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.
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
Business development to bottom line: Turning effort into results!
Let’s assume…you’re a business leader who has worked hard to empower your team to fly your company flag with confidence and absolute clarity on your brand and what you represent.
Rayner’s workers’ rights overhaul could cost employers up to £5bn annually, government warns
Angela Rayner’s proposed workers’ rights reforms could cost UK businesses nearly £5 billion a year, raising concerns about price hikes, job cuts, and reduced investment. Learn more about the potential impact ahead of the Autumn Budget.
Capital gains tax raid could create one of the world’s most ‘anti-growth’ tax systems
Chancellor Rachel Reeves’s upcoming Budget risks pushing the UK towards having one of the least competitive tax systems in the developed world, according to a major new analysis by the US-based Tax Foundation and the UK’s Centre for Policy Studies (CPS).
South East leads in bank loans to small businesses as other UK regions lag behind
Bank lending to small businesses in the South East has surged, while other UK regions struggle. Find out how British Business Bank’s latest research highlights regional disparities and the impact of permanent government funding.
Gold tops $2,700 an ounce amid Middle East tensions and falling interest rates
Gold prices surged past the $2,700-per-ounce mark for the first time on Friday, as escalating tensions in the Middle East and ongoing global economic uncertainty drove demand for the precious metal.
Record number of UK businesses at risk of collapse ahead of critical autumn budget
A record 632,756 UK businesses are at risk of collapse, with sectors like utilities and retail hit hard ahead of Rachel Reeves’ first budget. Find out how rising financial distress could shape the Autumn Budget 2024.
October budget 2024 predictions: what Rachel Reeves could announce
Rachel Reeves’ first Labour budget could introduce tax hikes, including potential increases in national insurance, capital gains tax, and gambling levies. Learn about the key budget predictions ahead of the October 2024 announcement.
Investors rush to withdraw pension funds amid fears of tax hikes in upcoming budget
Investors are pulling money from pension pots ahead of potential tax changes in Rachel Reeves’s October budget, sparking concerns about pension tax relief cuts.
Red tape risks turning city into ‘graveyard’, warns Bank of England official
Bank of England’s Sam Woods warns that excessive regulation threatens the City of London’s competitiveness, calling for a balance between risk-taking and financial stability.
HMRC imposes £13.7 million in penalties following National Minimum Wage enforcement action
HMRC identifies £13.7 million in National Minimum Wage arrears and issues penalties to employers, urging businesses to ensure compliance amidst rising enforcement activity.
Premier Inn owner Whitbread to return £2bn to shareholders as it eyes profit growth and expansion
Whitbread, Premier Inn’s parent company, plans to return £2bn to shareholders over five years while increasing profits by £300m, despite a fall in first-half profits.
Majority of Britons back increased tax on online gambling as calls for reform grow ahead of Autumn Budget
Over 50% of Britons support raising taxes on online gambling. As the Autumn Budget looms, a new report calls for doubling the Remote Gaming Duty to 42%, potentially generating £900 million for the public purse.
Ex-Google chief warns red tape is stifling UK growth
Former Google CEO Eric Schmidt warns excessive regulation is stifling the UK’s growth and green ambitions, urging the government to tackle red tape to boost investment and achieve net zero goals.
Alan Shearer Foundation receives £23,500 boost from Agilico’s Great North Run efforts
Agilico raised £23,500 for the Alan Shearer Foundation during the Great North Run, helping to fund essential facilities and therapies for people with diverse abilities at the Alan Shearer Centre.