Recent trade agreements have eased trade barriers on UK alcohol exports in markets worldwide worth £100 million, Trade Secretary Kemi Badenoch has announced. Trade negotiations have seen tariffs and other obstacles reduced in countries including Argentina, Angola, Morocco and Tunisia, opening up … [Read more...]
News for: General Business News
UK set to make trading documents digital
The UK government has set out plans for the trading documents used by businesses moving goods around the world to be made digital. The Electronic Trade Documents Bill, introduced in Parliament on 12th October, is set to allow businesses to choose digital documentation alongside paper-based hard … [Read more...]
Bank of England widens gilt purchase operations in response to ongoing market volatility
The Bank of England has announced it increase its interventions in gilt markets with further purchases of long-dated government bonds. Following a September 28th announcement that the Bank would make temporary and targeted purchases of gilts, the Bank of England has announced it will expand … [Read more...]
HMRC warns Self Assessment customers to be wary of fraudsters
As the deadline for Self Assessment tax returns to be submitted approaches, HMRC is warning customers to be wary of being targeted by fraudsters and scams. In the 12 months to August 2022, HMRC responded to more than 180,000 referrals of suspicious contact from the public, of which almost 81,000 … [Read more...]
New website launches as part of support programme to help businesses to manage rising costs
Greater Manchester's Business Growth Hub has launched a new website as part of its #HereForBusiness support to help businesses in Stockport and across the city-region in managing rising costs. Working together with Greater Manchester Combined Authority, the Local Enterprise Partnership, local … [Read more...]
Amazon reveals impact of SME Accelerator programme ahead of online brand conference
Ecommerce giant, Amazon, has revealed the impact of its SME Accelerator programme to support smaller online businesses in the UK. The firm is also this week hosting a virtual conference, inviting small businesses across the country to learn how they can boost their online sales. The online retail … [Read more...]
Less than one month left to be ready for Making Tax Digital VAT filing
Businesses have less than one month left before they will only be able to use a Making Tax Digital compatible software to keep VAT records and file returns with HMRC. From 1st November, businesses will no longer be able to use their existing VAT online accounts to submit quarterly and monthly … [Read more...]
Bank of England intervenes in steadying financial markets
The Bank of England has announced it will intervene in steadying financial markets in a bid to ensure continued access to credit for businesses and households. Following the decline of the pound in recent days, UK government bonds have undergone significant repricing, which in the long term could … [Read more...]
Bank of England restates commitment to increase interest rates further to combat inflation
The Bank of England has issued a statement setting out its commitment to its role in restoring inflation to 2% through further interest rate rises. The statement follows the announcement of the incoming Chancellor's Growth Plan for the UK economy, which has seen the value of the pound drop … [Read more...]
Self Assessment taxpayers have until 5th October to register with HMRC
HM Revenue and Customs (HMRC) is reminding anyone who needs to complete their first Self Assessment tax return for the 2021 to 2022 tax year to register online before the 5th October. Before taxpayers can complete their first Self Assessment return, they need to register with HMRC to receive … [Read more...]
Start Up Loans scheme sees eligibility expanded
The Business Secretary has announced the expansion the Start Up Loans programme, an £884 million scheme for new businesses to access finance. Business Secretary Jacob Rees-Mogg has announced that the scheme will now be eligible for businesses trading for up to three years, with new 'second loans' … [Read more...]
Marks & Spencer announces £15 million plan to support workforce with cost of living
Retailer Marks & Spencer has become the latest large employer to announce plans to support its workforce with the rising cost of living. The high-street brand has announced plans to invest £15 million in supporting its front-line colleagues, including a 20p pay uplift for its lowest paid … [Read more...]
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