Industry News

Your financial New Year’s resolutions

Creating some financial New Year’s resolutions is a good way to help ensure that you are on course for a successful and profitable year ahead. It is important to ensure that you are making the most of your business and personal wealth, as well as capitalising on any available allowances and reliefs. Some of the […]


Productivity amongst small businesses ‘held back by poor broadband’

The Federation of Small Businesses (FSB) has warned that productivity amongst UK small firms is ‘still being held back’ by poor broadband and mobile coverage. The FSB’s warning comes in response to Ofcom’s annual Connected Nations report, which revealed that, while the availability of superfast broadband has increased, only 90% of small businesses are able […]


ICAEW warns ‘no deal’ Brexit will ‘slam brakes on UK growth’

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that a decision to reject Prime Minister Theresa May’s Brexit deal will ‘undermine the chance of stronger economic growth’ in 2019. In its latest economic forecast, the ICAEW predicted that the UK economy will grow by 1.6% over the coming year. It believes […]


Government introduces new legislation designed to ‘upgrade workers’ rights’

New legislation designed to ‘upgrade workers’ rights’ has been introduced by the government. The measures will ‘ensure individuals can access fair and decent work’, and include a ‘day one’ statement of rights for all UK workers, which outlines their leave entitlement and pay. Additionally, under the legislation, the holiday pay reference period will be extended […]


‘Bad payment practices lead to SME failures’, report suggests

A new report published by the Business, Energy and Industrial Strategy (BEIS) Committee has highlighted how ‘bad payment practices’ have led to the ‘failure’ of many small and medium-sized enterprises (SMEs). The government’s Prompt Payment Code, which was created to address poor payment practices, has ‘too often’ been ‘ineffective’, according to the Committee. A ‘statutory […]


Confidence amongst small businesses ‘falls to seven-year low’

Confidence amongst UK small businesses has ‘fallen to its lowest point since 2011’, the quarterly Small Business Index (SBI) published by the Federation of Small Businesses (FSB) has revealed. The SBI currently stands at -9.9 – which, according to the FSB, reflects a ‘level of pessimism not seen since the aftermath of the financial crash’. […]


Report suggests HMRC ‘treating taxpayers unfairly’

A report published by the Economic Affairs Committee has suggested that HMRC is ‘treating taxpayers unfairly’, and has called for the Revenue’s tax avoidance and evasion powers to be reviewed. The Committee stated that HMRC is failing to ‘discriminate effectively’ in regard to the full range of behaviours and circumstances it classes as tax avoidance. […]