Recent news headlines relating to UK businesses, entrepreneurs, and sole traders.
9 January 2024 – According to new research a large number of business owners are using their own savings to start their business. But help from family is becoming more and more important too. The dream of starting a business can quickly turn sour if funding is hard to come buy. Research by wealth management … Read more
19 December 2023 – UK companies had another tough year, with insolvencies at a high level. The latest government data shows that company insolvency registrations in England and Wales have been 21% higher in November this year compared to the same time last year. The latest data from the UK Insolvency Service confirms what earlier … Read more
12 December 2023 – Last week the new Home Secretary has unveiled new immigration plans to curb legal immigration to the UK. The new rules will be another blow to small UK businesses struggling with an ongoing skills shortage. Labour shortages and a skills gap has plagued small businesses in the UK for a while, … Read more
5 December 2023 – Tax season is upon us, with the deadline for SME’s and sole traders to submit their Self Assessment tax return for the tax year 2022/23 looming. Yet 25% of SMEs are holding off filing their tax return until the last minute. Every year, when the festive season is approaching, many small … Read more
28 November 2023 – New data has revealed that for the first time in 12 years, the UK business population has shrunk. More businesses have closed down than started up over the past two years. Since after the financial crisis in 2008/09, the number of active UK businesses has been rising every year, with the … Read more
23 November 2023 – Yesterday the Chancellor announced his Autumn Statement 2023, setting out the government’s fiscal plan for the year ahead. When the King’s Speech earlier this month announced that the government is focussing on growing the economy in the coming year, many business leaders lamented the lack of detail. With no clear indication … Read more
14 November 2023 – Last week we witnessed a historic moment, when we heard the King’s Speech for the first time in 70 years. While economic growth featured prominently, small businesses will wonder what it all means for them. About once a year, the government outlines its priorities for the coming year delivered by the … Read more
31 October 2023 – A labour and skills shortage has been plaguing UK businesses for years now. And according to a new study, business leaders are concerned about the challenges continuing in 2024. The right staff is vital for any business to grow and thrive. But in recent years, a skills gap has impacted on … Read more
24 October 2023 – Black Friday and Cyber Monday have become important events in many shoppers’ diaries. A new survey suggests UK shoppers are planning to spend big during these discount events this year. This year was tough for many small businesses. High inflation and rising borrowing costs made running a business financially challenging. The … Read more
10 October 2023 – Small UK businesses have been impacted by a skills gap, which has made hiring new staff a huge challenge for some. 72% want more support from the government to upskill staff and close the skills gap. Small businesses had a tough time in the past few years. The pandemic made trading … Read more