With news of the UK slipping in the global business tax ratings by two places to 16th position, Chancellor George Osborne may feel that his Autumn Statement, to be delivered next week, could be the place to a further reduction in corporation tax.
A Government-commissioned report suggests that although the number of start-ups is at an all-time high, not enough of them are scaling into large firms, which means that the UK is missing out on 238,000 additional jobs and £38bn in extra turnover.
New research has shown that schools have saved more than £12 million in the past academic year by entering more pupils for exams on time.
The number of active firms in the UK has surged over the three million mark for the first time, rising 3.9 per cent in the first six months of the year to 3.03 million, according to new research.
Global Entrepreneurship Week 2014 (GEW), which starts today (17 November), is set to be the biggest ever series of events for the world’s leading entrepreneurs and there are thousands of activities organised in the UK in a bid to promote start-ups and general entrepreneurial activity.
The Local Government Association (LGA) has called on the Government to make business rates “fit for the 21st Century” by allowing councils to set the rates and retain any growth in income.
According to the Centre for Entrepreneurs, the UK has reached an all-time record in the number of businesses launched in 2014, with half a million start-ups having set out their stalls so far this year; reaching the total a month earlier than in 2013.
Academies and colleges will be allowed to borrow money from government capital funds for the first time, under new Department for Education (DfE) plans.
The Government has made the official announcement that business property in the UK is to be revalued on 1 April next year, with the new tax payments taking effect from 2017.
Asset finance has continued to surge in popularity, with many start-ups turning to the option to help them secure starting capital. In 2013/14, £23.9bn was borrowed through asset finance, signifying a growing interest in alternatives to traditional loans.