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Business News

From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

Take advantage of grant funding opportunities – Business Energy & Efficiency Fund - February 22, 2017
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Are you interested in making your business more energy efficient?  If so, this programme can provide one-to-one tailored and impartial energy efficiency support/facilitation and discretionary grants to catalyse investment in energy efficiencies initiatives. The fund provides support and grants to small businesses to help catalyse investment in energy efficiency initiatives, to reduce carbon emissions and … Continue reading Take advantage of grant funding opportunities – Business Energy & Efficiency Fund


Small firms to be helped with bank switching - February 10, 2017
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The UK’s large army of small businesses will soon be able to switch their accounts between banks more easily, following changes to bank competition rules. The Bacs Payment Scheme, the organisation responsible for the majority of the UK’s automated payments, has agreed to implement a number of improvements to make the retail banking market more … Continue reading Small firms to be helped with bank switching


Businesses encouraged to cash-in older currency - February 10, 2017
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From 5 May 2017, the old paper £5 note will no longer be legal tender and may not be accepted in shops and could be refused by banks. After this date retailers and banks need only accept or swap old notes at their own discretion. The new ‘plastic’ notes are already widely in circulation, but … Continue reading Businesses encouraged to cash-in older currency


4.4 million extra people saving into workplace pensions - January 23, 2017
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The latest figures from the Department for Work and Pensions (DWP) show that since 2012, the number of people saving into a workplace pension has increased by 4.4 million. This means that by 2015 – the latest date for which data is available – nearly seven million people saved more than £82 billion in to … Continue reading 4.4 million extra people saving into workplace pensions


Economic growth looks set to slow - January 23, 2017
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Research by the British Chambers of Commerce (BCC) has revealed that economic growth across the whole of the UK is likely to continue to slowdown during 2017 and 2018. The BCC analysis of the state of the current economy and its future forecasts show that GDP growth for 2017 is likely to be around 1.1 … Continue reading Economic growth looks set to slow


Autumn Statement 2016 - November 23, 2016
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For weeks now, senior figures from the world of business have been at pains to point out just how important this year’s Autumn Statement will be. The new Chancellor, Philip Hammond, stepped up to the despatch box to give his most significant speech since he took charge of the Treasury during the summer. If his … Continue reading Autumn Statement 2016


Businesses reminded of changes to National Minimum Wage - November 8, 2016
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From 1 October the UK national minimum wage (NMW) has increased for all workers under the age of 25. For the 270,000 workers aged 21-24 in the UK earning the NMW this means they have seen their hourly wage rise to £6.95 from £6.70, which for those working a typical 35 hour week will mean … Continue reading Businesses reminded of changes to National Minimum Wage


Accountancy body issues cyber crime warning - November 8, 2016
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The Institute of Chartered Accountants in England and Wales (ICAEW) has issued a warning to businesses about the need to put measures in place to avoid falling victim to cyber crime. In its Audit Insights: Cyber Security report, the organisation warns that while businesses have a good awareness of the risks around cyber crime, this … Continue reading Accountancy body issues cyber crime warning


More than a third of companies unaware of apprenticeship levy - October 25, 2016
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New research from the British Chambers of Commerce (BCC) has revealed that more than one in three businesses have not heard of the apprenticeship levy. The BCC is calling on the government to communicate better with businesses about the apprenticeship funding reforms, which will affect businesses with a pay bill that exceeds £3 million a … Continue reading More than a third of companies unaware of apprenticeship levy


FSB sounds alarm on National Living Wage - October 25, 2016
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The Federation of Small Businesses (FSB) has issued a warning about the impact of the introduction of the new National Living Wage (NLW) on the ability of some SMEs to turn a profit. Research, published by the FSB in September, found that the introduction of the NLW of £7.20 per hour in April 2016 had … Continue reading FSB sounds alarm on National Living Wage


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