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Firms founded during the pandemic could add £20 billion to economy
Aug 09, 2022
British businesses formed during the pandemic could be a significant driving force for the UK economy. Around 800,000 companies were formed during the first year of the pandemic, which was up by nearly a quarter, at 22 per cent, on the ...
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Help to Grow: Digital Scheme receives a boost
Aug 04, 2022
More than a million businesses can now benefit from Help to Grow as the eligibility criteria has been expanded to cover businesses with at least one employee. In real terms, this means up to 1.2 million businesses could benefit from this ...
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Supply chain issues to drive warehouse construction growth
Aug 02, 2022
Construction output is expected to rise by 2.5 per cent this year, according to a trade body survey. It is much-needed good news for the economy, with new warehouses and infrastructure growth the driving forces. More storage space needed for online business According ...
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New VAT Registration Service (VRS) set to launch
Jul 28, 2022
HMRC is introducing a new VAT Registration Service (VRS), it has been revealed. Launching on 1 August, the service aims to speed up the process, improve security, and automatically register businesses for Making Tax Digital (MTD). From this date onwards, the existing ...
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Changes to R&D tax credits regime introduced
Jul 26, 2022
New changes to the research and development (R&D) tax credits regime have been announced, with an estimated 90,000 companies benefiting. The changes will require people to apply for all reliefs online and pre-registration of claims irrespective of the company’s size. Launching on ...
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New tips legislation gives pay boost to millions in the hospitality sector
Jul 21, 2022
Proposed new legislation to allow hospitality workers to keep their tips has been broadly welcomed by a leading trade body. The Government has announced this month that it is backing the Employment (Allocation of Tips) Bill, which bans employers from withholding ...
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Government urged to act as labour shortage continues
Jul 19, 2022
The recruitment crisis across the country shows no sign of abating, according to a survey from a top business body. The worst-affected sector was construction, with 83 per cent of those surveyed reporting difficulties, with the logistics and hospitality areas not ...
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First cost of living payment received by millions
Jul 14, 2022
Payments to support those struggling with the cost of living are starting to be paid into eight million people's accounts from today. The first instalment of £326 is aimed at those on a variety of benefits and tax credits. For low-income households ...
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Trade agreement between UK and India close to completion
Jul 12, 2022
It has been announced by India’s commerce minister, Piyush Goyal, that India’s long-anticipated trade agreement with the UK is set to reach completion by October. In the agreement, Goyal has said that 11 of the proposed deal's 26 chapters are ...
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Government must act to improve inbound tourism, Select Committee says
Jul 07, 2022
As the UK tourism sector recovers from the pandemic, a Government minister has been told more must be done to encourage international visitors. The Digital, Culture, Media and Sport (DCMS) Select Committee meeting, which took place on 5 July, highlighted the UK’s ...
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