More than 400 businesses have been recognised by the Small Business Commissioner's Fair Payment Code for their payment practices since launching in December 2024. Late payments cost the UK economy almost £11 billion per year with 14,000 businesses closing each year because of late payments, … [Read more...]
News for: General Business News
John Lewis launches new supplier platform
John Lewis has invested in a new supplier platform, aimed at bringing a wider range of brands to customers at speed. Luxury footwear brand, Russell & Bromley, has been confirmed as one of the first partners on the new system, which marks an evolution in how the retailer works with supplier … [Read more...]
Further planning reforms announced to accelerate infrastructure projects
The Chancellor of the Exchequer has announced plans to speed up judicial reviews to prevent delays to major infrastructure projects. Chancellor Rachel Reeves has set out she will work with the judiciary to cut the amount of time it takes for a judicial review to move through the court system to … [Read more...]
Major online marketplaces pledge fair treatment for small businesses
Leading online marketplaces and payment providers, including eBay, PayPal and Temu, have collectively signed a pledge that promotes fair treatment for small businesses. The new 10-point pledge, centred on cashflow and payments, includes commitments to communicate effectively with small businesses … [Read more...]
Active Travel Innovation Fund launched to boost walking, wheeling and cycling
Organisations and businesses are being invited to bid for a share of £1 million in funding to deliver initiatives to encourage active travel. The government's Active Travel Innovation Fund will help start or scale engagement projects that will have a positive impact on walking, wheeling and … [Read more...]
Government review looks to reform licensing rules to boost hospitality sector
A fast-track review is seeking to hear views of pubs, bars, venues, and their communities on planned updates to licensing rules. The government's Call for Evidence exercise looks to explore ways to make it easier for the sector to serve food outside, host live music, or avoid being closed down … [Read more...]
Local areas invited to bid for funding to support innovation
Areas across the UK are being invited to bid for up to £20 million in funding to boost innovation and research and drive local economic growth. UK Research and Innovation (UKRI) is inviting local and regional partnerships to bid for government funding from the Local Innovation Partnerships Fund. … [Read more...]
HMRC webinars to prepare Self Assessment taxpayers for Making Tax Digital
Self Assessment taxpayers are being invited to upcoming webinars ahead of requirements to use Making Tax Digital (MTD) to declare their income and pay any tax owed to HMRC. Legal requirements for anyone with income from property or self-employment to use Making Tax Digital are set to come into … [Read more...]
New digital ID scheme to be rolled out across UK
The government has announced its intention to launch a new digital ID scheme designed to “help combat illegal working while making it easier for the vast majority of people to use vital government services.” Digital ID, held on people’s phones, will be mandatory for Right to Work checks and … [Read more...]
New water efficiency standards proposed for housebuilders
A consultation has launched on raising standards for housebuilders that will require new homes to feature more water-saving measures. Changes to Building Regulations being proposed will mandate features such as aerated taps and showerheads, and dual flush toilets in new homes as part of measures … [Read more...]
Azets responds to latest insolvency figures
With 5.9% more corporate insolvencies than last August according to Government insolvency figures, Jonathan Amor, Restructuring Partner at international accountancy and business advisory group Azets, has advised that getting advice when a business first shows signs of financial distress gives the … [Read more...]
Bank of England holds interest rates at 4%
The Bank of England's Monetary Policy Committee (MPC) has announced it has voted to hold its base interest rate at 4%. On 18th September, economists voted seven to two in favour of keeping rates at their current level, with those voting against the decision preferring for a further rate drop. … [Read more...]
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