A recent study has found that venture capital (VC) funding for UK start-ups has increased by 70 per cent in the past year, reaching £2.46bn in 2015, although 63 per cent of this increase has been for tech firms in London, which raised £1.56bn.
An academy – which has set out radical plans for a new programme of digital learning – has had its proposals rubber-stamped by education chiefs.
According to HM Revenue and Customs (HMRC), the two most prominent dates of the festive season – 25th and 31st December – saw a record number of people submit their tax returns early.
The UK economy is likely to have expanded by a solid but “unexciting” 0.5 per cent in the final three months of last year after growth in the country’s dominant services sector dipped slightly in December, according to the research group that compiles the purchasing managers’ index surveys of activity.
Business groups are warning that Chancellor George Osborne’s plans for businesses to complete four tax returns a year could push the cost up so much that many of the smallest firms could go to the wall.
While lending figures surged at the fastest rate recorded in ten years during the last month of 2015, the news was not quite as positive for Britain’s manufacturing sector, which recorded a decline in growth during the same period.
A new study has found that as many as a quarter of adults in the UK would like to go into business for themselves this year, building on the fact that more new ventures than ever were started in both 2014 and 2015.
According to the Chartered Institute of Personnel and Development (CIPD), wage increases across the UK are expected to stick at the 2 per cent level for the rest of this year.
While the overall rate of retail sales has gone up in Britain during the countdown to Christmas, performance was weaker than initial predictions had stated, according to the Confederation of British Industry (CBI).
A recent study by the Institute of Directors (IoD) has found that the growing skills shortage in the UK is hampering the growth of start-ups, with over 40 per cent of those polled saying they had struggled to find employees with the right skills.