Posted By Claire Payne
Volunteers in Somerset are helping to tackle unemployment in the area by forming hubs that enable people to learn the skills they need to get back into work. The hubs, which are held in Minehead, Watchet and Williton, will help to provide “longer-term solutions” for locals.
The hubs are particularly ideal for people out of work who do not have access to a computer or transport.Read more >>
Bristol is the top city for entrepreneurs to start a business, according to research from University College London’s School of Management. The study looked at areas such as availability, cost of office space and broadband speeds to find out which cities are ideal for entrepreneurs.
Bristol was voted the top spot for entrepreneurs, scoring high for its fast broadband speeds, which were found to be above the UK average of 26Mbps.Read more >>
Norwich has been voted the top city for work happiness, according to a survey by business psychology experts OPP. Ten cities were selected by UK workers for the poll, with Norwich being voted number one for its “strong local identity” and “strong sense of community."
Liverpool was voted second, with workers stating that it offers “friendly, collaborative, supportive people”, whilst Birmingham came in at number three for its “huge sense of optimism.”Read more >>
Employment has reached a record high in the UK, with over 30 million people in work, according to the Department for Work and Pensions (DWP).
Unemployment in the UK has dropped to 5.1%, the lowest since 2006, whilst long-term unemployment has fallen at a rate of 25%, the lowest in six years.Read more >>
A new study has shown the methods that successful entrepreneurs use compared to those who fail. Software company Zero carried out the research, surveying 2,000 entrepreneurs across the US and UK. All of the respondents were owners of small businesses with 20 employees or less.
The research provided some surprising results, showing that the habits and practices used by entrepreneurs to achieve success are not ones that people would expect.Read more >>
Rentals in London are now so high that even young professionals in the financial sector are unable to keep up with costs, despite the average wage being 30 per cent higher than in other sectors.
Business experts have warned that rising costs could affect the city’s role as a leading financial centre, as young bankers may end up being unable to afford to continue living in the city.Read more >>
A UK vote to leave the EU will cause an economic and financial shock for the UK, analysts at Credit Suisse have warned. Whilst analysts predict that the UK will vote to stay in the EU, they say that the consequences will be “drastic and long lasting” if a Brexit does occur.
Credit Suisse economists, Neville Hill and Sonali Punhani, said that a drop in business investment, hiring and confidence is expected.Read more >>
According to recruiters, the bosses of a majority of British companies expect to hire more staff this year.
Executives in the finance, accounting and marketing sectors are particularly interested in expanding their workforces in the next 12 months due to sustained economic growth.Read more >>
The Society of Motor Manufacturers and Traders (SMMT) has released figures that show the British car industry's output hit a ten-year high last year.
Although the news is good for the UK economy's recovery process, the numbers were actually lower than had been forecast, in part due to decreasing demand in Russia and China.Read more >>
Deloitte's Society Partnership initiative is on the lookout for up to 40 charity partners in its ongoing efforts to provide services to improve people's employment prospects.
The company has offered to support charities and social enterprises on a new three-year corporate social responsibility programme, and applications are open now.Read more >>
Under proposed changes to taxation laws in the UK, from 6th April 2016 certain temporary workers will no longer be able to claim relief for travel and subsistence expenses.
The current tax relief and disregard for National Insurance contributions (NIC) on travel and subsistence expenses rules allow for expenses claims incurred by these workers on their commute.Read more >>
According to a report from Deloitte, 71% of the UK's millennials intend to leave their current job within the next five years.
The age group 18 to 24 also sees two-thirds (63%) believing their leadership skills are not being fully developed in their current roles.Read more >>
A major new accounting standard called IFRS 16 Leases has been issued by the International Accounting Standards Board (IASB).
Previous accounting requirements covering the way in which companies account for leases have now been replaced. The older methods, introduced more than 30 years ago, were considered unfit for purpose.Read more >>
The Irish fiscal deficit has been reduced by €5.2 billion after tax revenues received by the Government were greater than expected, the latest Exchequer Returns show.
The country's deficit fell to approximately €3.4 billion, down from the €8.6 billion level it had been at in 2014.Read more >>
More than 10 million tax payers in the UK are required to complete and return their self-assessment tax filing by the end of the month, and almost four million have yet to do so, according to The Guardian.
This time last year, 890,000 taxpayers missed the end of January deadline and incurred a fine of £100 and faced further penalties if they continued to delay.Read more >>
Deloitte’s 2015 M&A Update has revealed that the number of inbound UK deals the Big 4 firm is involved in has gone up by 10.6% in the last twelve months.
Manchester Evening News reports that the accountancy giant has had deal values treble over the same period. The company's Transaction Services team completed 18 transactions in the past year, totalling in excess of £2bn worth of business.Read more >>
The UK economy is showing real signs of recovery if sales of new cars are considered to be a pointer.
Registrations for new vehicles hit are cord high of 2.63 million in 2015, up about six per cent on 2014, according to the Society of Motor Manufacturers and Traders (SMMT).
December 2015 looks to have been the best December on record too, with 180,000 new cars registered.Read more >>
According to a survey from the Big Four firm Deloitte, some of the UK's top finance professionals have decided that exiting the EU (Brexit) may not be a bad thing for the country.
Support for EU membership has fallen among chief financial officers (CFOs), with the EU's weak economic recovery, the continuing migrant crisis and uncertainties about the stability of the euro being the main factors.Read more >>
A third of companies in the UK are changing the way they reward higher earners due to changes in pension taxation, according to new research from PwC.
New restrictions on the amount UK taxpayers can pay into their pension tax free over a year will take effect from April 2016, significantly altering annual and lifetime allowances for higher earners.Read more >>
Work has begun on a £1million business hub in Plymouth. The project, which will transform a care home into a business and community hub, will help to create more jobs in the city.
Property services company Ian Williams will be converting the building and taking on two extra employees and two apprentices, as well as offering five work placements as part of the contract.Read more >>
Sion Barry has provided several tips for those planning to take the “entrepreneurial plunge” in 2016. Funding, investors and a good business plan were just a few of things that he highlighted in an article for Wales Online.
Barry, a business editor for Media Wales and presenter of the Business Show on Wales Online, advised entrepreneurs on how to set up their own business “in style” in 2016.Read more >>
Stirling is the best place in Scotland for starting a new business, according to a recent study. Start-up specialist Quality Formations carried out the survey, studying 69 cities in the UK. Stirling came eighth, with Manchester, London and Birmingham not far behind.
For the research, the survey looked at eight criteria, including broadband service and quality of life. Derby also scored high on the survey, followed by Belfast and Stoke.Read more >>
The UK arm of multinational coffee chain Starbucks has handed over £8.1m in corporation tax to the Treasury in 2015 after changing the complex tax structures that had seen it pay a similar sum in total over its first 14 years of operations in the UK.
The company bowed to pressure and relocated its European HQ to the UK after research in 2012 had revealed that the multinational had only paid £8.6m in tax on £3bn in sales since 1998.Read more >>
The new Scottish Rate of Income Tax (SRIT), which marks a major overhaul of the UK tax system, won't actually affect those living in the country when it is introduced next year.
Scottish resident taxpayers will still be paying the same as their counterparts in England, Wales, and Northern Ireland after Scotland’s finance minister John Swinney set the rate at 10 per cent.Read more >>
October saw annual house prices increase at a faster rate for the third month in a row, according to the latest statistics from the Office for National Statistics (ONS).
However, the news came with a warning that there could be a surge in buy-to-let purchases before April when new regulations covering landlords come into force, which may have serious knock-on effects for the wider UK economy.Read more >>