Business News
Business news that matters to you from floors magazine and floorinsite.com.
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Public Sector Borrowing Drops
Public sector borrowing, excluding public sector banks, closed 2015 was £4.3 billion lower than in December 2014. In the current…
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Millennials Saving More Than 35-55 Year Olds
The millennial generation – those who have reached adulthood in the year 2000s (18-34 years old), have twice the amount…
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Time-Poor Workers Find Work/Life Balance Problematic
A Scottish Widows report has found that people find it difficult to maintain a healthy work/life balance in the face…
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Wage Growth Slowed In Late 2015
Wage growth has slowed down while unemployment has fallen to 5.1%, the lowest on record. According to the Office for…
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Early Pension Exit Charges To Be Capped
Chancellor George Osborne has announced an end to “prohibitive” charges faced by those accessing their pension pots. The Financial Conduct…
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New Measures To Reduce Insurance Fraud
New measures recommended by the Insurance Fraud Taskforce (IFT) are to be introduced to challenge insurance fraud and lower costs…
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Uncertainty Over Quarterly Tax Returns
The incoming legislation requiring small businesses to digitally submit their information quarterly will lead to previously compliant individuals becoming non-compliant,…
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FSCS Changes Reduce Deposit Compensation Limit
The deposit compensation limit protected by the Finance Services Compensation Scheme (FSCS) has been reduced to £75,000. The FSCS protects…
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Businesses Optimistic Heading Into 2016
Optimism among businesses rose in the final quarter of 2015 to 73%, according to research from Grant Thornton’s International Business…
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Resin Surfaces Limited’s Ivy Wroe receives receives Responsible Capitalism Award
Ivy Wroe, Managing Director of Resin Surfaces Limited (RSL) has been awarded the prestigious SME Dahrendorf Responsible Capitalism Award for her role in…
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Businesses Still Unclear On Auto-Enrolment
45% of business owners without a workplace pension scheme are still unclear about their responsibilities. According to research by the…
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Interfloor delights customers at peak season
Interfloor’s investment in manufacturing and logistics has paid off with a dramatic improvement in stock availability and deliveries throughout the…
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Trade Deficit Falls
UK’s trade deficit fell to £3.2 billion in November 2015, a narrowing of £0.3 billion from October 2015. According to…
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Fall In Pension Withdrawals
The number of people accessing their pension pots dropped in the third quarter of 2015. According to the latest figures…
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Investment In Tech Start-Ups Hits New High
The UK’s technology sector has raised more than £2.4 billion in venture capital funding, according to figures by London &…
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Record Rise In New Year Tax Return Submissions
The number of people submitting their self-assessment tax return online on new year’s eve rose to 24,546. According to HM…
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Extra Funding For Flood-Hit Businesses
A further £6 million package will be made available to the estimated 2,500 businesses affected by the December flooding in…
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Tax Restrictions On Selling Annuities To Be Lifted
More than 5 million people will be able to sell their annuity from 6 April 2017. The Treasury has outlined…
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Skill Shortages And Finance Top Concerns For Start-Ups
Obtaining finance and skills shortages are the top concerns among start-ups. According to a survey by the Institute of Directors…
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Recently Retirees’ Share Of Wealth Passes The Under 45s
Recent retirees now enjoy a larger share of property wealth than people under 45. Research by the Resolution Foundation shows…
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Finance Bill 2016 Published
The government has published its draft legislation to implement policies announced in this year’s Summer Budget and Autumn Statement. The…
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Scale-Up Businesses Contribute Billions To Economy
3,000 growing medium-sized businesses contributed £59 billion to the UK economy between 2010 and 2013. According to a report by…
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Majority Of Employers Support National Living Wage
93% of employers are in support of the new National Living Wage (NLW), believing it will boost productivity and retain…
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Recofloor, the national vinyl take back scheme, launches new website.
Recofloor’s re-designed website offers significantly-improved functionality and new features, providing all the information that flooring companies need to recycle their…
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Home Buyers Benefit From Stamp Duty Changes
The average home buyer is £4,500 better-off after the stamp duty changes that were introduced on 4 December 2014. According…
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