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One in five small firms have already cut staff – and the worst may not be over
ITV dangles £500,000 TV advertising prize for Britain’s fastest-growing smaller firms
Barclays reopens the high street door as digital-only rivals circle
Barclays retreats from small business lending after private credit shocks
Government sets £7.4bn small business spending target to boost local growth and jobs
Big firms face multimillion-pound fines under crackdown on late payments
Government to consult on ECITB and CITB merger into single construction skills body
Spring Statement 2026: Rachel Reeves trims growth forecast as Middle East tensions cloud outlook
Energy bills could hit £2,500 if Iran conflict disrupts global gas supplies
UK shop price inflation slows to 1.1% in February, easing cost of living pressure

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Number of new homes built in 2024 plunges by a fifth in blow to government house building targets

Labour’s affordable housing plan ‘needs more flexibility,’ say small developers

5 September 2024 In Business Not Ltd 0 Comments

UK house prices experienced a modest rise in June, marking the second consecutive month of growth, according to high street lender Nationwide. However, economists caution that prices are likely to “flatline at best” over the summer due to the impact of increased mortgage rates.

Landlords rush to sell amid fears of capital gains tax hike

5 September 2024 In Business Not Ltd 0 Comments

Fentimans, a renowned maker of traditional soft drinks since 1905, has warned that proposed government plans to introduce a glass tax could threaten the company’s future.

Fentimans warns glass tax could end 120 years of business

5 September 2024 News Not Ltd 0 Comments

New chancellor Rachel Reeves announces mandatory housing targets 'to get Britain building again' Rachel Reeves has announced mandatory housing targets and an end to the onshore wind ban to get "Britain building again". The UK's first ever female chancellor said Labour will create a new taskforce "to accelerate stalled housing sites in our country". She promised her government would build 1.5 million homes over the next five years, as pledged in Labour's election manifesto. "We're not in the business of reneging on our manifesto commitments," she said in her first speech as chancellor after Labour won the general election last Thursday. "We've received that strong mandate. We're going to deliver on that mandate." Ms Reeves announced the government will: • Restore mandatory housebuilding targets • Build 1.5m homes by the end of this parliament - including affordable and council homes • End the onshore wind farm ban • Create a new task force to accelerate stalled housing sites • Support local authorities with 300 additional planning officers across the country • Review planning applications previously turned down that could help the economy • Prioritise brownfield and greybelt land for development to meet housing targets when needed • Reform the planning system to "deliver the infrastructure that our country needs" • Set out new policy intentions for critical infrastructure in the coming months. Commenting on the speech by the Chancellor of the Exchequer, Stephen Phipson, Chief Executive of Make UK, said: “Industry will welcome such a bold statement of intent which is a clear indication of a Government that has well and truly hit the ground running, especially in ensuring that key institutions are focused on promoting economic growth with their shoulders to the wheel. “The current anaemic rate is simply not sustainable if we want the investment in our public services and vital investment in critical infrastructure and, the advantage the UK now clearly has as a stable place to do business and, attract investment, is one we must not waste . An Industrial Strategy will be central to boosting growth, especially working in partnership with Government at national and regional level and, tackling the skills crisis must be at the heart of boosting growth in the first instance, with a fundamental and widespread review of the Apprentice Levy and Technical Education system as a starting point. Additionally, the ambitious target for new homes can be the catalyst to unlock the potential of fully modular homes built in British factories. “Turning the growth taps on will not be easy in the current uncertain international climate and a difficult inheritance. But, industry will commend this announcement that makes quite clear that it is the laser like focus of the new Government.” On Housing, Daniel Paterson, Director of Policy Make UK Modular added: “Make UK Modular looks forward to working with the new government on their ambitious building agenda. The Labour Party laid out a bold plan during the run-up to and throughout the election campaign and we welcome the Chancellor's statement today in regard to growth; making homes and infrastructure building central to this. Modular and MMC leaders can and will play their part in realising the growth opportunities available and helping to reach the target of 1.5 million new homes by the end of this parliament. “The Chancellor's commitment to reinstating housing targets, new funding for 300 new planning officers and overhauling the UK's antiquated planning system - issues that Make UK Modular have long called for action on - is both welcome and overdue. “The planned consultation on the National Planning Policy Framework and the drive to adopt universal coverage for local plansis also helpful in the joint goal of getting Britain building again, creating the homes so desperately needed around the whole of the country.”

