More academy trusts are struggling to make ends meet as a record number fall into deficit, new figures have revealed.
Recent research suggests that only a small percentage of the UK’s small and medium-sized enterprises (SMEs) plan to increase investment this year, and many businesses are potentially missing out on a major Government tax break that enables them to invest up to £1 million in plant and machinery while reducing their tax bills.
According to the Office for National Statistics (ONS), this June, the UK took its borrowing figure to the highest amount since June 2015, and £3.8 billion more than at the same time in 2018, as it swelled to £7.2 billion.
Critics claim that the return of the Crown Preference policy – whereby HM Revenue & Customs (HMRC) will be given priority in insolvency cases – is a bad idea and will impact on the ability of small businesses to get credit.
Thousands of teachers and school leaders have reported a reduced workload after the launch of the Workload Reduction Toolkit, the Government has revealed.
According to recent research, the UK’s start-up and scale-up businesses raised £4.5 billion over 889 deals in the first half of 2019, which is 15 per cent more money than in any equivalent period before.
Former Treasury Minister Baroness Neville-Rolfe has described the UK’s tax system as “creaking under the weight of its complexity”, with “hundreds of complications” doubling the number of words in the tax code.
Recent research suggests that a significant number of small business owners in the UK still manually write down expenses and keep receipts in a bag to manage their finances.
Recent research has found that, since 2017, larger scale-ups have received the majority of venture capital investment, with investors placing bigger bets on fewer businesses.
The pay of top-level academy trust executives should be “fair, proportionate and justified”, the Department for Education (DfE) has said.