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Latest News:

  • UK’s trade deficit widens to record £27.9bn as business with Russia reaches historic low
  • John Lewis to end ‘never knowingly undersold’ era on 22 August
  • Biggest UK fall in real wages for 100 years looms
  • Government opens consultation on biomass carbon capture and storage
  • UK economy shrinks by 0.6 per cent as Britain heads for winter recession
  • Cryptocurrency tycoon Ben Delo in legal challenge over data watchdog
  • Arsenal FC’s cryptoasset ads deemed ‘irresponsible’ by watchdog
  • 1 in 4 shop workers skip meals each month to pay bills
  • Introduction of €7 visa-waiver forms for travellers to EU delayed
  • Reliable rent-paying ‘should count towards mortgage applications’
exporting

UK’s trade deficit widens to record £27.9bn as business with Russia reaches historic low

New data showed this morning that UK’s trade deficit in goods and services widens again in Q2 to a record £27.9bn.

The owner of John Lewis and Waitrose are launching a £1m fund that will channel cash into projects with the potential to end the high street’s “throwaway” culture.

John Lewis to end ‘never knowingly undersold’ era on 22 August

John Lewis is to retire its 97-year-old price pledge “never knowingly undersold” on 22 August but has yet to reveal a catchy new slogan to take its place.

What price happiness? The answer might be £3,360 a year, as the average UK worker would take a 10.5% pay cut to work for an employer where staff enjoy “above average” levels of happiness, a study has shown.

Biggest UK fall in real wages for 100 years looms

Pay rises could fall behind inflation by almost 8% later this year, marking the biggest fall in real wages for 100 years, according to analysis by the TUC.

BT has announced Barclaycard Payments as the latest business to join its new partnership network, aimed at helping the UK’s smallest firms to grow.

BT and Barclaycard Payments partner to offer benefits for UK micro-businesses

BT has announced Barclaycard Payments as the latest business to join its new partnership network, aimed at helping the UK’s smallest firms to grow.

If the growth in imports is any indicator of quality, then grapes (both in their liquid and natural form) from the Western Cape are among the best in the world.

Exponential growth on imports from South Africa to the United Kingdom

If the growth in imports is any indicator of quality, then grapes (both in their liquid and natural form) from the Western Cape are among the best in the world.

As Net Zero week continues, there are concerns that unsustainable business practices and inertia within industries may well lead to the downfall of our carbon neutral future.

Government opens consultation on biomass carbon capture and storage

The Government has unveiled a consultation, hoping to attract industry views on how to support the development of biomass powered carbon capture projects in the UK over the next decade.

Nadhim Zahawi, the new chancellor of the exchequer, has called for a review of the UK’s corporate tax policy in a clear hint that a rise from 19p to 25p due next year could be reduced or scrapped.

UK economy shrinks by 0.6 per cent as Britain heads for winter recession

The UK economy contracted by 0.6 in June and shrank 0.1 per cent between April and June, compared to growth of 0.8 per cent in the previous three months, the Office for National Statistics said this morning.

MPs are set to scrutinise the Treasury’s plans to make the UK the “global home of crypto” in a fresh inquiry into the wider crypto and digital assets sector, launched today.

Cryptocurrency tycoon Ben Delo in legal challenge over data watchdog

A cryptocurrency billionaire who pleaded guilty to breaking American anti-money laundering rules is to bring a landmark legal challenge to Britain’s data regulator.

Arsenal Football Club has been reprimanded by the Advertising Standards Authority (ASA) for a second time for an online post promoting a cryptoasset irresponsibly.

Arsenal FC’s cryptoasset ads deemed ‘irresponsible’ by watchdog

Arsenal Football Club has been reprimanded by the Advertising Standards Authority (ASA) for a second time for an online post promoting a cryptoasset irresponsibly.

