The Office of the Small Business Commissioner (OSBC) has appointed two new advisory board members as it steps up efforts to tackle the UK’s persistent late payment crisis and prepares for potential new regulatory powers.…
Category:
Business
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Business
Tribunal ruling could cut public EV charging VAT to 5%, raising prospect of cheaper charging
A landmark tribunal ruling that public electric vehicle (EV) charging should be subject to a reduced 5% VAT rate rather than the standard 20% has sparked renewed debate over fairness in the UK’s charging infrastructure,…
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Bentley is to cut 275 jobs as the luxury carmaker grapples with a sharp decline in profits and mounting pressure from a weakening global market, underlining the growing strain even at the very top end…
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Individual insolvencies across England and Wales have surged by 18 per cent year-on-year, in what experts are warning is clear evidence of a deepening household financial crisis as rising borrowing costs, persistent inflation and accumulated…
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The Chancellor, Rachel Reeves, is set to unveil a sweeping £2 billion investment programme aimed at positioning the UK as the fastest adopter of artificial intelligence across the G7, in a major bid to reignite…
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Business
HMRC interest ‘double standards’ branded unfair as taxpayers face higher charges than rebates
HM Revenue & Customs has come under fresh criticism over what tax experts describe as a “deeply unfair” imbalance between the interest it charges taxpayers and the rate it pays on refunds, raising wider concerns…
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Business
Experts warn pension tax cap risks undermining retirement savings as pressure mounts on Chancellor to rethink
Financial experts and industry figures are urging Chancellor Rachel Reeves to reconsider controversial plans to cap National Insurance relief on pension contributions at £2,000 a year, warning the move could undermine long-term savings and disrupt…
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Business
Alcohol-free beer, hummus and pet grooming join inflation basket as UK spending habits shift
Alcohol-free beer has been added to the UK’s official inflation basket, in a move that underlines changing consumer habits and the growing shift towards healthier lifestyles. The Office for National Statistics (ONS) confirmed that the…
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Chinese e-commerce giant JD.com has made a decisive move into the UK market with the launch of its Joybuy platform, setting up a direct challenge to Amazon by promising same-day delivery without the traditional trade-off…
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Challenger banks have maintained their dominant position in lending to small and medium-sized enterprises (SMEs), but fresh data suggests their rapid ascent may be levelling off as major high street lenders begin to reassert themselves.…