UK private sector economy outpaces expectations in August despite tax concerns

5 September 2024 News Not Ltd 0 Comments

Labour’s non-dom tax reforms could cost the UK £1bn as wealthy individuals leave, warns Oxford Economics, citing concerns over inheritance tax changes and reduced investments.

Non-dom tax reforms could cost labour £1bn, warns Oxford Economics

4 September 2024 News Not Ltd 0 Comments

Despite a washout summer, high interest rates, and looming tax hikes, Brits are spending more on small luxuries such as pastries and cosmetics, a trend Barclaycard has dubbed the "sweet treat economy."

Brits turn to ‘sweet treat economy’ for mood boosts amid economic challenges

3 September 2024 In Business Not Ltd 0 Comments

British tech entrepreneur Mike Lynch is preparing to launch a campaign to support Britons who have been wrongfully convicted in the US, following his acquittal of multi-billion dollar fraud charges.

HPE vows to pursue £3bn damages claim against Mike Lynch’s estate following tycoon’s death

3 September 2024 News Not Ltd 0 Comments

Raising the windfall tax on the UK's oil and gas companies could undermine the government’s goal of boosting economic growth, according to industry body Offshore Energies UK (OEUK). The group warns that the planned tax hike could slash investment, resulting in a £13 billion loss to the UK economy from 2025 to 2029 and putting 35,000 jobs at risk.

Business confidence wanes amid fears of energy tax hikes

3 September 2024 News Not Ltd 0 Comments

The Post Office handled a record £3.7bn in cash in July as UK bank branch closures continue to rise. Explore how this shift is impacting consumers and small businesses who rely on cash transactions.

Post Office sees record cash transactions amid ongoing bank closures

3 September 2024 In Business Not Ltd 0 Comments

The Trades Union Congress (TUC) has highlighted a concerning trend in the UK labor market, indicating that workers are significantly worse off compared to before the 2008 financial crisis.

Younger Londoners lead the return to the office

3 September 20243 September 2024 News Not Ltd 0 Comments

Confident,Businesswoman,Wearing,White,Shirt,And,Holding,Suit,With,Suitcase

Flight Centre makes gains with SMEs, boosting corporate growth

1 September 2024 In Business Not Ltd 0 Comments

The UK Government has launched nine new artificial intelligence (AI) training courses for Civil Servants, aimed at enhancing digital skills and improving efficiency across the public sector.

UK government introduces AI training courses for civil servants to boost public sector efficiency

31 August 2024 In Business Not Ltd 0 Comments

The Oasis reunion tour is expected to boost the UK economy and provide a financial lift for Labour, as fans flock to cities across the nation, say experts from Blick Rothenberg.

HM Treasury set to be big benefactors of Oasis’ announcement of a new tour

31 August 2024 In Business Not Ltd 0 Comments

Choosing between leading two iconic supercar brands might seem like an enviable dilemma, but for Adrian Hallmark, who has moved from Bentley to Aston Martin Lagonda, it’s a decision fraught with risks.

Bentley boss Hallmarks’ new mission: saving Aston Martin from electric obsolescence

31 August 202431 August 2024 This Is How I Run My Business Not Ltd 0 Comments

Angela Rayner, the Deputy Prime Minister and Labour’s no-nonsense champion of workers' rights, seems intent on delivering her promises with a zeal that would make even the most ardent trade unionist blush.

Think tank calls for skilled migrants to fuel Rayner’s housebuilding boom

31 August 2024 In Business Not Ltd 0 Comments

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