  1. UK’s trade deficit widens to record £27.9bn as business with Russia reaches historic low
  2. John Lewis to end ‘never knowingly undersold’ era on 22 August
  3. Biggest UK fall in real wages for 100 years looms
  4. BT and Barclaycard Payments partner to offer benefits for UK micro-businesses
  5. Exponential growth on imports from South Africa to the United Kingdom
  6. Government opens consultation on biomass carbon capture and storage
  7. UK economy shrinks by 0.6 per cent as Britain heads for winter recession
  8. Cryptocurrency tycoon Ben Delo in legal challenge over data watchdog
  9. Arsenal FC’s cryptoasset ads deemed ‘irresponsible’ by watchdog

Latest News…

exporting

UK’s trade deficit widens to record £27.9bn as business with Russia reaches historic low

New data showed this morning that UK’s trade deficit in goods and services widens again in Q2 to a record £27.9bn.

The owner of John Lewis and Waitrose are launching a £1m fund that will channel cash into projects with the potential to end the high street’s “throwaway” culture.

John Lewis to end ‘never knowingly undersold’ era on 22 August

John Lewis is to retire its 97-year-old price pledge “never knowingly undersold” on 22 August but has yet to reveal a catchy new slogan to take its place.

What price happiness? The answer might be £3,360 a year, as the average UK worker would take a 10.5% pay cut to work for an employer where staff enjoy “above average” levels of happiness, a study has shown.

Biggest UK fall in real wages for 100 years looms

Pay rises could fall behind inflation by almost 8% later this year, marking the biggest fall in real wages for 100 years, according to analysis by the TUC.

As Net Zero week continues, there are concerns that unsustainable business practices and inertia within industries may well lead to the downfall of our carbon neutral future.

Government opens consultation on biomass carbon capture and storage

The Government has unveiled a consultation, hoping to attract industry views on how to support the development of biomass powered carbon capture projects in the UK over the next decade.

Nadhim Zahawi, the new chancellor of the exchequer, has called for a review of the UK’s corporate tax policy in a clear hint that a rise from 19p to 25p due next year could be reduced or scrapped.

UK economy shrinks by 0.6 per cent as Britain heads for winter recession

The UK economy contracted by 0.6 in June and shrank 0.1 per cent between April and June, compared to growth of 0.8 per cent in the previous three months, the Office for National Statistics said this morning.

MPs are set to scrutinise the Treasury’s plans to make the UK the “global home of crypto” in a fresh inquiry into the wider crypto and digital assets sector, launched today.

Cryptocurrency tycoon Ben Delo in legal challenge over data watchdog

A cryptocurrency billionaire who pleaded guilty to breaking American anti-money laundering rules is to bring a landmark legal challenge to Britain’s data regulator.

Arsenal Football Club has been reprimanded by the Advertising Standards Authority (ASA) for a second time for an online post promoting a cryptoasset irresponsibly.

Arsenal FC’s cryptoasset ads deemed ‘irresponsible’ by watchdog

Arsenal Football Club has been reprimanded by the Advertising Standards Authority (ASA) for a second time for an online post promoting a cryptoasset irresponsibly.

One in four shop workers are skipping meals each month to meet bill payments, according to research from a trade union.

1 in 4 shop workers skip meals each month to pay bills

One in four shop workers are skipping meals each month to meet bill payments, according to research from a trade union.

Airport

Introduction of €7 visa-waiver forms for travellers to EU delayed

The EU has delayed the introduction of a €7 visa-waiver form to enter its passport-free zone, meaning British travellers are unlikely to face the charge until 2024 at the earliest.

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Business

BT has announced Barclaycard Payments as the latest business to join its new partnership network, aimed at helping the UK’s smallest firms to grow.

BT and Barclaycard Payments partner to offer benefits for UK micro-businesses

BT has announced Barclaycard Payments as the latest business to join its new partnership network, aimed at helping the UK’s smallest firms to grow.

If the growth in imports is any indicator of quality, then grapes (both in their liquid and natural form) from the Western Cape are among the best in the world.

Exponential growth on imports from South Africa to the United Kingdom

If the growth in imports is any indicator of quality, then grapes (both in their liquid and natural form) from the Western Cape are among the best in the world.

Major brands, Microsoft and Airbnb, have unveiled significant commitments focused on boosting the long-term economic legacy of the Birmingham 2022 Commonwealth Games.

