Britain’s most senior civil servant has said the previous Conservative government’s failure to hold a spending review in its final years in office has contributed to uncertainty over the public finances. Cabinet secretary Simon Case made the claim in a leaked letter as he denied allegations by the Conservatives that the new government’s claims to...
Category: Bussiness
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Fears over energy tax rises as business confidence falls
Getty Images Raising the windfall tax on the UK’s oil and gas companies will hit the government’s main goal of growing the economy, the industry has said. Offshore Energies UK (OEUK) said the planned hike would cause investment in the sector to plunge and result in a loss of £13bn to the UK economy from...
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Top earners and entrepreneurs already fleeing Britain over tax raids
These more attractive territories include Spain, where under “Beckham’s Law”, named after the famous footballer, gains on non-Spanish assets are not taxed. Ireland also has its own non-dom regime allowing foreign gains and income to grow tax-free. Sir Martin Sorrell, the chairman of S4 Capital and founder of advertising giant WPP, warned that with “increased...
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Family skincare business named among top 100 small businesses in UK
A skincare business has been named as one of the nation’s top 100 most impressive small firms in the UK. Neve’s Bees in Eynsham has been selected as part of this year’s SmallBiz100 line-up by the Small Business Saturday UK campaign as part of the countdown to Small Business Saturday on December 7. The family business...
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UK local news websites see audience bounceback
Manchester Evening News tops table of biggest local news websites in the UK Press Gazette’s updated ranking of the biggest local news websites in the UK shows that most titles grew their audience in July 2024 versus the same month a year earlier. When Press Gazette last ranked UK local news websites using Ipsos iris...
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Fish and chips UK takeaway with biggest price rise
Getty Images Fish and chips is a British family favourite equally enjoyed around the table on a Friday night or out of the paper on an often overcast beach. But the deep fried delicacy has seen the biggest price increase of some of the UK’s most popular takeaways, according to new figures. The average price...
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UK’s Top Software Development Companies for Digital Innovation
The best software development companies in UK have a high rating as they build bespoke software solutions for businesses. As per Statista, the software market is projected to reach a whopping USD 659 billion in 2023 and is predicted to increase to USD 858.10 billion by 2028 with a CAGR of 5.42%. This is the...
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Sussex’s top businesses exceed £10 billion in turnover
Sussex’s business community is thriving, according to a new report. Grant Thornton suggests that the county’s top businesses achieved £10.98 billion in turnover in 2023 – and enjoyed notable revenue growth despite the UK facing broader headwinds. Grant Thornton, Sussex Limited Report 2024 An analysis of the Sussex economy and its top 40 firms has...
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‘Best and worst’ UK banks for customer satisfaction revealed by poll
Monzo has been named the best bank in Great Britain for customer satisfaction, according to a major industry-wide survey. The poll of more than 17,000 personal current account customers placed Starling Bank in second place and JP Morgan’s Chase – which only launched in the UK three years ago – third. The survey, which was...
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Angela Rayner is warned her workers’ rights plan could harm UK jobs and growth after holding talks with top bosses of business groups and trade unions
By Emily Hawkins City Reporter Published: 03:17 BST, 15 August 2024 | Updated: 03:40 BST, 15 August 2024 Business leaders have warned Angela Rayner her workers’ rights plan could harm jobs and growth. The deputy Prime Minister and business secretary Jonathan Reynolds held talks with the top bosses of business groups and trade unions yesterday....
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FTSE 100 chief executive pay at record high
The heads of the UK’s most valuable companies are being paid more than ever before – with the average chief executive paid more than 100 times that of the average worker, according to analysis from the High Pay Centre thinktank. The CEOs of the most valuable firms listed on the London Stock Exchange – the...
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HSBC lures top British diplomat amid geopolitical headwinds
HSBC Holdings has lured one of Britain’s top diplomats to fill one of its most senior executive roles as it braces for an intensification of global geopolitical headwinds. Sky News has learnt that David Quarrey CMG, who has served as the UK’s permanent representative to NATO since April 2022, is leaving the diplomatic service to...