Kwasi Kwarteng has insisted that the government’s tax-cutting agenda is not radical as he dismissed the reaction on the markets as a “little turbulence”. The chancellor addressed Tory MPs just hours after he was forced to perform an embarrassing U-turn that saw the government scrap its plans to cut the top 45p rate in income tax.Kwarteng promised there would be ...

There are over 360 million registered domains out there, but when you’re choosing a domain name for your project, there are a lot of different concerns to factor in. As well as finding a domain that suits your brand, and speaks to the purpose of your site, you’ll need to think about how it could impact your SEO performance. The good ...

As small business owners in the UK face an impending recession and challenging business landscape, competing priorities are holding back compliance with Making Tax Digital (MTD) for VAT, according to new research. It’s now just one month until HMRC’s online VAT portal closes on 1 November 2022; for non-exempted VAT-registered businesses who will no longer be able to use the  ...

Manufacturing output contracted for a third month in a row in September, hit by falling exports and wider uncertainty about whether the economy is on the brink of recession, according to a closely watched survey. The S&P Global manufacturing purchasing managers’ index rose to 48.4 from August’s 27-month low of 47.3 but remained below 50 — the level that divides ...

The supply of critical semiconductors is expected to remain tight until the end of next year, the boss of Fiat carmaker Stellantis said today. Speaking to French newspaper Le Parisien, Carlos Tavaresn said: “The situation will remain very complicated until the end of 2023, then will ease a little.“Semiconductor manufacturers have an interest in making business with us again, especially as ...

New York insuretech company Lemonade Inc today launched in the UK market with a view to disrupting Britain’s centuries-old insurance sector with its socially-conscious, AI-driven business model. The digital insurer aims to break the “cycle of distrust that plagues the insurance industry” with its pledge to cap its margins at 25 per cent by donating any extra income to charity, ...

The cost of living crisis in the UK has arrived, continually deepening by the day. In an attempt to mitigate the rising costs of basics, consumers are cutting back on expenses both big and small. The nation is now on a strict budget; some are actively trying to spend less, while others are struggling to afford even basic products.Nick Horne, ...

The price of groceries could surge by £1.7bn due to the cost of carbon dioxide rising by as much as 3000%, new analysis has shown. The UK’s food and drink sector could end up footing the mammoth extra bill for liquid CO2 if gas prices remain high, according to research by the Energy and Climate Intelligence Unit (ECIU).The gas is ...

The owners of Britain’s second-biggest steel producer are seeking an urgent package of financial support from taxpayers amid renewed fears for thousands of industrial jobs in the north of England. It is understood that Jingye Group, which bought British Steel out of insolvency in 2020, has told ministers that the company’s two blast furnaces are unlikely to be viable without ...

Companies could be stuck with unsold goods by Christmas as shoppers are buying less and retailers have overstocked, according to a report on shipping by supply chain software company Project44. It predicted that retailers’ high stock levels after poor revenue results will “prompt mark-down sales”.Supply chains were disrupted by the pandemic, leading to shortages of goods around the world. Transit ...