help grow export sales in the 2021/22 financial year. Funds distributed by UK Export Finance (UKEF) were at the highest level in 14 years, according to annual results published by the government lender. 83% of businesses … [Read more...]
Greater Manchester survey finds business confidence remains stable despite economic uncertainty
A survey of businesses across Greater Manchester has found that despite feeling the effects of increased uncertainty in the economy, business confidence and hiring intentions remain stable. The results of the Greater Manchester Chamber of Commerce (GMCC) Quarterly Economic Survey (QES) showed … [Read more...]
New building safety regulations come into force
Improvements to building regulations have come into force, creating new regulators for high-rise buildings and construction manufacturers in the wake of the Grenfell Tower fire. New rules brought in by the Building Safety Act 2022 will also improve protections for leaseholders and owners of … [Read more...]
Organisations invited to provide new support programme for UK tech and digital businesses
Organisations from across the UK are being invited to apply for a Digital Growth Grant to deliver support programmes to boost small and scaling tech businesses. The £12.09 million Digital Growth Grants will be used to run government programmes to open up access to skills training and improve … [Read more...]
DWP charity partnership sees thousands more women access construction and engineering jobs
A partnership program between the Department of Work and Pensions (DWP) and employment charity, Women into Construction, has supported thousands of women to access jobs in the construction and engineering sector. The reveal comes as newly published data finds that there are over two million more … [Read more...]
UK opens trade negotiations with Gulf Cooperation Council
Trade negotiations with the Gulf Cooperation Council (GCC) have launched, representing £33.1 billion of trade between the UK and GCC member states: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The GCC bloc of nations when combined is the UK's seventh largest trading … [Read more...]
Inflation rises further to 9.1%
Latest inflation data has seen the Consumer Price Index (CPI) hit a new high of 9.1% in May, a further 0.1 percentage point increase on April's record figure, the Office of National Statistics (ONS) has revealed. The latest data shows continued pressure on consumer spending, driven by increased … [Read more...]
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