
Next warns of 1% price increase as budget wage bill soars by £67m
Retail giant Next has defied expectations for the crucial Christmas trading season, posting stronger-than-forecast sales but cautioning that a spike in wage costs will lead to…
Jamie Young is Senior Reporter at Business Matters, covering SME finance, employment law and Westminster policy since 2016. He has reported on every Budget and Autumn Statement since 2018, helped make sense of the 'covid era' and the bounce-back loan scheme from launch through the fraud investigations, and broke the magazine's coverage of the 2024 late-payment reforms. He joined Business Matters straight from completing his BA in Administration from Exeter University and is NCTJ-qualified. Reach him at jyoung@cbmeg.co.uk

Retail giant Next has defied expectations for the crucial Christmas trading season, posting stronger-than-forecast sales but cautioning that a spike in wage costs will lead to…

Millions of people across the UK are at risk of penalties after HM Revenue & Customs (HMRC) revealed that 5.4 million taxpayers have yet to submit…

UK small businesses warn of layoffs as a new employment rights bill expands worker protections and raises costs.

Britain’s presence at CES, the world’s largest technology trade fair, has dwindled in recent years, according to the event’s organiser.

Business confidence hits a two-year low after the chancellor’s £40bn tax hikes, yet a KPMG report predicts accelerated UK growth.

HMRC launches new disclosure service to tackle accidental R&D tax overclaims, with firms urged to come forward if they overstated relief.

Tide, the UK-based SME-focused banking platform, is preparing a share sale exceeding £50m as it expands globally. Discover details on its talks with major banks, its…

Britain’s motoring lobby warns that allowing new full hybrids after 2030 would be a “catastrophic misstep” for the UK’s net zero goals. Discover what’s at stake…

Nick Clegg steps down from his top role at Meta after offloading nearly $19m worth of shares. Discover how the former deputy prime minister’s exit fuels…

The pound hit a nine-month low below $1.24, as fears mount over a UK industrial recession. Learn about new PMI data signalling manufacturing slowdown, rising costs…

Fashion retailer New Look is preparing to accelerate store closures as a result of Labour’s tax-raising budget, while “Chicken King” Ranjit Boparan battles to pass higher…

Looming tax increases and ongoing cost pressures are sending a “winter chill” through Britain’s factories, as new data reveals the weakest manufacturing growth in 11 months.

Half of the cash balance at Pitch@Palace Global, the commercial arm of the Duke of York’s entrepreneurial platform, has been withdrawn in the space of a…

Avanti West Coast faces five months of Sunday strikes by train managers after a rejected pay offer. Discover how this RMT-led action threatens further disruption on…

Shops and restaurants face record staff tax bills in 2025 as new Budget measures raise employer National Insurance and minimum wage costs. Discover how this “tax…