News Team

The Business4Beginners news team consists of several writers who each have their own unique experience in businesses. By keeping their fingers on the pulse, they bring you the latest in news and trends impacting small UK businesses.

Chancellor May Look To Increase CGT After Record Spending

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Capital gains tax increase

Amid calls for a radical overhaul of capital gains tax, a renowned think tank has advocated the abolition of duties on investment and property profits. The Institute of Economic Affairs (IEA), a free-market organisation, is preparing to lobby for root and branch reform of CGT after Chancellor Rishi Sunak commissioned a review of the levy … Read more

SMEs In Hospitality And Leisure Sectors Back Sunak’s Generous Giveaway

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Hospitality covid rescue package

Small businesses in the hospitality and leisure sectors celebrated joyfully last Wednesday after the Chancellor announced the multi-billion pound giveaway in his mini-Budget. However, business experts warn that additional help is needed to support other sectors hit by the coronavirus downturn that are not included in Rishi Sunak’s £30bn rescue package. Although pubs, restaurants, hotels … Read more

How Chancellor May Boost UK Economy Emerging From Lockdown

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Boost for UK economy after lockdown

As lockdown restrictions are relaxed across most of England, the chancellor on Wednesday will aim to boost the UK’s economy as it emerges from coronavirus. Yet while severe risks to public health remain, Rishi Sunak faces a delicate balancing act. Despite expectations that this will be a ground-breaking summer statement, these are some of the … Read more

PM Johnson Promises Billions In Investment To Reboot UK Economy

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Rebooting UK economy

Boris Johnson has promised to spend billions of pounds in investment to save the economy amid warnings that the country faces the imminent consequences of the coronavirus pandemic. The Prime Minister has tweeted that he wants to build the way back to economic health. Employing a topical weather metaphor, he said that if Covid-19 was … Read more

Result Of 2m Social Distancing Review To Be Announced This Week

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Social distancing review

Ministers are due to announce this week whether the 2m social distancing rule in England will be relaxed, according to Chancellor Rishi Sunak. Prime Minister Boris Johnson commissioned the review on June 14, stating that there was ‘room for manoeuvre’ in the 2m social distancing rule as the the number of Covid-19 cases continues to … Read more

PM Orders ‘Urgent’ Review Of Covid-19 Two-Metre Rule

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Covid 2 metre rule for stores

PM Boris Johnson has ordered a forthcoming review of the Covid-19 two-metre rule for social distancing amid calls for it be scrapped, the result of the UK making ‘good progress’ in restricting the coronavirus. Mr Johnson effectively prepares the ground for the abolition of the two-metre separation rule by taking personal control of the decision … Read more

Sunak Considers Tax Incentives For SMEs

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Tax incentives for SMEs

Tax incentives such as an employment allowance could encourage firms to take on new staff, prevent a rise in unemployment and assist economic growth. Rishi Sunak is considering plans to use tax incentives to boost hiring and address the expected jump in unemployment when wage subsidies are withdrawn from millions of workers later in the … Read more

Chancellor Sunak Gives Self-Employed £8bn Boost

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Self employed investment boost

Chancellor Rishi Sunak has extended the emergency self-employed bailout scheme for another three months, thereby throwing an £8bn lifeline to millions of self-employed workers. Although the package has been welcomed by campaigners, the cost to the taxpayer of the job support schemes is heading towards £100bn. Mr Sunak stated on Friday last week that workers … Read more

Investment of £25bn Planned For Sovereign Wealth Fund

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Sovereign Wealth Fund

Civil Service chiefs are considering using taxpayer money to create investment of £25bn in a sovereign wealth fund to buy shares in family firms across the UK. Under plans being examined by the Government, the UK could be on course to launch its very own sovereign wealth fund. Officials are believed to be ‘seriously studying’ … Read more

Covid-19 Self-Employed Scheme Applicants Exceed 1M

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Self-Employed Scheme Applicants

Covid-19 has impacted significantly on self-employed individuals across the UK who have had their means of earning a living severely disrupted. Applications to the self-employment scheme have already exceeded one million, but how easy is it to check if you are eligible? The most recent of the pandemic support measures implemented by the Government is … Read more