Microsoft and Airbnb commit to supporting a lasting legacy for West Midlands

Major brands, Microsoft and Airbnb, have unveiled significant commitments focused on boosting the long-term economic legacy of the Birmingham 2022 Commonwealth Games.

The UK government needs to properly acknowledge and address digital poverty if it wants to resolve the growing skills gap and support economic growth, according to charity group the Digital Poverty Alliance (DPA).

UK government must tackle digital poverty to close skills gap

The UK government needs to properly acknowledge and address digital poverty if it wants to resolve the growing skills gap and support economic growth, according to charity group the Digital Poverty Alliance (DPA).

Britain’s love for green fingers and blackened thumbs during the first Covid lockdown has since evaporated as people again find a “new normal” after the ending of restrictions, a survey suggests.

Commuting in, DIY out: UK’s new ‘new normal’ after end of Covid controls

Britain’s love for green fingers and blackened thumbs during the first Covid lockdown has since evaporated as people again find a “new normal” after the ending of restrictions, a survey suggests.

After two quarters of contracting gross domestic product in the UK, a debate has started about when the country will be in a recession — and whether we're already in one.

What to look for when predicting a recession

After two quarters of contracting gross domestic product in the UK, a debate has started about when the country will be in a recession — and whether we’re already in one.

business funding

SMEs bring forward finance plans in order to beat further interest rate rises

Small businesses are bringing forward their finance applications in order to beat expected further interest rate rises, according to new research.

Profiled…

Nicki Clark OBE

Getting to Know You: UMi Chief Executive, Nicki Clark OBE

We talk to Nicki Clark OBE about the inspiration behind employee-owned business UMi

Cazenove Capital

Getting To Know You: Bob Hair, Scottish lead, Cazenove Capital

Bob Hair, who leads UK-based wealth manager Cazenove Capital’s activity in Scotland tells Business Matters what defines his way of doing business. 

Marketing & Social Media

I convinced BBC Radio 4 MoneyBox to have him on to talk to their millions of listeners, got a full page in the Mail on Sunday to its 3,000,000 readers with Sait positioned as an ‘Eco Warrior’, I had him simulcast on both BBC News Channel and BBC World Business show reaching an accumulated 50,000,000 viewers discussing how the BBC could save money and cut carbon by installing more eco-friendly bulbs in their green room, full page Government-funded ‘How to guide’ style ads on how to safely return to work post Covid featuring Sait and his electric car, the list goes on – yes because the URL SaveMoneyCutCarbon was ‘of its time’ because of all the mad stampede towards Net-Zero, but largely because of the amplification of Mark Sait, the CEO’s, Bill Gates-esque ‘geek’ qualities. I upped the 'superintelligent' nerd qualities of Sait, personally carrying the ‘Nerd’ message by Messenger-pigeon with his face. Sait’s brother even works for Microsoft, I said! To build SaveMoneyCutCarbon’s online widget that automatically links online sales of their sustainable products to an ESG score for company compliance, he hired Cornwall-based tech gurus, The Geeks. That says it all! Let’s get down to the basics. If your face was frozen, cropped just above the forehead and around the face, just so the forehead, eyes, nose mouth and chin were in view – what does that, without you uttering one single word – without anyone knowing your back story – or where you’ve been to University, what private members club (in Sait's case, its the Home Grown club in London for entrepreneurs) you’re a member of – says about you? Where does your frozen face then lie on a chart of frozen emotion? My client, the former BBC Dragon James Caan CBE’s face resonates as a swathe ‘Omar Sharif’, much more so than his namesake, the late Hollywood legendary actor, James Caan. Omar is the Caan, the Dragons' inherent facial archetype. John Cleese wrote all about it in his 2001 book with Brian Bates called ‘The Human Face’. “There are 6 Billion human faces and yet we instantly recognise faces that we don’t know,” he said. “How is it that this small part of us can be such an immediate and effective way to define who we are?” And “How do we hide our true feelings when they are written on our faces without even knowing?” Cleese expertly argues that there are just 7 universally recognised facial expressions: anger, fear, happiness, sadness, disgust, surprise and contempt. But in between these are 7,000 discreet expressions. In my opinion, these 7,000 ‘frozen facial emotions’ can all be laid out on a grid in the form of Emojis from sad/angry right across to happy/ecstatic. Regardless of whether you’re sometimes angry, happy or sad, your normal ‘frozen face’ is automatically encoded with a dominant emotion – whether you’re feeling that emotion or not. Like Sir Paul McCartney, he’s the deeply sad-eyed Beatle, whether he likes it or not as his dominant facial emotion. That’s whether he’s having a good or a bad day. He’s sad-eyed. A&A is what I label the requirement at this stage. Acceptance and Amplification about your facial archetype. Acceptance is about accepting you’re born with a particular facial archetype, but also only by acknowledging it can you unlock a galaxy of media opportunties. This was the subject of my lecture a few years back to the Institute of Leadership Management. 'Its your face. You’re stuck with it. Unless you alter it with cosmetic surgey, which I don’t recommend, you have to work with it. Accept that.' So many entrepreneurs wanting to raise their profile try to position themselves as someone they’re not. They might want to be polo-necked wearing Steve Jobs as opposed to the geeky glasses wearing Bill Gates. But they can’t. Recognising what’s already there and working with it is the key to unlocking the media treasure. The second point is Amplification. Once you’ve worked out where your facial archetype sits on the Emoji chart, then you can amplify It, make it resonate. Like hitting a tuning fork. You suddenly come into focus when the divining rod finds water underground with small movements suddenly becoming big movements. Getting a handle on your inherent facial archetype is the doorway of the foyer of the mansion you just entered, opening up into the next room.

