The government’s plan to increase the National Living Wage in April is now unlikely to go ahead because British firms will struggle to meet the costs in the wake of coronavirus.
While the self-employed helped Britain’s economic recovery, Charlie Mullins believes legislation is needed to ensure the paying of tax is better monitored.
John Savage looks back on a successful year for his company and feels buoyed by business growth in North East England as he begins new expansion plans.
Small business numbers are at an all-time high – there are 5.4m currently in operation in the UK and the numbers continue to rise year-on-year. But you’d be surprised how frustrated startup Britain is at the moment.
Chancellor Philip Hammond announced a plan to pump £400m of venture capital funds into the British Business Bank to support the UK’s growing companies.
Today the chancellor Philip Hammond announced the Autumn Statement and unveiled a range of tax reforms and investments. Here’s what businesses had to say about the statement.
The National Living Wage will increase from £7.20 to £7.50 from April next year, representing a pay rise of around £500 to a full-time worker.
As part of his Autumn Statement, chancellor Philip Hammond promised to double Export Finance funds, taking “total risk appetite to £5bn”.
In a digital infrastructure overhaul, chancellor Philip Hammond announced a £1bn broadband investment during the Autumn Statement 2016, which will spread fibre networks and 5G across Britain.
Tax-free employee benefits offered by salary sacrifice schemes are to be restricted, chancellor Philip Hammond has announced.
Ahead of the Autumn Statement, prime minister Theresa May has promised to deliver government investment of £2bn a year for research and development (R&D), while she also highlighted the modern Industrial Strategy and Brexit plans.
On the eve of chancellor Phillip Hammond’s first budget address to members of parliament, Real Business provides some Autumn Statement predictions.