Recent research has identified a new trend among British businesses, with an overwhelming majority backing the Labour Party’s stance on fostering innovation. The study, which surveyed over 600 leaders in business, finance, and innovation, reveals that four out of five (79%) believe that a Labour Government would positively impact innovation in the UK, with less […]
The Chancellor, Jeremy Hunt’s 2% National Insurance (‘NIC’) cut may not be as generous as he proclaimed at last week’s Spring Budget. Nimesh Shah, CEO of tax and advisory firm Blick Rothenberg firm, said: “The £10bn splurge on the 2% NIC cut was hailed by the Government as offering the lowest effective personal tax rate […]
The surge in entrepreneurship among individuals aged 50 and above post-pandemic has led to a significant milestone for Start Up Loans, a part of the British Business Bank. Since its inception in 2012, Start Up Loans has provided over £140 million in loans to entrepreneurs aged 50 and above, supporting a total of 13,422 loans, […]
New research suggests that companies led by women exhibit a lower likelihood of insolvency compared to those led by men. Analysis of insolvency rates between January and December 2023 by Creditsafe revealed that businesses with male-dominated boards faced a 5.10% insolvency rate, while those with female directors experienced a notably lower rate of 3.67%. This […]
British companies are being encouraged to embrace a more relaxed approach to summer by participating in a trial of a four-day workweek throughout the month of August. Dubbed “4ugust,” the initiative has been launched by the 4 Day Week Campaign in collaboration with Autonomy, a prominent think tank. The aim is to urge companies to […]
Corporate fundraising is where businesses and private companies raise money for charity and donate to good causes. Often it is in the form of cash or an in-kind gift to a charity. You can take part in corporate fundraising much easier than you may first assume, with every business having opportunities to branch out with […]
The detrimental impact of late payments on small businesses has reached alarming levels, with the total cost soaring to £1.6 billion by the end of 2023, according to findings by the accountancy firm Xero. This staggering sum underscores the financial strain faced by small enterprises, exacerbated by the compounding effect of delayed payments. Alex von […]
Funding Circle, a prominent fintech firm specialising in small business lending, announced today a strategic shift in its operations aimed at curbing losses and revitalising its share value. Alongside its release of full-year results, the London-listed company unveiled plans for a £25 million share buyback initiative and disclosed intentions to divest its struggling US division. […]
In anticipation of what could be the government’s final Budget before the general election, Prime Minister Rishi Sunak asserted that the UK economy is on the right track. This statement comes amid preparations for Chancellor Jeremy Hunt’s Budget announcement, where tax cuts are expected to feature prominently while maintaining a cautious approach. Sunak made these […]
The Building Societies Association (BSA), representing numerous building societies in the UK, has raised concerns that mortgage reforms implemented following the 2008 banking crisis have inadvertently hindered first-time buyers’ access to the housing market. According to a report commissioned by the BSA, these reforms have overly prioritised financial stability, resulting in a decline in first-time […]