To turbo boost your persona, you need to go back to ground zero: Your face is the starting point

Becoming king of the media jungle means starting at the bottom and working your way up by winning title fight after title fight

Amazon

Amazon bows to UAE pressure to restrict LGBTQ+ search results

Newswire

tik tok

TikTok ousts Google to become favourite online destination

Business Matters
  • Customs Crunch – How this startup plans to take the friction out of brexit
  • EU stimulus package announced offers new confidence for investors
  • Struggling TSB set to close 100 branches and axe staff
  • FTSE 100 outperforms European counterparts as oil and tobacco stocks gain

Get Funded

Start-up founders have warned that Britain risks losing its position as the “tech hub of Europe” because of the poor handling of visa applications at the Home Office.

RiskSmart raises £1m to launch SME risk managment platform in UK

Manchester-based risk management platform RiskSmart has launched in the UK following a £1m investment from NPIF Maven Equity Finance alongside institutional investors.

Auddy, a London-based startup that provides producing, advertising and comms podcasting solutions for businesses, has secured £2.5m in funding.

Podcast services startup Auddy raises £2.5m

Auddy, a London-based startup that provides producing, advertising and comms podcasting solutions for businesses, has secured £2.5m in funding.

London-based events startup Pollen has entered administration after failing to find a buyer. The collapse of Pollen comes just months after it raised $150m (£124) in funding.

Events startup Pollen enters administration months after raising £124m

London-based events startup Pollen has entered administration after failing to find a buyer. The collapse of Pollen comes just months after it raised $150m (£124) in funding.

Capital Business Media

Half of UK tech firms need greater support to scale, says report

Half of the UK’s technology companies are lacking in the support necessary to scale the business, according to a new report today.

EV charging app Zap-Map powers up for international expansion with £9m raise

EV charging app Zap-Map powers up for international expansion with £9m raise

Electric vehicle charging app Zap-Map has secured £9m in Series A funding to grow its development team and fund international growth.

Philip Hammond

Lord Hammond to join £1bn Fintech Growth Fund

Former Chancellor Lord Philip Hammond has been appointed to the advisory board of the provisionally named Fintech Growth fund, a £1bn venture to invest in financial technology startups, according to reports.

Electric car subscription service Onto raises £50m

London-based Onto has raised $60m (£49.9m) in a Series C equity funding round for its electric vehicle (EV) subscription service.

Vodafone turns off 3G masts

Government offers funding of up to £25m for 5G and 6G tech

The UK government is offering investments of up to £25m to fund research and development into 5G and future 6G network equipment.

