Administrators from Teneo were appointed on Monday after the company was issued with a winding-up petition by clothing suppliers who are owed millions of pounds. About 140 jobs are thought to be at risk with one source saying more than 80 people had immediately been made redundant. Boohoo, a larger online fashion specialist, had been […]
HMRC is now tracking 277 British businesses it suspects of using ‘tax havens’ to artificially reduce their tax bills in the UK, according to a City law firm. HMRC is concerned that some UK businesses are still avoiding tax in the UK by recording income in countries with zero or near-zero corporation tax. Countries traditionally […]
Graduates from the top 50 overseas universities can apply to come to Britain through a new visa scheme. Ministers hopes the “high potential individual” route, being launched today, will attract the “brightest and best” at the beginning of their careers. Successful applicants with a bachelor’s or master’s will be given a two-year work visa, while […]
Rising costs have created a “ticking timebomb” for UK small business owners, the chairman of the Federation of Small Businesses (FSB) has warned, with almost half a million firms at risk of going bust within weeks without a fresh wave of government support. While the FSB chairman, Martin McTague, applauded the chancellor Rishi Sunak’s latest […]
The extended Bank Holiday to mark the Queen’s platinum jubilee will give Britain’s small firms a much needed revenue boost. The closely-watched Barclays SME Barometer suggests three in five small business owners are expecting to see revenues higher this year than last, helped by an anticipated spending spree over the coming week. But around three […]
Tesco has committed to use 100 per cent British eggs after signing lengthy contracts with five suppliers. The supermarket giant signed up its main producers to five year deals this week, against the backdrop of challenging market conditions, rising costs of living and inflation. It made the announcement as farmers also face supply chain problems, […]
Ronnie ‘The Hawk’ Hawkins, a musician and impresario who helped discover and develop The Band and numerous other musical acts that emerged out of Toronto in the 1960s and 1970s, died around mid-day on Sunday. He was 87. Read More
Liz Truss, the minister for women and equalities, has launched a task force to increase the number of female entrepreneurs by 600,000 by 2030. The group aims to improve the support available to female business owners as they scale their businesses and tackle barriers to investment, the government’s equalities office said. The task force will […]
Two thirds of British companies have been targeted by fraudsters in the past two years with cyberattacks the most common crime. A survey of big corporations found that 64 per cent of them had been affected by fraud and other economic crimes during that time — significantly above the global average and about a 10 […]
Six young entrepreneurs have just been awarded £20,000 in total as part of the Next Generation Festival. The all day event, which took place Thursday at St. Mary’s Venue, was a key aspect of The Next Generation Programme, an educational and support initiative from charity Launch It & Enterprise Nation that addresses issues of underfunding, […]