For The Drum’s Finance & Utilities Focus, we take a look at the 20 biggest budget-holders in the UK financial services sector. Lloyds Banking Group, American Express and Co-Operative Group lead the way as the UK’s biggest-spending financial services companies, according to research revealed as part of our special focus on finance industry marketing. Compiled...
Category: Bussiness
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What the Budget means for UK businesses and business owners and investors
On 30 October 2024 Chancellor Rachel Reeves delivered the hotly anticipated first Budget of the new Labour Government after 14 years of Conservative rule. The overall message was one of “invest, invest, invest”. A significant change in the Government’s fiscal accounting rules aims to unlock funds for investment to boost growth, with additional resources to...
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Businesses ‘worried about everything’ ahead of Budget
Andrew Dwerryhouse, managing director at Liverpool-based clothing and merchandise company Wild Thang, said businesses had faced the challenges of rising costs and inflation in recent years and now “want stability”. “Stability means we can plan for the future,” he said. “Plan for the long term rather than reacting to the short term.” He continued: “When...
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Leading Scottish biotech announces move to ONE BioHub in Aberdeen – Aberdeen Business News
Innovative biotechnology group company NovaBiotics has confirmed that NovaBiotics and NovaBiotics Consumer Health will move into ONE BioHub in Aberdeen. The news was hailed by the UK and Scottish governments as a milestone in industry’s ambition to double the size of north east Scotland’s high-value life sciences cluster to diversify the economy and create high-skill...
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Black Powerlist: Dean Forbes named as most influential black Briton
Forterro Multimillionaire Dean Forbes says topping the list of influential black Britons is a “professional and career high” A man who was twice homeless as a teenager before becoming a multimillionaire entrepreneur has topped a list celebrating influential black Britons. Dean Forbes, who, after failing to make it as a professional footballer, began his career...
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UK Drops Out of Global Pension Index Top 10
The UK has dropped out of the top 10 of the Mercer CFA Institute’s Global Pension Index. The index compares 48 retirement income systems around the world using more than 50 indicators, with a particular focus on adequacy, integrity and sustainability. The research’s primary aim is to benchmark each retirement income system, but it also...
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Reeves tax raid ‘risks harming UK economy’, top business groups warn
Reeves rumoured tax plans risk ‘harming the economy’, business groups have warned Some of the country’s top business groups have warned that Rachel Reeves’s rumoured plans to ditch a slew of tax breaks for entrepreneurs at the budget “risk harming” the economy and dissuading founders from setting up companies in Britain. In an open letter...
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Morecambe tech entrepreneur named among UK’s most ambitious business leaders
A Morecambe entrepreneur has been named among the UK’s most ambitious business leaders for 2024. Craig Smith, Group Managing Director of Morecambe-based ICT Reverse & Mazuma Mobile has been recognised as one of The LDC Top 50 Most Ambitious Business Leaders for 2024, in partnership with The Times. The Top 50 celebrates entrepreneurs demonstrating remarkable...
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National Insurance fears spark business backlash
Speculation is gathering about what Labour will announce in its first Budget in almost 15 years at the end of this month. The chancellor claims there is a £22bn “hole” in the public finances and that some taxes will be raised. National Insurance contributions are the UK’s second-largest revenue raiser behind income tax. It is...
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Beating burnout starts at the top of your business – HR News
By Stephen Haynes, Director of Wellbeing, British Safety Council Some workplace metrics are easy to measure – from levels of profit and loss to rates of sickness and absence – while measuring levels of burnout is an altogether more complex task. It’s also increasingly becoming an agenda item in the boardroom. Burnout is a syndrome...
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Newspaper headlines: ‘Right time to buy into Britain’ and university expenses
The Times features more details of the letter written by some of the world’s top businesses, external before today’s investment summit, who say Britain now has a real opportunity to grow its economy. They argue that our universities, legal expertise and financial services have provided what they call the ‘bedrock of a strong investment proposition’....
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Economic Challenges, Cyber, and People Risks Top UK Businesses’ Concerns: Marsh
Economic and financial challenges (43%), cyber threats (39%) and people-related risks (38%) are the top three concerns facing UK businesses over the next 12 months, according to new research by Marsh McLennan. The findings come from Marsh’s UK Business Risk Report 2024, which surveyed over 2,000 business leaders and sole traders across the UK about...