Chancellor George Osborne has announced that local councils across England will be able to keep all the proceeds from businesses rates raised in their area, a move that would see £26bn diverted from central to local government.
Figures from Companies House show that the number of new businesses springing up over the past year has grown by 28 per cent, with the increase being driven by cities such as Bristol and Birmingham rather than London.
The latest edition of the Academies Financial Handbook (AFH) has now been released and carries some important changes to be aware of.
Thousands of small and medium-sized enterprises (SMEs) in the UK are joining the campaign against recent changes to the taxation of UK dividends, which come into effect next April.
Earlier this month, UK start-up bank Mondo ran a two-day debut ‘hackathon’ centred on an early iteration of its Application Programme Interface (API). The new bank operates via a mobile app that is designed around the needs of the customer and not systems created by traditional banks.
The Office for National Statistics (ONS) blamed a surprise fall in both income and corporation tax receipts for the increase in the UK’s deficit to £12.1bn in August; the widest shortfall in government funding since 2012.
New research has found that social enterprises in the UK are outperforming mainstream businesses in a number of ways, including start-up rates, job creation and the promotion of diversity in the workforce.
Teachers’ pensions have come under the spotlight as latest figures show that 5,317 left the teachers’ pension scheme in the year up to March 2015 – up by 42 per cent on the figure from the previous year.
A start-up called Stripe, which was founded in 2011 in the US by Irish brothers Patrick and John Collison, is revolutionising online payments by streamlining the digital checkout process to allow businesses to embed a payment form that can be customised and active on its website or app almost immediately.
Education Secretary Nicky Morgan has called for more business bosses to help improve schools.