Foreign Secretary, Dominic Raab, gave a statement after the US-chaired session where G7 Foreign Ministers committed to use their collective powers to respond to the Covid-19 pandemic. At a US-chaired virtual meeting of G7 Foreign Ministers today, members of the G7 committed to use their … [Read more...]
News for: General Business News
Chancellor delivers 2020 Budget to ‘level-up’ UK
Chancellor Rishi Sunak has delivered the 2020 budget, his first since taking office last month, which has promised an increase in spending for infrastructure and measures to combat any economic impact of coronavirus. In his speech to the House of Commons, Rishi Sunak reiterated Boris Johnson’s … [Read more...]
Coronavirus – is your business planning for home-working?
Stockport-based Sales and IT recruitment agency, Grassroots Recruitment outline some policies and decisions such as home-working that businesses will need to plan for to manage the uncertainty faced from coronavirus. We are all facing an unprecedented period of uncertainty due to the global … [Read more...]
Entrepreneurs’ Relief rumoured to be scrapped
It has been rumoured that next week’s Budget will bring the news that Entrepreneurs’ Relief will be scrapped, hitting businesses with a £2.7 billion tax increase. Entrepreneurs’ Relief currently halves the capital gains tax paid by people selling their own businesses, up to £10 million of … [Read more...]
New Homes Ombudsman announced to protect buyers
The Housing Secretary has announced plans for an independent New Homes Ombudsman as part of plans to protect buyers from ‘rogue’ developers. Currently, buyers of new homes have no legal protections against poor service from developers and poor workmanship. The New Homes Ombudsman will offer … [Read more...]
Scottish Budget and Brexit transition, plus latest news from Hallidays
Stockport based Hallidays' latest financial news and business tips includes tax changes in the Scottish Budget, guidance for the Brexit transition period and some of the more unusual excuses that have been given to HMRC to justify expenses claims. Scottish BudgetMinister for Public Finance and … [Read more...]
Digital and creative sectors outpacing rest of UK economy
New figures released by the Department of Culture, Media and Sport (DCMS) reveal that the digital and creative sectors are two of the fastest growing areas of the UK economy. The figures showed the creative sector, which includes advertising, marketing and media, contributed £111.7 billion to the … [Read more...]
Late payments bill proposed to support SMEs
A private members bill in the House of Lords has been introduced to offer greater support to small- and medium- enterprises, to protect them from late payments, often by larger organisations. The bill, proposed by Lord Mendelsohn, would reduce the statutory limit for payment of invoices to 30 … [Read more...]
Santa delivers stress and sick leave to UK workers
According to research by Benenden Health, the pressures of juggling family, health and care demands are a major cause of stress and unplanned absences from work in the run-up to the festive period, with one in eight UK workers taking sick leave at Christmas. One in seven businesses reported … [Read more...]
Bank of England stress tests proposed for risks of climate change
The Bank of England has published a discussion paper to set out its proposals for stress testing the UK’s financial institutions' resilience to climate-related risks. The framework will form the basis of the 2021 Biennial Exploratory Scenario (BES). This stress test will examine how the largest … [Read more...]
Construction Industry Forecast has positive outlook after election
Construction sector analysts, Glenigan, have announced a rise in their Construction Industry Forecast for 2020-21 because of reduced uncertainty and pledges on investment in the built environment following the recent general election results. The update forecasts indicate a 2% rise in the value … [Read more...]
Government announces grants to help protect properties from flooding
As parts of the UK record their wettest November ever, the government has announced that flood-hit businesses and homes and businesses will be able to receive up to £5,000 to help protect them from future flooding. The grants, which will be made available through local authorities from the end of … [Read more...]
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