Recent news headlines relating to UK businesses, entrepreneurs, and sole traders.
According to new research by the Gatsby Foundation, the second-biggest overall concern for small businesses is their struggle to recruit new staff. With 97% of employers in England being small businesses, the struggle to recruit new staff will add to the already challenging situation. Almost 1 million small businesses are concerned about their difficulties in … Read more
After the resignation of Rishi Sunak, a new Chancellor is in post, but can small businesses expect him to listen to their demands of support? The first signs looked promising, when Nadhim Zahawi, the new Chancellor of the Exchequer, signalled his openness to revise planned increases in corporation tax. His commitment to cutting taxes was … Read more
According to newly released figures by Companies House, in 2021 to 2022 there were 753,168 company incorporations, a decrease of 7.1% compared to the previous year. However, it is still the second-highest number of company incorporations on record, with the highest number occurring in 2020 to 2021. Year by year new company incorporations: Year New … Read more
In the run-up to the Brexit referendum there was a lot of talk about the opportunities UK businesses would gain by the UK leaving the EU. The Big Brexit report by the think tank Resolution Foundation has analysed the impact on the UK so far. Six years ago, the UK decided to leave the EU. … Read more
After downgrading its GDP growth forecast from 5.1% to 3.7% in 2022, the Confederation of British Industry (CBI) is now warning the Government that unless it acts immediately, the UK risks sinking into a recession. The CBI wants the Government to focus on the economy and take decisive action now, before Parliament goes into summer … Read more
Many small UK businesses have seen an increase in footfall as a result of the Platinum Jubilee celebrations, throwing them a lifeline during challenging times. According to the British Retail Consortium (BRC), during the Jubilee week, shops have seen an increase in footfall of more than 17% compared to May. This led to a boom … Read more
Last week, Rishi Sunak announced a cost of living package to support people with rising food and energy prices, but he has offered no support for small businesses. In recent weeks and months, small businesses have called for an emergency budget to help with rising costs. But when the Chancellor announced his cost of living … Read more
According to the recent figures published by the House of Commons, the use of cash for payments has gone down, setting us on a path to a cash-free society. Since 2015, cash payments have steadily been declining. While in this year, only 21 billion payments were cash-free, a year later this rose to 23 billion … Read more
As a business owner, keeping your books in order is critical if you are to ensure you manage your cashflow, meet your legal requirements, and pay the correct amount of tax. Yet, 61% of new business owners say they intend on avoiding using an accountant. That’s according to data we have collected here at Business4Beginners … Read more