NFT's

Treasury confirms commitment to NFT despite crypto winter

The Treasury has confirmed it remains committed to creating a government-backed non-fungible token (NFT) in order to fuel an influx of crypto-based business to the UK. 

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Legal

TSB online problems

Northern Rock customers sue TSB for £800m after being trapped in high-interest mortgages

It is understood that TSB Bank is facing a legal action worth up to £800m, brought by customers who claim they were locked into mortgages with ‘excessively high’ interest rates.

In line with the current focus on sustainability, the Government introduced a new tax on plastic packaging ("PPT") from 1 April 2022.

Time to get serious about reducing, reusing and recycling

In line with the current focus on sustainability, the Government introduced a new tax on plastic packaging (“PPT”) from 1 April 2022.

UK watchdog fines facial recognition firm £7.5m over image collection

The UK’s data watchdog has fined a facial recognition company £7.5m for collecting images of people from social media platforms and the web to add to a global database.

Star Inn at Vogue

Cornish pub receives framed apology from Vogue publisher after name row

A country pub has received a framed apology from publishing giant Conde Naste after threatened with legal action unless the landlords changed its name.

Mr Finn won claims of unfair dismissal, wrongful dismissal and sex harassment

Calling a man ‘bald’ is sexual harassment tribunal rules

An electrician called a ‘bald c***’ by supervisor is set to win compensation for having ‘dignity violated’

Agreement for riders in the self-employed delivery sector provides an innovative blueprint for the future of work, says the GMB and Deliveroo

GMB and Deliveroo sign historic union deal covering 90,000 riders

Agreement for riders in the self-employed delivery sector provides an innovative blueprint for the future of work, says the GMB and Deliveroo

Tuckers Solicitors LLP

Held to ransom: protecting your business from cyber attack

In March this year, the Information Commissioner’s Office (ICO) fined Tuckers Solicitors LLP £98,000.

Match trademark

The power (and risks) of ‘invisible’ trade marks

The recent trade mark infringement case between US dating site conglomerate Match Group, owner of Tinder and OkCupid, and smaller UK dating site Muzmatch has highlighted the risks that come with using trade marked words and phrases in a company’s SEO (search engine optimisation) strategy and metadata.

Dating app Muzmatch may have to change name after trademark row

Dating app Muzmatch may have to change name after trademark row

The US dating giant behind Tinder and OkCupid has won a court battle with a British dating app for Muslims after accusing it of copying its product and services.

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Made in Britain

Made in Britain: The Small Business Handbook

Olivia Crabtree talks to us about how her comprehensive guide is supporting small businesses all around the country.

The Personal Barber

Made in Britain: Shaving subscription box, The Personal Barber

Bradley St John Jones talks to us about his company, The Personal Barber, a shaving subscription box service.

Capdesk founder

Made in Britain: Equity management firm, Capdesk

Christian Gabriel, founder of equity management company Capdesk, discusses the journey of his company and his secrets to success.

Rest Less

Made in Britain: Digital community platform, Rest Less

We sat down with Sara, CTO of digital community platform Rest Less, to learn about her experience of building a business from scratch.  

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Opinion

Becoming king of the media jungle means starting at the bottom and working your way up by winning title fight after title fight

HMRC rakes in £6.1bn from annual inheritance tax receipts, up 14% on the previous year

The first decision you have to make is whether being in the limelight is for you

Technology

Google profits

Google apologises after software update causes search engine to go down

Vodafone turns off 3G masts

Government offers funding of up to £25m for 5G and 6G tech

Gmail

Google overcharged app users, claims legal challenge

Business

5 skincare mistakes you’re probably making

You may believe you know what’s best for your skin, but chances are you’re doing things incorrectly frequently enough to seriously injure it.

Business Champion Awards

Business Champion Awards 2022 DPD

DPD named Sustainable Business of the Year in the UK’s Business Champion Awards

The company was recognized for its electrification of 1,500 vehicles in its UK fleet as well as its pledge to ‘deliver green’ to 30 large UK cities by 2023 and its Eco Fund designed to support community-based sustainable projects.

40 Bank Street
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Tel: 020 7148 3861

editorial.bm@cbmeg.co.uk

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