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IOD calls on government to introduce lower corporation tax rate for net zero firms

The Institute of Directors has published a white paper ‘The Green Incentive: how to put net zero at the heart of business planning’. The policy paper sets out four specific medium-term recommendations which would incentivise businesses, and particularly smaller businesses, to play their part in decarbonising the economy.   The Government has set a national climate […]

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Secrets of Success: Ralph Rogge, CEO of Open-Banking Startup Crezco

Providing an online checkout for B2B businesses without the need for card-schemes like Visa or Mastercard. Crezco is a business-to-business open banking payments platform that makes B2B invoice payments as frictionless as card payments but without the associated costs, processing account-to-account payments up to £1 million in real-time for free. CEO Ralph Roggee, speaks to Business […]

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

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. Accountants have said that HMRC’s VAT income has risen sharply after the rate of VAT paid […]

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

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. The takeaway group has pledged to pay its 90,000 riders at least the minimum wage after costs but only […]

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

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”. Rishi Sunak, the chancellor, is threatening to implement a windfall tax amid concerns that energy companies are not investing enough in the UK. Bernard Looney, the chief executive […]

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5 Reasons every company needs a travel policy

It’s a drum I’ll continue to beat, but every company, no matter how small or big their travel spend, should have a straightforward, easy-to-follow travel policy in place. Perhaps before “you’re on mute” became part of our everyday vocab, travellers were happy to go it alone. But things have changed since the dark days of […]

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MyMynd secures £650,000 for workplace mental health intervention platform

MyMynd, the mental health platform for employees, has received £650,000 in pre-seed funding. The funding came in from investors including Triple Point Ventures and angel investors including Andrew Nadin, Southeastern Grocer’s Chief Customer and Digital Officer; Maurice Abboudi, serial hospitality entrepreneur and investor on BBC 2’s ‘My Million Pound Menu’; and Will Jones, founder of […]

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Facemasks scrapped on European flights

Compulsory wearing of facemasks on flights to and within Europe is to be scrapped. The move, under which masks will also no longer be required at airports, was welcomed as “a big step forward in the normalisation of air travel”, by the European Union Aviation Safety Agency (Easa). The policy, announced by the European […]

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Funny business names can boost small business sales by a third

A witty or funny business name can be a huge driver in helping small businesses succeed, a new study has revealed A third of people would be more likely to shop at a small or local business with a funny or witty business name compared to those without, according to a survey of over 2,000 consumers […]

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Profitability on a knife edge: 2.1million UK SMEs are ‘just about breaking even’

UK SMEs are ambitious for the opportunity to regain lost ground post-pandemic, but risk being held back by a myriad of mounting pressures including rising costs and cashflow challenges. According to Bibby Financial Services’ (BFS) annual SME Confidence Tracker survey, this difficult operating environment is causing friction and fragility amongst smaller businesses. Exploring the views […]