New Online Consumer Rights Laws To Come Into Effect

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New Online Consumer Rights Laws To Come Into Effect

30 May 2024 – More severe penalties are in store for businesses that mislead customers over online purchases. The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May and will set the tone for consumer laws in digital markets. The new online consumer rights laws will include more measures to … Read more

Government To Introduce Skills Bootcamps For Unemployed

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Government To Introduce Skills Bootcamps For Unemployed

22 May 2024 – The government has announced plans to implement more stringent regulations to curb legal immigration. Unfortunately, this will be a massive blow to small businesses that are barely surviving the current labour crisis. As a response, skills bootcamps will be established, offering a potential solution for the businesses in the industries that … Read more

UK Companies At Risk Of Missing Decarbonisation Targets

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UK Companies At Risk Of Missing Decarbonisation Targets

9 May 2024 – UK firms risk straying from the 1.5°C pathway of the Paris Agreement if the downward trend of achieving decarbonisation targets persists into next year. A collaboration between the CDP and Bain & Company Inc. disclosed this finding in their report on UK corporate decarbonisation. On a positive note, smaller companies led … Read more

How New Brexit Import Charges Impact Small UK Businesses

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How New Brexit Import Charges Impact Small UK Businesses

1 May 2024 – The new Brexit import charges are now official. Despite a delay (five times, in fact), agricultural imports worth £21bn will be subjected to a much more stringent importation procedure. This will include physical checks, health certificates, and identification for 3% of all UK imports. Adopting the new measures could cost importers … Read more

Economic Conditions For Small Businesses Remain Challenging

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Economic Conditions For Small Businesses Remain Challenging

24 April 2024 – Current economic conditions still pose a challenge for many small businesses. However, the latest Office of National Statistics report suggests a steady recovery for SMEs in some areas.  Of the 9,666 responses from the Wave 106 survey data in this report, 95% reported an active trading status in April 2024.  In … Read more

Is Rise In UK Unemployment Rate Sign SMEs Struggle?

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Is Rise In UK Unemployment Rate Sign SMEs Struggle?

17 April 2024 – The UK unemployment rate has been at its highest in six months, according to the latest Office for National Statistics report.  The current figure comes in the wake of the diminishing number of vacancies in the market, a tell-tale sign of a cooling labour market. The UK labour market in numbers … Read more

Flexible Working Bill: End Of The 9-5 In The Office?

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Flexible Working Bill: End Of The 9-5 In The Office?

UK employees can request flexible working arrangements as early as day one from 6 April 2024 as the new Flexible Working Bill passes into law. The Employment Relations (Flexible Working) Bill will allow 2.2 million more employees to exercise their right to decide when, where, and how they work by the start of this month. … Read more

More Support To Hire Apprentices For SMEs

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More Support To Hire Apprentices For SMEs

3 April 2024 – Twenty thousand incoming apprenticeships may be the government’s answer to SMEs’ current skill and labour crisis.  A previous iteration of the apprentice support programme saw the government shouldering 95% of apprentice upskilling costs. This time, the subsidy will cover all the training costs when SMEs hire apprentices. An extra £60 million … Read more

How Companies House Price Increases Affect Small Businesses

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How Companies House Price Increases Affect Small Businesses

27 March 2024 – Starting 1 May 2024, Companies House will increase its fees for most of its filing and registration services. The change comes after an annual review of the fees and the new legislation for major company law reforms. The Companies House price increases will fund the changes to implement the Economic Crime … Read more

Spring Budget 2024: What It Means For Small Businesses

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Spring Budget 2024: What It Means For Small Businesses

7 March 2024 – The spring budget 2024 promises an economy on the rise, recovery from inflation, tax cuts, and other policies to drive SME growth.  Yesterday, the Chancellor delivered his Spring Budget speech to the House of Commons. In over an hour, he painted a picture of an economy that’s on track to grow, … Read more