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For the second year running, the top business opportunity for SMEs is the return of clients as the economy stabilises, according to a new report. One in five SME owners see this as a key opportunity for growth in 2023 – while 20% are looking to introduce new products or services, and 19% expect to […]
Uncertainty about whether the UK economy will tip into a recession caused by sky high inflation and the Bank of England hiking interest rates aggressively to tame it is keeping businesses grounded, a new survey out today shows. A five straight month upward rise in optimism among leaders of Britain’s biggest firms was arrested in […]
The UK’s most prominent business lobby group, the Confederation of British Industry, is to lay off a swathe of its staff as it fights for survival amid a crisis prompted by multiple sexual misconduct allegations. The CBI needs to cut its wage bill by a third within months, staff were told at an all-hands meeting […]
British Airways has been fined $1.1 million by the U.S. Transportation Department (USDOT) for failing to provide timely refunds to passengers for flights to and from the United States during the COVID-19 pandemic. This penalty aims to serve as a strong deterrent to future unlawful practices by British Airways and other carriers. Allegations Against British […]
Britain’s major retailers and food manufacturers are increasing their lobbying efforts to postpone significant environmental reforms that will require them to pay for the collection and recycling of household packaging waste from next year. The proposed “extended producer responsibility” (EPR) scheme, set to launch in April 2024, would require food producers and retailers selling own-brand […]
UK house prices fell at their fastest annual pace for nearly 14 years in May, the Nationwide has said. The building society said prices in the year to May dropped by 3.4%, the biggest decline since July 2009. It also warned that more rises in mortgage interest rates could hit the housing market. Mortgage rates […]
Amazon’s main UK division has paid no corporation tax for the second year in a row after benefiting from tax credits on a chunk of its £1.6bn of investment in infrastructure, including robotic equipment at its warehouses. Amazon UK Services, which employs more than half of the group’s UK workers, received a tax credit of […]
Senior Tory MPs including former chancellor Nadhim Zahawi and Jacob Rees-Mogg are calling for inheritance tax to be abolished. Prime Minister Rishi Sunak and Chancellor Jeremy Hunt face a call from more than 50 of his MPs to scrap the tax, according to The Telegraph.
Toys ‘R’ Us will make its return to the high street after five years, revealing plans to open nine concession stands in WH Smith. In 2017, the children’s retailers declared bankruptcy after years of rising debt and dwindling sales and the following year it shut all 100 of its UK stores. Its collapse was linked […]