British SMEs lose £10bn a year, according to new research
The UK’s SMEs have lost £10 billion in the last year due to a lack of risk management in regards to their currency exposure, new research has found.Continue reading
BCC calls for simplified and reduced tax for businesses
Members of the British Chamber of Commerce (BCC) have called on all three major political parties to both simplify the UK’s overly complicated tax system, and reduce the amount of tax business pay before they generate a profit.Continue reading
UK moves up to ninth in thinktank’s list of best performing economies
The UK has climbed one place in a list of the world’s top performing economies, a global thinktank has said.Continue reading
SMEs are missing out on new funding options, according to new research
Hundreds of SMEs may be missing out on new sources of funding due to a lack of awareness and understanding, according to a new study by Aviva.Continue reading
ONS inclusion of illicit trades and charities in data leads to upward revision of GDP
For the first time in its history, the Office of National Statistics (ONS) has used estimates of proceeds from charities, illegal drugs, and prostitution in its economic assessments of the UK – leading Gross Domestic Product (GDP) during and after the recession to be revised upward.Continue reading
Majority of SMEs unhappy with their performance, according to new study
Around 40 per cent of small businesses in the UK say they are unhappy with their recent performance, according to new research.Continue reading
HMRC’s new powers hit stumbling block
Plans to introduce new powers that would allow H M Revenue and Customs (HMRC) to take money directly from people’s accounts has hit a fresh wave of protests, after it was revealed that it might be used to reclaim money miss-paid to people receiving tax credits.Continue reading
Government suppliers race to self-certify tax compliance
A new statement from HMRC has shown early indications that businesses hoping to bid for government work are taking the step towards being tax compliant, as the government continues to roll out its latest tax and procurement policy.Continue reading
Confident consumers
Confidence in the economy rose amongst consumers again this month, with one major index hitting the highest level in nearly a decade, signalling continued growth for the rest of the year. Continue reading
Business group urges continuation of export drive
The UK must invest and export more to ensure that its ‘stellar’ growth this year is not a short-term effort, or ‘a flash in the pan’, a leading business group has warned. Continue reading
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