Category: News

Chancellor Rachel Reeves is considering slashing the VAT registration threshold from £90,000 to £30,000 in the November Budget – a move that could drag tens of thousands of small businesses into the tax net and raise billions for the Treasury.

Boohoo has warned suppliers of delayed payments amid a growing cash squeeze, weeks after securing a £175m loan and reporting annual losses of £348m.

Amazon will close all 19 of its UK Fresh stores, putting up to 250 jobs at risk, as it pivots to online grocery and expands its Whole Foods Market presence.

The Resolution Foundation has urged Rachel Reeves to cut 2p from employee national insurance and raise income tax instead, a move that could raise £6bn a year while spreading the tax burden more fairly.

Manchester United cut 400 jobs at a £36m cost but posted record £666m revenue, raising doubts over Sir Jim Ratcliffe’s “bust by Christmas” warning.

Franchisees warned Vodafone in 2020 that commission cuts were damaging their wellbeing, four years before launching a £120m High Court case against the telecoms giant.

Leading economists and policymakers have urged Chancellor Rachel Reeves to rebalance the tax system towards wealthier older people, introduce stamp duty reform and boost investment to tackle a £30bn fiscal gap.

President Donald Trump says TV networks that criticise him should “maybe” have their US broadcast licences revoked, raising concerns over free speech and regulatory overreach.

Retailers warn staff shortages are worsening as fear of violence and soaring shoplifting incidents deter young people from taking jobs on the high street.

Massive Attack ask Universal to remove their work from Spotify globally and from all streaming platforms in Israel, citing CEO’s investment in drone-defence technology.

Barclays has launched its new Farm Transition Finance scheme, offering discounted loans to UK farmers adopting sustainable and regenerative practices, with eligibility linked to recognised certifications and supply chain programmes.

The Bank of England has kept UK interest rates at 4%, slowing bond sales and warning inflation remains “not out of the woods” as investors expect rates to stay on hold through 2025.

Evelyn Partners research shows female entrepreneurs exit for 25% less than men, averaging £3.9m versus £5.2m. Experts at the No Diversity, No Deal event in Glasgow say structural barriers, funding gaps and negotiation bias hold women back.

Anna Daroy, former Director General of the Institute of Directors, has been banned as a company director for 11 years after abusing Covid Bounce Back Loans. Globepoint Associates Ltd took £100,000 when only £50,000 was allowed.