Business News

22 Jun 2018

BCC states UK economy 'set for worst growth since 2009'

The British Chambers of Commerce (BCC) has warned that the UK economy is set for its 'weakest year' of Gross Domestic Product (GDP) growth since 2009.

21 Jun 2018

SMEs urge government to simplify UK business rates system

A report published by banking group Close Brothers has revealed that 71% of UK small and medium-sized enterprises (SMEs) would like the UK's business rates system to be made 'simpler and more flexible'.

20 Jun 2018

Business leaders call on Chancellor to review UK tax system

In a letter to Chancellor Philip Hammond, leaders of some of the UK's most prominent business associations have urged the government to undertake a review of the so-called 'tax burden' that faces the finance industry and UK entrepreneurs.

19 Jun 2018

Report suggests payments by card are 'now more popular than using cash'

A report published by trade association UK Finance has revealed that, by the end of 2017, more payments were made using debit cards, at 13.2 billion payments, than payments made using cash, which totalled 13.1 billion payments.

18 Jun 2018

UK tax gap 'falls to £33bn'

Recent figures from HMRC have revealed that the UK 'tax gap' equated to 5.7% of total tax liabilities for the 2016/17 tax year.

15 Jun 2018

Government to require businesses to justify executives' salaries

New plans outlined by the government could require large businesses to justify executives' salaries.

14 Jun 2018

Inheritance tax 'unnecessarily complicated', states AAT

The Association of Accounting Technicians (AAT) has stated that inheritance tax (IHT) is 'unnecessarily complicated' and 'widely misunderstood'.

13 Jun 2018

UK small firms 'unprepared for business interruption', FSB warns

The Federation of Small Businesses (FSB) has warned that the majority of UK small firms are 'unprepared' for disruption risks that internal and external threats pose.

12 Jun 2018

GDPR fines 'could increase cybercrime ransom demands'

As a result of the introduction of the General Data Protection Regulation (GDPR) last month, cybersecurity firm CrowdStrike has warned that businesses may be lured into paying cyber ransom demands to criminals, rather than pay costly GDPR fines.

11 Jun 2018

Study suggests many individuals 'plan to work past retirement age'

A study carried out by insurance company Prudential has suggested that a significant number of employees are planning to work past their state pension age.

08 Jun 2018

Artificial intelligence 'will be critical to firms' survival', survey suggests

Artificial intelligence (AI) will be 'critical' to firms' survival over the coming five years, a survey carried out by software firm SAP has suggested.

07 Jun 2018

Business group urges government to increase VAT registration threshold

The Association of Independent Professionals and the Self-Employed (IPSE) has urged the government to increase the VAT registration threshold in order to 'stimulate small business growth and encourage innovation'.

06 Jun 2018

Business group calls on large firms to 'lead the way' in tackling late payment

The Federation of Small Businesses (FSB) has urged large businesses to take immediate action to end the 'culture of late payment, poor payment practice and supply chain bullying'.

05 Jun 2018

Rising fuel prices adversely affecting UK businesses, industry warns

The motoring industry has warned that rising prices for both petrol and diesel are adversely affecting UK businesses.

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