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Latest News:

  • Screwfix to open 80 stores in expansion as pandemic DIY boom continues
  • Greggs opens 49 new shops with sales of chicken goujons soaring
  • Made.com slashes 2022 outlook amid ‘tough trading environment’
  • Trade war fears grow as Boris Johnson issues final Brexit warning to EU
  • Scammers will hope to exploit cost of living crisis, say UK police
  • UK employers reluctant to increase pay
  • Covid and Brexit break just-in-time manufacturing supply chains
  • Ofgem to review energy price cap quarterly
  • VAT revenues rise to highest amount ever as HMRC pockets £157bn in just one year
  • NatWest chair says best way to help poorest is through benefits

Category: News

The latest news affecting small and medium sized (SME) businesses in the UK

Screwfix to open 80 stores in expansion

Screwfix to open 80 stores in expansion as pandemic DIY boom continues

16 May 2022 News Business Matters 0 Comments

Home improvement business Screwfix is to create 800 retail jobs by January as part of plans to open 80 new shops across the UK and Ireland.

Greggs has warned that inflationary pressures will make its sausage rolls more expensive and curtail profits this year, even as the bakery chain toasted record results.

Greggs opens 49 new shops with sales of chicken goujons soaring

16 May 2022 News Business Matters 0 Comments

Greggs has said it has a “good” start to 2022 after launching 49 new shops in the first 19 weeks of the year.

The online furnishings retailer Made.com has slashed its revenue guidance, as it warned that supply chain disruptions and shipping delays would defer up to £45m of its revenue into the new year.

Made.com slashes 2022 outlook amid ‘tough trading environment’

16 May 2022 News Business Matters 0 Comments

Lifestyle brand Made.com lowered its expectations for the rest of 2022, with both gross sales and revenue expected to drop 15 per cent and seven per cent respectively.

Boris Johnson

Trade war fears grow as Boris Johnson issues final Brexit warning to EU

16 May 2022 News Business Matters 0 Comments

As Boris Johnson prepares for a visit to Northern Ireland later today, the Prime Minister has warned the EU the UK will have a “necessity to act” if the Brussels is unwilling to reach a compromise in the deepening crisis over the Northern Ireland Protocol.

The cost of living could be the next frontline for scammers, the head of the UK’s specialist police unit for fraud has warned, with criminals using the crisis as a way to lure potential victims.

Scammers will hope to exploit cost of living crisis, say UK police

16 May 2022 News Business Matters 0 Comments

The cost of living could be the next frontline for scammers, the head of the UK’s specialist police unit for fraud has warned, with criminals using the crisis as a way to lure potential victims.

Most workers are in the dark over their pay or have already been told they will not have a wage rise this year, according to new research.

UK employers reluctant to increase pay

16 May 2022 News Business Matters 0 Comments

Barely a quarter of employers will offer pay rises to their workers despite difficulties in hiring talent, adding to the cost-of-living pressures facing Britons, research suggests.

A shortage of Mini parts from Ukraine has led to a halt at Oxford's car factory being extended to two weeks.

Covid and Brexit break just-in-time manufacturing supply chains

16 May 2022 News Business Matters 0 Comments

Just-in-time global manufacturing supply chains have been replaced in British factories with “just-in-case” arrangements and more local suppliers after the pandemic and Brexit caused havoc in production schedules.

Part of National Grid will be returned to public ownership under a new plan to help Britain reach its climate targets.

Ofgem to review energy price cap quarterly

16 May 2022 News Business Matters 0 Comments

The energy price cap will be updated every three months from October under Ofgem proposals to pass on changes in wholesale prices to households more quickly.

VAT revenues rise to highest amount ever as HMRC pockets £157bn in just one year

VAT revenues rise to highest amount ever as HMRC pockets £157bn in just one year

13 May 2022 Finance, News Business Matters 0 Comments

HMRC collected a record £157.2bn from VAT bills in in the last tax year, a 55 per cent jump on the £101bn collected in 2020/21, after businesses were forced to make up for VAT payments they deferred during the pandemic.

Howard Davis

NatWest chair says best way to help poorest is through benefits

13 May 2022 News Business Matters 0 Comments

The chairman of NatWest bank has argued that changes to the benefits system would be the most effective way for the government to help the poorest families struggling to cope with the cost of living crisis, instead of cutting taxes that also give the wealthy a financial boost.

Deliveroo

Deliveroo accused of ‘cynical PR move’ with union deal for couriers

13 May 2022 News Business Matters 0 Comments

Deliveroo has been accused of “seeking endorsement for exploitative practices” after signing a deal with the GMB union that does not ensure its couriers will be paid the legal minimum wage throughout their whole working day.

Jaguar Land Rover

Jaguar Land Rover posts £455 million loss as chip shortage bites

13 May 2022 News Business Matters 0 Comments

In a year in which all its rivals have reported record profits, Jaguar Land Rover has slumped to losses of £455 million largely due to a shortage of semiconductors.

The creation of an official digital currency in Britain could increase the risk of a run on the banks in an economic downturn, an influential House of Lords committee has found.

Interest rates will need to keep rising, says Bank of England

13 May 2022 News Business Matters 0 Comments

The Bank of England will have to continue to raise interest rates to control inflation despite sluggish growth, a senior Bank of England official said.

Rishi and Boris

We’ll have to look at windfall tax on energy giants, Boris Johnson says

12 May 2022 News Business Matters 0 Comments

Boris Johnson has said he will look at introducing a windfall tax on oil and gas companies but believes they are not the “right way forward”.

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

Calling a man ‘bald’ is sexual harassment tribunal rules

12 May 202212 May 2022 Legal, News Business Matters 0 Comments

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

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A right royal knees-up might be occurring at the palace, but four in ten of Britain’s workers won’t be off work on the Queen’s platinum jubilee bank holiday.

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Screwfix to open 80 stores in expansion as pandemic DIY boom continues

Greggs opens 49 new shops with sales of chicken goujons soaring

Made.com slashes 2022 outlook amid ‘tough trading environment’

Trade war fears grow as Boris Johnson issues final Brexit warning to EU

Scammers will hope to exploit cost of living crisis, say UK police

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