BMW Financial Services has allocated £70 million to address potential customer compensation claims over motor finance commissions. The industry’s liability may reach billions as lenders prepare for further fallout.
Category: In Business
Advice on growing your small and medium sized business, SME, in the UK. Hiring and managing staff and finance plus marketing all on one website
Metro Bank fined £16.6m by FCA over money laundering monitoring failures
The FCA has fined Metro Bank £16.6 million for inadequate systems to monitor over £51 billion in transactions for money laundering risks. Learn more about the regulatory breach.
Budget tax rise puts two in five UK hair salons at risk of closure, warn industry leaders
New budget policies, including higher employer national insurance contributions, could force two in five UK hair salons to close. Industry leaders call for action as employment costs surge.
Labour’s VAT on private school fees triggers surge in state school applications
Over 3,000 students have applied to switch from private to state schools, as Labour’s 20% VAT on fees adds an average of £2,000 per pupil. Critics warn of strain on the state sector.
AI could displace up to 3 million UK jobs, Tony Blair Institute predicts, but growth in new roles expected
AI could displace up to 3 million UK jobs, Tony Blair Institute predicts, but growth in new roles expected
Investors anticipate SSE’s spending plans amid completion of key energy projects
SSE is set to unveil spending plans and project updates at its interim results, following the completion of major renewable projects. Learn about investor expectations and SSE’s growth targets.
Boxing legend Chris Eubank launches Trust Huddle, set to transform community fundraising
Chris Eubank unveils Trust Huddle, a free community platform for fundraising, event organisation, and member management, designed to empower sports clubs, charities, PTAs, and more. Join the revolution today.
Berry Bros & Rudd families warn inheritance tax changes threaten legacy of historic wine business
he Berry and Rudd families fear that the Labour government’s inheritance tax reforms, slashing business property relief, could endanger the future of their 376-year-old wine business.
Suppliers warn farming inheritance tax will jeopardise UK food security
UK farming leaders warn that new inheritance tax on farming assets over £1 million threatens domestic food production, risking higher prices and increased reliance on imports.
Research suggests Trump tariffs could hinder U.S. manufacturing investment
New research reveals that tariffs on imported manufacturing inputs, like those proposed by Donald Trump, could discourage U.S. investment in manufacturing by raising production costs.
GOV.UK Forms to streamline public access to government services across the UK
GOV.UK Forms is set to improve online access to essential government services, saving time for citizens and reducing administrative burdens. Discover the benefits of this digital transformation.
UK government pledges £500m to expand broadband and mobile coverage in rural areas
The UK government’s Autumn Budget commits £500 million to enhance broadband and mobile infrastructure, aiming for nationwide gigabit and 5G coverage by 2030. Learn about the impact on rural businesses and economic growth.
UK shoplifting offences reach record high as over 1.2m cases logged since 2019
UK shoplifting hits all-time high with 344,709 cases in 2023, driven by the cost-of-living crisis. Retailers face rising losses, while police struggle to keep up.
Family businesses face new inheritance tax burden as relief cut to 50%
UK family businesses will face a 20% inheritance tax from 2026 as Business Property Relief is reduced to 50%, raising concerns about viability. Learn how this could impact succession planning.
Aston Martin bleeding £1m a day as supply chain issues and China demand slump hit targets
Aston Martin faces cash burn of £1 million daily amid missed 2024 targets and slowing demand in China. Discover the challenges facing the luxury carmaker and its revised strategy.
