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Enate, founded by Kit Cox in 2011, is an enterprise AI and orchestration platform designed to help businesses streamline their operations. Based in Cheltenham, Enate was born out of Kit’s frustration with the outdated tools, like spreadsheets and shared mailboxes, that many companies relied on to manage complex services. Enate’s solution offers a single platform…

Lord Bamford and his family have pocketed a £300m windfall from their JCB business empire, following a robust year for the construction equipment manufacturer that saw profits surge by 44% to £805m in 2023, according to the latest accounts. This substantial dividend payment was approved by Bamford in late May, shortly after the recent general…

Chancellor Rachel Reeves has announced a significant shift in the UK’s fiscal policy framework, confirming plans to introduce a new “investment” debt rule in next week’s Budget. This change is expected to free up over £50 billion in borrowing capacity, earmarked for long-term capital investment projects, while maintaining fiscal discipline to reassure financial markets. Under…

Let’s assume…you’re a business leader who has worked hard to empower your team to fly your company flag with confidence and absolute clarity on your brand and what you represent. This means you’ve successfully created a culture where your vision, purpose and core values are deeply embedded and understood, weaving through every decision made and…

Angela Rayner’s ambitious overhaul of workers’ rights could burden UK employers with nearly £5 billion in additional costs each year, according to an impact assessment published by the government. The reforms, proposed in the Employment Rights Bill, could result in businesses raising prices, cutting back on wages, or reducing investment as they grapple with a…

Almost a third of UK businesses are urging the government to reduce post-Brexit regulations and red tape to support British trade, according to a survey conducted by Santander. The survey reveals that while there is a growing sense of optimism among small to medium-sized businesses, many are calling for action to ease the burdens imposed…

The UK’s hospitality sector is facing a potential £900 million financial blow when business rates relief expires in spring 2024, prompting urgent calls for reform. Industry leaders have warned that without action from Chancellor Rachel Reeves in the upcoming budget, business rates will quadruple when relief ends on 31 March, costing the sector an additional…

A record number of UK businesses are facing significant financial distress, underlining the precarious state of the economy as Chancellor Rachel Reeves prepares to unveil her first budget on 30 October. A report by Begbies Traynor, the insolvency specialists, revealed that 632,756 companies were at substantial risk of failure in the three months leading up…

The UK tech industry is on edge as speculation mounts over potential changes to Capital Gains Tax (CGT) in the upcoming Autumn Budget. Leading audit and advisory firm Blick Rothenberg has expressed concerns that such changes could have a detrimental impact on the fintech ecosystem, a key driver of the UK’s global tech reputation. Simon…

UK retail sales rose unexpectedly in September, defying analyst predictions of a contraction, as consumers increased spending on technology despite impending tax rises and economic uncertainties. According to the Office for National Statistics (ONS), retail transactions grew by 0.3% in September, building on a strong 1% increase in August. Analysts had forecast a 0.4% decline…

Hollywood director Alex Proyas, known for his work on the 2004 sci-fi film I, Robot, has accused Elon Musk of copying design elements from the movie for Tesla’s latest products. In a post on X (formerly Twitter), Proyas shared side-by-side images of his film’s robots and futuristic vehicles next to Musk’s Tesla Optimus robot and…

UK inflation has dropped to its lowest level since April 2021, slipping below the Bank of England’s 2% target for the first time in years. The latest data from the Office for National Statistics (ONS) shows annual inflation at 1.7% in September, down from 2.2% in August, a figure far lower than City analysts’ predictions…

New polling suggests that over half of Britons (52%) support increasing taxes on online gambling, with many prioritising a hike in gambling duties over other taxes such as income tax, VAT, and fuel duties. This comes as the Social Market Foundation (SMF) releases a report advocating for a significant increase in Remote Gaming Duty from…

Labour’s shadow chancellor, Rachel Reeves, is being urged to reform inheritance and capital gains taxes to help address the UK’s growing fiscal deficit, with proposals from think tank Demos outlining potential changes that could raise up to £2.6 billion annually. Research by Demos suggests a new banded inheritance tax system, which could bring in £16…

Growing concerns about tax increases have led nearly 30% of business owners in the UK to accelerate plans to sell their companies, according to new analysis from wealth management firm Evelyn Partners. The survey, conducted among 500 business owners with turnovers of at least £5 million, found that 29% of respondents had sped up their…