The government borrowed bill less than expected last month as falling inflation and bumper tax revenues helped to improve the state of the public finances. Official figures from the Office for National Statistics (ONS) in August showed that monthly public sector borrowing came in at £11.6 billion, below the £13 billion forecast by the government’s…
Starting an online business has become more accessible than ever. Small businesses in the UK can harness the power of the internet to reach a broader audience and boost their profits. In this article, we will explore some online business ideas that can bring easy wins to small businesses in the UK. 1. The E-commerce…
The petrol car ban is expected to be delayed under plans to water down key net zero policies being drawn up by Rishi Sunak. On Tuesday night, the Prime Minister insisted he was still committed to the 2050 net zero target but said he would meet it in a “better, more proportionate way”, admitting that…
In the dynamic landscape of small businesses in the United Kingdom, a relatively new role has emerged as a catalyst for growth and sustainability – the Customer Success Manager (CSM). This article aims to provide insights into the role of a Customer Success Manager and the significant impact they can have on small businesses in…
Young black scientists will get sizeable grants towards cutting-edge research in a pilot scheme aimed at increasing their numbers in the field. Five scientists a year will get up to £690,000 spread over four years. The Royal Society, which represents the UK’s leading researchers, hopes its grants increase low numbers of black scientists, particularly in…
Sales velocity is a critical metric in today’s business landscape, serving as a barometer for how efficiently a company’s sales team is converting opportunities into revenue. In this competitive era, understanding and harnessing the power of sales velocity is paramount for sustained growth and profitability. This article delves into the intricacies of sales velocity, offering…
Establishing a strong brand identity is crucial for the success of small businesses in the UK. Your brand is not just a logo or a catchy slogan; it’s the personality and essence of your business. It’s what sets you apart from your competitors and creates a lasting impression on your customers. This article will guide…
The Confederation of British Industry (CBI) risks financial oblivion unless it can convince its remaining members to stump up £3m within the next few days, according to reports. The scandal-hit business lobby group is in a race against time to stave off collapse, even as rival organisations jockey for position to replace it as the…
TikTok has been fined 345 million euro (£296 million) by Ireland’s data watchdog following an investigation into how the social media platform processed children’s data. The fine was imposed on TikTok Technology Limited (TTL) by the Data Protection Commission (DPC) after the probe into how certain privacy settings and features complied with obligations under the EU’s General Data…
Running a small business in the UK can be challenging, especially when it comes to managing finances. Director’s loans offer a valuable financial tool that can help small business owners navigate these challenges. According to recent statistics, director’s loans have gained popularity among small businesses in the UK, with over 60% of eligible companies utilising…
Contractors and their clients alike have welcomed the news that HMRC is on the verge of scrapping the controversial ‘double taxation’ of IR35 under the off-payroll working rules – in a positive development for contractors who have had their contracts cancelled as a result of these rules. The legislative flaw sees businesses overtaxed in the…
There was varied economic news this week, as the Government’s Office for National Statistics (ONS) released July’s economic figures. The UK’s economy shrank by 0.5% and imports also fell 0.4%. However, the international delivery expert ParcelHero says one bright light among the gloomy data is that the UK’s goods exports to the European Union (EU)…
In recent years, crowdfunding has emerged as a game-changer for small businesses in the United Kingdom. This innovative method of raising capital has provided a lifeline to countless startups and entrepreneurs who once struggled to secure traditional funding. Crowdfunding in the UK is not merely a financial transaction; it represents a paradigm shift in the…
Small enterprises often find themselves navigating a sea of challenges. According to recent studies, approximately 20% of small businesses fail within their first two years, and a significant factor contributing to this is the inability to identify and seize opportunities in the market. Small business market research plays a pivotal role in this pursuit. In…
The state pension is likely to rise by 8.5% in April after data crucial to the so-called triple lock was published. The policy means the increase in the state pension is the highest of average earnings, inflation or 2.5%. Those earnings – which are total pay, including bonuses – were recorded at 8.5%, and the…
