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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:

New start date for Tax-Free Childcare - August 14, 2015
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The start date for a new government scheme offering help with childcare costs has been put back by more than a year. It was originally planned that the Tax-Free Childcare initiative would be introduced in autumn 2015. But when legal action was brought by a group of childcare voucher providers involved in delivering the scheme … Continue reading New start date for Tax-Free Childcare


Pension participation hits new high - August 14, 2015
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Workplace pension participation has hit its highest level in a decade with young people among the biggest winners, new research has found. Office for National Statistics figures published on 16 July revealed that overall, 70 per cent of eligible employees –13.9 million people – paid into a workplace pension in 2014, a 15 per cent … Continue reading Pension participation hits new high


Key sectors in red tape spotlight - August 14, 2015
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The government has launched new reviews designed to slash red tape in five key industry sectors. The reviews, announced by Business Secretary Sajid Javid announced on 16 July, are part of a government commitment to axe unnecessary regulation and its poor implementation by a further £10 billion by 2020. They will focus on the energy, … Continue reading Key sectors in red tape spotlight


UK leads way on inward investment - July 6, 2015
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The UK has maintained its position as the number one destination for foreign direct investment (FDI) in Europe after attracting a record number of projects in 2014-15. Annual figures from UK Trade & Investment (UKTI), published on 17 June, revealed that the UK attracted 1,988 FDI projects – 12 per cent more than 2013-14 – which are … Continue reading UK leads way on inward investment


Companies House launches new search service - July 6, 2015
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Companies House has launched a new, free of charge search service of digital data held on the UK register of companies. The service provides access to more than 170 million records concerning companies and directors, including financial accounts, company filings and details of directors and company secretaries throughout the life of the company. Companies House … Continue reading Companies House launches new search service


Red tape and tax high on government agenda - June 9, 2015
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Cutting £10 billion of red tape for small businesses and freezing key tax rates are among the highlights of the new Conservative government’s legislative programme. A range of measures to reduce regulation on small businesses, making it easier for them to create jobs, was included in the Queen’s Speech, delivered on 27 May, which set … Continue reading Red tape and tax high on government agenda


Cyber insurance ‘should be norm within 10 years’ - June 9, 2015
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Cyber insurance should become as common a purchase for UK businesses as property insurance within the next decade, says the Association of British Insurers (ABI). The ABI said that any business using the internet was vulnerable to threats, including deliberate attacks by thieves and data losses caused by human error, and that cyber cover should … Continue reading Cyber insurance ‘should be norm within 10 years’


Drive targets first time exporters - June 9, 2015
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A new government initiative has been launched to help businesses expand into international markets for the first time. The First Time Exporters (FTE) initiative, run by UK Trade & Investment (UKTI), includes training and advice for companies selling overseas for the first time, such as the opportunity to take part in trade missions to nearby … Continue reading Drive targets first time exporters


Firms warned to beware fraudsters - May 15, 2015
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Fraudsters are using a new scam to target small firms with established finance facilities, according to a small business finance specialist. Ashley Business Finance warned other businesses to beware after two of its clients, in Wigan and Manchester, lost more than £100,000 between them. In both cases, the fraudsters met their victims at networking groups. … Continue reading Firms warned to beware fraudsters


British Business Bank programme set to boost lending - May 15, 2015
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The British Business Bank is opening its ENABLE Guarantee programme to all banks that lend to smaller UK businesses, following completion of the first transaction under the scheme. The programme encourages participating banks to lend more to smaller businesses by reducing the capital they need to hold to support such lending. The first transaction, with Clydesdale and … Continue reading British Business Bank programme set to boost lending


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