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Economic

Expert warns forget Christmas as that ship may have already sailed

With large container ships unable to unload at Felixstowe, thousands of Christmas gifts are sailing into the sunset, warns ParcelHero. A Dunkirk-style flotilla of smaller ships from Europe might just… The post Expert warns forget Christmas as that ship may have already sailed appeared first on London Business News | Londonlovesbusiness.com.

Small businesses wasting £880m making R&D tax credit claims

Small and medium businesses are spending an estimated £880 million a year hiring expensive specialists to claim R&D tax credits[1], according to new app Novel that automates and checks claims.… The post Small businesses wasting £880m making R&D tax credit claims appeared first on London Business News | Londonlovesbusiness.com.

Summer fun boosts the economy but growth isn’t expected to hang around

The UK economy grew by 0.4% in August, but GDP remains 0.8% below its pre-pandemic level in February 2020, according to the Office for National Statistics. The monthly gain is… The post Summer fun boosts the economy but growth isn’t expected to hang around appeared first on London Business News | Londonlovesbusiness.com.

Small firms losing £25bn a year to tax admin as the Budget nears

The Making Tax Digital initiative, which the Government states should be “making it easier for individuals and businesses to get their tax right and keep on top of their affairs”,… The post Small firms losing £25bn a year to tax admin as the Budget nears appeared first on London Business News | Londonlovesbusiness.com.

Calls for London Night Tube to be brought back for the festive period

Following many months of anticipation with regard to the future of the Night Tube we are still no further forward. Time is running out, winter is drawing in and the… The post Calls for London Night Tube to be brought back for the festive period appeared first on London Business News | Londonlovesbusiness.com.

90,000 jobs lost to Covid in cultural night time sector

A new report released today has found that the UK’s night time cultural economy sector has been ravaged by the pandemic, with around 86,000 jobs lost in the sector since… The post 90,000 jobs lost to Covid in cultural night time sector appeared first on London Business News | Londonlovesbusiness.com.

Spiralling energy bills could see a slowdown with production leading to panic buying of toilet roll

The Confederation of Paper Industries has warned that due to spiralling energy costs food packaging and sterile medical packaging are being impacted. Some manufacturers are reducing production to protect profits… The post Spiralling energy bills could see a slowdown with production leading to panic buying of toilet roll appeared first on London Business News |…

Tax and turnaround experts warn 7.5% VAT rise will hit hospitality sector including London

A 7.5% rise in VAT hitting the hospitality industry in London and the South East from 1 October will slow the recovery and even trigger permanent closures, a tax expert… The post Tax and turnaround experts warn 7.5% VAT rise will hit hospitality sector including London appeared first on London Business News | Londonlovesbusiness.com.

Johnson’s ‘vision does not match the current lived realities of small businesses and sole traders’

Boris Johnson said in his speech at the Tory Party conference today that the country is going to “head into a new direction.” Johnson told the conference that the government… The post Johnson’s ‘vision does not match the current lived realities of small businesses and sole traders’ appeared first on London Business News | Londonlovesbusiness.com.

Companies should pay higher wages as Prime Minister defends £20 universal credit cut

The Prime Minister has defended the government’s decision to cut the £20 universal credit cut and said that companies should pay higher wages. Boris Johnson argued that the taxpayer should… The post Companies should pay higher wages as Prime Minister defends £20 universal credit cut appeared first on London Business News | Londonlovesbusiness.com.

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