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House prices in England and Wales in January were 15.1% lower than a year earlier, says the Land Registry. The figures from the survey, widely regarded as the most authoritative, reveal that prices dropped by 0.8% in January compared with December. This is the 17th month in a row that average prices have fallen, following […]
An appeal by eight banks, against a High Court ruling that a regulator can investigate the fairness of overdraft charges, has been thrown out. The Office Of Fair Trading Welcomes The Appeal Court Ruling The Appeal Court ruled that the Office of Fair Trading (OFT) has the power to investigate the issue of bank charges. […]
The TUC has called on the government to force High Street banks to come clean about their activities in tax havens. It wants those banks that have received taxpayer money, or assistance from the Bank of England, to fully disclose their tax payments in these tax havens. The union said its research showed that Barclays, […]
The government needs to deliver a ‘new economic deal” for UK business, according to leading investment groups. The National Endowment for Science, Technology and the Arts (NESTA) is calling on the government to commit set long-term goals to rebuild the economy beyond the ‘short-term” fiscal stimulus of the Pre-Budget Report. View the full article here
Business fraud has been described by the British Metropolitan Police as “simply the intent or the act of misrepresentation – scammers lying about themselves or their actions and services – to cause a gain or loss.” Businesses need to remain wary of fraud despite a rise in fraudster prosecutions, new figures show. National crime statistics […]
Over a quarter of UK entrepreneurs believe the economic downturn has the potential for new business opportunities, new research suggests. These new opportunities include taking clients from competitors, buying stock at lower prices or acquiring other companies, a poll by entrepreneur think tank the Tenon Forum found. London entrepreneurs are the most confident about new […]
This will be the third recession that I will have experienced as an accountant in private practice and actually the fourth which I can remember well… Economic boom & bust cycles are an undeniable fact of our self employed and corporate business life – poorly advised and positioned business will do well to learn from, […]
BT Business’ State of the Small Business Nation report has revealed that during the current downturn 57% of small businesses are experiencing rising costs and 51% have lost customers. It is no surprise therefore that half of firms reported worsening trading conditions compared with just one in ten seeing an improvement. The report also shows […]
Mr Purnell claimed the UK is facing unemployment on a scale not seen for more than a decade, and warned that the government would be powerless to intervene and save jobs. His gloomy analysis came after the first admission of a government minister that Britain is heading for recession. Tom McNulty, the new work and […]
How Many Businesses Are Already Using Green Policies? A figure of more than 33% of small businesses in the United Kingdom has yet to implement a carbon reduction initiative, even though three-quarters of businesses believe adopting environmental measures “could bring new opportunities”, a survey by the business advisory firm Deloitte found. Over a third of […]