The British Retail Consortium (BRC) maintains that more than 80,000 shops across the UK could close within two years without a major overhaul of business rates, as thousands of retail premises may not be able to afford to renew their leases in 2017.
StartUp Britain is launching its 2015 nationwide tour bus later this month from Canary Wharf, with plans to visit 25 locations across the country and engage with 15,000 established and aspiring entrepreneurs. The tour also aims to boost the number of businesses started this year to a record 600,000.
The high wages of academy bosses have been defended after it was revealed the salary of the highest paid academy chain leader has soared to £370,000.
The UK and Europe have been at odds on business taxes over the past few weeks, with the European Court of Justice (ECJ) ruling recently that ‘green’ tax breaks are illegal and the UK discovering that they pay the highest air taxes of any bloc member to fly to mainland Europe.
The Digital Masters awards held in London earlier this month saw a number of UK-headquartered businesses pick up a great deal of awards, with prizes going to people working in everything from finance and development to business intelligence.
Up to 1,000 failing schools will be turned into academies under a new education bill published in Parliament.
A number of business groups and trade associations have responded to a discussion paper on the business rates review published by HM Treasury in March and have asked interested parties in their sectors to respond to the consultation.
According to the Confederation of British Industry (CBI) the speed at which the UK economy is growing is increasing, with business activity across all sectors showing a marked increase in the three months to May.
It has been suggested this week that France and Germany are planning to push forward plans for a minimum corporation tax rate across Europe, which some fear would result in higher taxes on British firms.
More schools in England are to be taken out of local council control and given new leadership as academies, under powers to be outlined in the Queen’s Speech.