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Iboss News updates from a Northamptonshire business mentor.
Pubs in the UK are facing severe financial challenges. This follows the Chancellor’s recent Budget, which has led to increased business rates. Landlords warn that pint prices could exceed £18 due to rising costs, with some pubs already raising prices by 15-20% and cutting staff hours. The British Beer and Pub Association estimates that England could lose six pubs daily without government intervention.
SMEs are facing increased financial pressures following the Budget. Key changes include rising dividend taxes and the extension of a freeze on income tax thresholds until 2030/31, which will push more workers into higher tax bands, thereby reducing their spending power.
A Federation of Small Businesses (FSB) survey of nearly 1,500 small business owners and sole traders warns that thousands of
The Times reports that, the UK had 5.7m businesses, at the start of 2024. This was an increase of 191,000
Amid a surge in cyber-attacks targeting major businesses, the Government has advised businesses to prepare for potential cyber-attacks. This includes
The Telegraph reports that the UK property market is experiencing a significant slowdown due to Labour’s proposed tax changes. It
Research by HSBC shows that UK businesses are experiencing a surge in trade with the US. Payments from UK firms
According to the Barclays Business Prosperity Index survey British businesses invested an average of £236,000 in artificial intelligence (AI) over
It is reported that the UK fintech industry is poised for significant growth. Hiring is projected to rise by 32%
According to the BBC, analysts at Cornwall Insight predict that domestic energy prices will fall by almost 7% a year
