Chancellor Rachel Reeves has warned ministers that access to the Treasury’s emergency funding pot will be sharply curtailed in the run-up to the government’s first Budget this autumn.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Touker Suleyman joins race to rescue Claire’s UK as Modella and HMV owner circle
Dragons’ Den investor Touker Suleyman is a leading contender to buy Claire’s UK out of administration, alongside Modella Capital and HMV owner Doug Putman. Interpath is running the sale.
UK automotive sector drives £115bn trade five years after Brexit
The UK’s automotive sector remains a £115bn global trading powerhouse five years after Brexit, with EV exports to Europe soaring 424%. But looming 2027 battery tariff rules could derail growth unless urgent action is taken.
UK’s first ‘super-university’ to launch in 2026 as Kent and Greenwich merge
The Universities of Kent and Greenwich will merge in 2026 to form the UK’s first regional ‘super-university’, spanning London and the South East.
Samantha Cameron to wind down Cefinn after years of losses
Cefinn, the womenswear label founded by Samantha Cameron and worn by the Princess of Wales and Queen Camilla, is to close after years of losses amid wholesale turmoil, rising costs and post-Brexit trading pressures.
UK Farmers feel ‘abandoned’ as thousands of Countryside Stewardship contracts end
More than 5,800 Countryside Stewardship agreements are set to end in December, leaving farmers warning of environmental damage and financial uncertainty as they await new government schemes.
HMRC staff take 500,000 sick days a year as millions of taxpayer calls go unanswered
HMRC staff took more than half a million sick days last year, new figures show, as the tax office also admitted four million calls from taxpayers are going unanswered annually.
UK suffers steepest hiring slump in Europe as Reeves’s tax raid bites
Britain has recorded the sharpest fall in hiring intentions across Europe, with recruiters warning of a “tough outlook” as Rachel Reeves prepares another multi-billion-pound tax raid on employers.
UK sick days hit 15-year high as mental health drives long-term absences
British workers are taking more sick days than at any time in the past 15 years, with staff absent for nearly two weeks on average. Mental health is now the leading cause of long-term absence, CIPD research finds.
Tottenham Hotspur reject takeover approaches from Amanda Staveley and Chinese consortium
Tottenham Hotspur have confirmed they rejected preliminary takeover interest from Amanda Staveley’s PCP International Finance and a Chinese investor group, insisting majority shareholder Enic has “no intention” of selling.
Gold surges past $3,600 an ounce as investors bet on US rate cuts
The gold price has climbed to a record $3,614 an ounce as investors anticipate a Federal Reserve rate cut and weigh uncertainty over US trade policy, inflation, and the dollar’s role in global markets.
Sherbet secures record £40m investment to expand electric London black cab fleet
Sherbet, the UK’s leading electric black taxi company, has raised up to £40m in the largest-ever investment in London’s licensed taxi trade, aiming to scale its fleet from 550 to 3,000 electric cabs and expand internationally.
Barclays faces complaint over alleged anti-Semitism at Leicester branch
Barclays Bank has received a formal complaint from journalist Martin Blackham alleging anti-Semitism at its Leicester branch after his account was frozen, prompting calls for an urgent investigation.
Online shopping at work not a sackable offence, tribunal rules
A UK employment tribunal has ruled that spending under an hour at work on personal browsing is not grounds for dismissal, awarding an accountancy administrator £14,000 for unfair dismissal after spyware was used to monitor her.
Labour weighs human rights reform as Mahmood shifts right on migration to counter Reform UK
Home secretary Shabana Mahmood is considering reforms to the European Convention on Human Rights as Labour seeks to blunt Reform UK’s advance, with new asylum policies and returns deals also in play.