Half of the UK’s business owners have indicated they would hire more staff if the Chancellor increases Entrepreneur’s Relief in the upcoming Autumn Budget, according to new research by Helm, Britain’s largest founder network. In a recent poll of 400 business owners at Helm, 50% stated they would expand their workforce under a more generous […]
The UK economy has been mired in low growth for years, a problem exacerbated since the 2008 global financial crisis. Despite a few short-term recoveries, average annual growth has been consistently weak, leading to stagnating living standards. A striking indicator of this trend is that real wages in the UK are barely higher than they […]
Introduced to tackle growing concerns over the safety of internet users – particularly children and vulnerable groups, the Online Safety Act (OSA) marks a significant shift in the regulatory landscape for businesses operating online platforms in the UK. Passed in October 2023 and progressively being enforced, it has introduced a wide range of new obligations, […]
Some of Britain’s largest retailers are facing the prospect of paying millions in damages due to a wave of equal pay lawsuits, many of which are backed by contentious litigation funding arrangements. Last month saw the latest development in a long-standing legal case against Asda, where tens of thousands of employees are suing the supermarket. […]
Chancellor Rachel Reeves is facing renewed calls to implement a wealth tax, with economists, climate advocates, and high-net-worth individuals urging her to introduce a tax on the UK’s richest citizens to help fund essential public services and accelerate the transition to net zero. In an open letter to the chancellor, notable economists Thomas Piketty (pictured) […]
A new survey has revealed that 86% of UK small business owners are concerned that potential tax hikes and policy changes in the upcoming Autumn Budget could hinder their growth. Key concerns include potential increases in income tax, VAT, and national insurance, as well as rising costs from regulatory changes, particularly around flexible working and […]
The UK’s iconic clubbing scene is on the brink of collapse, with an alarming rate of 10 nightclub closures every month, according to new research from the Nighttime Industries Association (NTIA). The report warns that unless the government intervenes, the UK could see the “end of a clubbing era that has defined generations” by 2029, […]
More than 1,500 UK entrepreneurs and business leaders have signed a letter to Chancellor Rachel Reeves, urging her to reconsider proposed changes to business asset disposal relief (previously known as entrepreneurs’ relief), ahead of the budget on October 30. The letter warns that modifying or scrapping the relief could severely undermine the entrepreneurial spirit that […]
The UK government has secured a £1.5 billion profit following Octopus Energy’s acquisition of the collapsed energy supplier Bulb, marking the conclusion of the Bulb bailout saga. Octopus Energy paid over £3 billion to the government, providing a significant financial boost amid pressing budget constraints. The government intervened in November 2021 when Bulb went into […]
Angela Rayner’s ambitious overhaul of workers’ rights could burden UK employers with nearly £5 billion in additional costs each year, according to an impact assessment published by the government. The reforms, proposed in the Employment Rights Bill, could result in businesses raising prices, cutting back on wages, or reducing investment as they grapple with a […]