Category Archives: Business Anecdotes

Managers leave their jobs in growing numbers

The number of managers who left their positions rose last year even in the face of the recession, a new report has revealed. According to research carried out by the Chartered Management Institute (CMI), 4.7 per cent of managers handed …

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Focus business policy on small firms

The government should put the needs of small firms first when drawing up business policy. That was the message of the Forum of Private Business (FPB) in its response to a government consultation, the ‘Thinking Business in Policy’ interim review, …

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Government announces framework for business tax

The government has published a draft framework intended to lay down a guide for creating business tax. The framework is aimed principally at larger businesses and was drawn up following discussions held by the government’s forum on business tax and …

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New fit note scheme could save businesses millions

The introduction this April of the ‘fit note’ scheme could save UK businesses £240 million over the next decade, the government has claimed. The scheme, which comes into effect on 6 April and replaces the old sick note system, is …

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TV series to offer advice on business operations

A new television series is aiming to increase awareness among smaller firms of the business records they need to keep. Entitled The Business Inspector, the four-part series is to be broadcast on Five from 10 March at 8pm. The series …

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New job creation could be squeezed by spare capacity

New jobs may be at a premium during the early stages of the recovery as the majority of firms are still running below capacity. That was the finding of a new report from the Institute of Chartered Accountants in England …

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Flexible working means ‘healthier’ employees

Employees who work flexible hours enjoy better physical and mental health, it has been claimed. Researchers at the Cochrane Library, which assesses published studies, have produced a report arguing that staff who have a degree of control over the way …

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Business group contests banks’ view on lending

A leading business organisation has questioned claims by the banks that business lending is in a healthy state. Following a report published by the House of Commons Public Accounts Committee criticising bank lending levels, the banking sector responded by saying …

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Reform the tax regime to help businesses grow

A significant number of firms believe that the UK’s business tax regime has hindered their efforts to recruit more staff, a new survey has claimed. The Federation of Small Businesses’ January survey found that more than half of respondents (58 …

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Businesses to get letters about online VAT filing

Businesses that meet the new rules for online VAT filing are being sent letters by HM Revenue and Customs (HMRC) informing them of the changes. Under the new rules, businesses that have an annual turnover exclusive of VAT of £100,000 …

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Raise VAT not national insurance, business group urges

The government should drop plans to raise national insurance contributions and instead should increase the rate of VAT to 18.5 per cent, the British Chambers of Commerce (BCC) has argued. The call from the BCC to switch the onus on …

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Taxpayers advised on new HMRC bank accounts

HM Revenue and Customs (HMRC) has reminded taxpayers of the need to use the tax authority’s new bank accounts. Last year, HMRC switched its banking services from the Bank of England to Citi and Royal Bank of Scotland Group. As …

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Flexible working ‘not always’ to employers’ advantage

The Institute of Directors (IoD) has said that the introduction of flexible working patterns doesn’t invariably work to the benefit of employers. In a recent IoD survey, almost one in four respondents (18 per cent) said that flexible working agreements …

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Banks still reluctant to lend

Banks that have received bail-out support from the government are still unwilling to lend money to businesses, a House of Commons committee has claimed. According to the Public Accounts Committee, government ownership of some banks has still not resulted in …

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Dip in dividends poses threat to pensions

Dividend payments by UK companies fell by £10 billion in 2009, it has been reported. As a result, many pension funds are now dependent on just a handful of major companies, five of which – BP, Shell, HSBC, Vodafone and …

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Worries over business survivals if tax payment scheme is wound up

A significant number of businesses could face severe financial trouble were the government’s time to pay scheme to be closed. The warning has come from insolvency experts. The Business Payment Support Service (BPSS) was set up by the Chancellor to …

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Pay likely to remain under pressure

Salary freezes seem set to be a feature of the coming year, new research has suggested. According to a study carried out by the Labour Research Department, an independent consultancy, wage rises are as likely to be kept on hold …

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Government training scheme ‘helped’ during the recession

The government’s Train to Gain scheme, which is designed to help employers upgrade skill levels in their workforces, has been praised for its effectiveness in a new survey. Figures released by the Skills and Learning Council showed that, of those …

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New limits on employment rights awards announced

The government has published details of the latest awards and payments that may be made in certain employment rights cases. The new limits are index-linked and came into effect on 1 February. They cover the maximum amount of compensatory awards …

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More tax rises and spending cuts needed to repair public finances

Greater efforts will be required to reduce public borrowing than those promised by measures set out in the pre-Budget Report, a leading think tank has argued. The Institute for Fiscal Studies (IFS) has said that a further £13 billion of …

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