Five major UK banks have finalised an agreement with UK Export Finance (UKEF) to support SMEs to invest and expand abroad through an £11 billion lending commitment. The lending commitment, from the UK’s five leading banks, is one of the largest collective moves by the banking sector in over a … [Read more...]
News for: General Business News
Government announces support package for pubs
Just hours after the Tameside-based group behind the Revolution, Revolucion de Cuba and Peach Pubs brands appointed administrators, the government has announced a support package including business rates and licensing reform for pubs. Almost 600 jobs have been lost after the administration of … [Read more...]
8.6 million have already filed Self Assessment tax returns
With less than a week until the Self Assessment deadline, 8.6 million people have already filed their return for the 2024 to 2025 tax year. HM Revenue and Customs (HMRC) is urging taxpayers and agents who haven’t filed, to act now or risk missing the 31 January deadline – and face an automatic … [Read more...]
Updated design guidance published for new build housing developments
The UK Government has published updated national guidance for housebuilders and local planning authorities to use in the design and assessment of new housing developments. The new guidance looks to ensure new neighbourhoods being built are of a high standard, sustainable and liveable, with access … [Read more...]
38% of UK workers plan to change jobs in 2026 finds New Possible survey
Stockport-based people insight platform, New Possible, has published the fifth edition of its What Workers Want survey, which reveals strong demand for flexibility among UK workers. The survey captured the hopes, fears, and priorities for 2026 from over 2,000 UK employees. The research found that … [Read more...]
65% rise in Self Assessment payments via HMRC app
The number of people using the HMRC app to pay their Self Assessment tax bill has increased by nearly 65% compared to the previous tax year. Almost 340,000 people have used the HMRC app to pay their Self Assessment tax since 6 April 2025, an increase of 132,788 people compared to the same period … [Read more...]
New proposals set out changes for taxi licensing
The UK Government has set out plans to reduce 'out of area' working in reforms to the licensing system for taxi and private-hire vehicle drivers. Under current rules, 263 different local authorities issue licences to taxi and private-hire drivers. Drivers can obtain a licence from any issuing … [Read more...]
Office of the Small Business Commissioner recovers £10 million in late payments
£10 million in late payments has been paid to small businesses following intervention by the Office of the Small Business Commissioner (OSBC) since it was established in 2017. UK Government research has shown late payments cost the UK economy £11 billion per year with 4,000 businesses closing … [Read more...]
More than 5.6 million still to file Self Assessment tax return
While 6.36 million headed into 2026 with their tax affairs in order, more than 5.6 million people still need to file their Self Assessment tax return before the 31st January deadline. For those still to file, those who miss the deadline could face an initial late filing penalty of £100 on top … [Read more...]
New car registrations surpassed 2 million in 2025
Annual new car registrations reached a post-pandemic high of 2.02 million in 2025, up 3.5% year-on-year, the Society of Motor Manufacturers and Traders (SMMT) has revealed. 2025 marked the third consecutive year of growth for the UK's new car market, with a December surge in registrations taking … [Read more...]
Bank of England announces cut to interest rates
The Bank of England has announced it has cut its base interest rates to 3.75%, bringing interest rates to their lowest level since early 2023. Economists on the Bank's Monetary Policy Committee (MPC), which is responsible for setting interest rates, voted 5-4 in favour of the cut, with the … [Read more...]
4,800 Self Assessment scams reported ahead of 31st January deadline
More than 4,800 Self Assessment scams have been reported since February 2025, HMRC is warning ahead of the upcoming filing deadline on 31st January 2026. Beyond Self Assessment-related scams, the UK's tax authority has received reports from customers of more than 135,500 HMRC-related scams in the … [Read more...]
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