According to a new report entitled the Global CEO Outlook, Chief Executives in the UK are increasingly looking to collaborate with start-ups in order to drive innovation and support their growth objectives.
Around £85 million in funding has been withdrawn after it was announced that the Strategic School Improvement Fund (SSIF) would be closed.
The output from the UK’s services sector, which makes up around 80 per cent of the economy, has decreased in size for the first time in eight years as the prospect of a ‘no deal Brexit’ looms.
The impact of technology is being felt in every sector but none more so than on food, as businesses are introducing innovative processes, from expanding the reach of farm-fresh food to finding uses for leftover supermarket supplies.
Large dental businesses fear a “catastrophe” if a tax investigation into thousands of their staff determines that dentists who claim to be self-employed are actually full-time employees.
Research by the British Chambers of Commerce (BCC) has found that the vast majority of businesses in the UK believe the cost of complying with the tax system has escalated over recent years.
The Government’s innovation agency, Innovate UK, has awarded 13 new businesses £8 million in the first stage of its pilot funding programme as part of its funding for innovation strategy.
The Government has invited more councils to apply for powers to retain the growth in their business rates under new pilots, which will see the local authorities rewarded for supporting local firms and local jobs.
The Chief Executive of the Civil Service has warned MPs that a breakdown between the UK and the EU could have some “horrendous consequences” that the UK is not ready to cope with.
Although most start-ups have innovation at their core, many of them fail to claim an important source of income, namely Research and Development (R&D) tax credits, which can amount to thousands of pounds.