Businesses in the North West have entered the New Year with increased optimism in their prospects and the wider economic picture, according to the findings of Lloyds Bank's Business Barometer survey. Published at the end of December 2024, the high street bank found businesses nationwide had … [Read more...]
News for: Business
5.4 million still to file Self Assessment tax returns
HMRC is reminding the 5.4 millon Self Assessment taxpayers who have not yet filed a return for the 2023-24 tax year to do so before the 31st January 2025. Anyone required to file a tax return for the 2023 to 2024 tax year who misses the 31 January 2025 deadline could face an initial late filing … [Read more...]
Stockport looks back on 2024 successes
Stockport Council reflects on the borough's successes from throughout 2024 as the town continues to build momentum for even greater things to come in 2025. From its recognition as the "Best Place to Live in the North West" by The Sunday Times Best Places to Live Guide to groundbreaking … [Read more...]
Bank of England holds base rate at 4.75%
The Bank of England's Monetary Policy Committee (MPC) has voted to maintain the bank's base interest rate at 4.75%. The decision follows inflation data published by the Office of National Statistics (ONS) revealing a second consecutive rise in the Consumer Price Index to 2.6% in November 2024, … [Read more...]
Greater Manchester’s female entrepreneurs given £20 million boost through Start Up Loans
The British Business Bank’s Start Up Loans programme has delivered £20 million worth of loans to female-owned businesses in Greater Manchester across 2,156 loans. Reaching this milestone highlights to commitment of the Start Up Loans scheme in reaching underrepresented founders and opening up … [Read more...]
Inflation rose to 2.6% in November
Inflation rose to 2.6% in November according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS). The increase of 0.3 percentage points on October's inflation data means prices in November at their fastest rate since March, with goods on average 2.6% more … [Read more...]
UK joins Asia-Pacific trade bloc bringing £310 million boost to North West economy
The UK has officially joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade agreement, which is set to boost the UK economy by up to £2 billion a year, with £310 million of gains in the North West. The trade bloc, comprising Canada, Australia, Japan, … [Read more...]
Evaluation of Start Up Loans programme reveals benefits for entrepreneurs
An independent evaluation into the British Business Bank's Start Up Loans programme has found small businesses accessing this funding have higher survival rates. Research conducted by SQW working in partnership with Warwick Business School's Professor Mark Hart, Qa Research and The Data City, … [Read more...]
Small businesses invited to share challenges faced in FSB survey
The Federation of Small Businesses (FSB) has launched its first Small Business Index Survey six weeks since October's Budget. The latest FSB Small Business Index Survey for the final quarter of 2024 will be the first since the October Budget, which was the first to be delivered by a Labour … [Read more...]
HMRC reminds there is still time for Self Assessment taxpayers to set up a Time to Pay plan
HMRC is reminding Self Assessment taxpayers who may worried about being able to pay their tax bill in full that there is still time to set up a Time to Pay plan and make monthly payments. More than 15,000 Self Assessment customers have already set up a Time to Pay payment plan for the 2023 to … [Read more...]
New Business Growth Service to bring together government advice for small businesses
The Business Secretary has announced the launch of a new service to bring together government advice to better support growth of the UK's small businesses. With only 26% of UK SME employers reporting in 2023 to have sought external advice or information in the last year, the Business Growth … [Read more...]
HMRC launches new online tools for sole traders
Ahead of Small Business Saturday on 7th December, HMRC has launched new online tools for people working for themselves and individuals considering self-employment. The new interactive tool aims to give new and existing sole traders clearer guidance about records they may need to keep, taxes that … [Read more...]
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