September, with record electric vehicle purchases, as cost-conscious consumers avoid the new vehicle market. Discover the trends driving this shift.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Asda cuts jobs and mandates office attendance amid turnaround efforts
Asda orders head office staff to return three days a week and announces job cuts as part of a strategy to reverse declining sales. Learn more about the supermarket’s restructuring.
Treasury accused of hiding £9.5bn ‘black hole’ in budget, says OBR chief
The UK Treasury may have broken the law by failing to disclose £9.5bn in budget pressures, claims the Office for Budget Responsibility, sparking questions over transparency.
Pound tumbles, stocks surge as Trump heads back to the White House
The pound drops 1.4% against the dollar, while FTSE 100 stocks surge as Donald Trump declares victory in the US election. Discover how markets are reacting to Trump’s return.
Wetherspoons warns of pint price rise as budget adds £60m in costs
JD Wetherspoon faces £60m in extra costs due to National Insurance and wage hikes from the latest Budget, potentially driving up pint prices across its 800 UK pubs.
Trump hails ‘magnificent victory’ as projected winner of 2024 US election
Donald Trump is set to return to the White House after winning a close election against Kamala Harris, securing 265 of the needed 270 electoral votes. Read the latest on Trump’s projected return to power.
Asos optimistic about turnaround despite £380m loss
ASOS optimistic about turnaround despite £380m loss, as inventory cuts and focus on full-price sales drive recovery
Electric car prices slashed as manufacturers push to meet zero-emission targets
Heavy discounting boosts electric car sales in the UK as manufacturers aim to meet government zero-emission targets and avoid fines. Discover the impact of price cuts on the market.
Jobless rate set to rise’ as experts warn of National Insurance hike impact
The National Institute of Economic and Social Research warns that rising employers’ national insurance contributions will increase unemployment and slow job creation. Explore the projected impacts of the latest budget on UK employment.
James Dyson condemns ‘spiteful’ inheritance tax in budget, warns of impact on family businesses
Sir James Dyson criticises Rachel Reeves’ inheritance tax changes, warning they could “kill off” family businesses and stifle entrepreneurship. Learn more about the policy’s potential impact.
High street retailers face bleak festive season amid tax hikes and rising costs
UK high street braces for challenging Christmas season as new tax increases and rising wage costs threaten retailer profits and investment.
Unite union threatens legal action over cuts to pensioners’ winter fuel payments
Unite union warns of legal action over cuts to winter fuel payments, arguing the policy leaves millions of UK pensioners at risk as colder months set in.
More than 1,000 UK employees trial four-day working week without pay cut
Over 1,000 employees across 17 UK businesses start a six-month trial of the four-day workweek with no reduction in pay, aiming to boost work-life balance and productivity.
Treasury’s bank referral scheme falls flat, securing loans for only 1 in 20 small businesses
n official review brands the Treasury’s bank referral scheme a “total failure,” with only 5% of referred small businesses securing finance. Discover the challenges impacting SME lending in the UK.
Private schools to launch legal action against VAT on fees, calling policy ‘discriminatory’
Private schools plan to sue Labour over VAT on fees, arguing it discriminates against special-needs and arts-focused institutions. Learn more about the legal challenge and its potential impact.
