‘Small business champion’ named new commissioner

Philip King has been appointed as the interim small business commissioner, the Government has confirmed. The small business commissioner's office aims to ensure fair payment practices become the norm for the UK's SMEs. Since being set up in 2017, the office has helped...

US trade will be vital for smaller exporters

Small businesses that hope to export goods or services over the next three years should prioritise trading with the US, a report has claimed. With the UK set to leave the EU on 31 January 2020, the US was identified as the best individual market to trade with,...

Fall in inflation points towards interest rate cut

The prospect of interest rates being cut at the end of the month is edging closer, following a 0.2% drop in the UK's inflation rate last month. The Office for National Statistics said the Consumer Prices Index (CPI) rate of inflation dropped from 1.5% in November 2019...

Pension tax report due imminently

A report on the tapered annual allowance is expected to be published ahead of the upcoming Budget on 11 March 2020. Prior to last month's election, the Government's election manifesto vowed to fix the tapered annual allowance. The issue is particularly prevalent in...

Retailers suffer ‘worst year on record’

Struggling retailers experienced their worst year on record for annual sales in 2019, according to the British Retail Consortium (BRC). Total sales among the UK's beleaguered retailers decreased 0.1% last year, compared with 1.2% growth in 2018. The figures take into...