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.
The Academies Enterprise Trust (AET), England’s largest academy chain, has been sent a notice of financial concern by the Education Funding Agency (EFA).
Italy is urging European Union ambassadors to inject life back into stalled plans for the proposed financial transaction tax (FTT) as a December deadline looms, with the ambassadors being asked to resolve key disagreements and ask their staff to find a compromise by the end of the year.
New research shows that there has been an increase in the number of start-ups applying for private funding using the Government’s Seed Enterprise Investment Scheme (SEIS).
A report published recently by the Office of Tax Simplification (OTS) shows that the administration of corporation tax, VAT employers’ National Insurance (NI) and PAYE in the UK is competitive but that we can aspire to do better.
The thriving tech sector, which typically outstrips the rest of the UK economy in terms of job hiring and business activity, is being held back by the UK visa system, which is not allowing talented foreigners into the country fast enough.
Irish Finance Minister Michael Noonan has announced that he is abolishing the controversial “Double Irish” corporation tax structure that has allowed large multinationals like Facebook to legally divert profits from Ireland to countries that are considered tax havens.
The plummeting price of oil is pushing petrol prices down, which will have a knock-on effect on the cost of living in the UK, leading to less pressure on the Bank of England to raise interest rates.
A number of the best tech start-ups in the UK have been invited to go to the US by London Mayor Boris Johnson to take part in the Great Tech Expedition 2014 as part of his ambition to help early-stage UK tech and EdTech businesses explore opportunities abroad.
Business Secretary Vince Cable has announced at the Liberal Democrat party conference this week that, although new business rates relief has not yet been signed off by the Government, he is confident that small business owners could expect movement towards it, once a deal has been agreed with Chancellor George Osborne.