UK firms begin world's biggest four-day week trial - with no loss of pay A four-day week with no loss of pay is being trialled at dozens of companies across the UK from the 6th of June. Companies will still give employees 100% pay on the understanding that they will still [...]
The UK’s economic outlook for 2022 doesn’t make for happy reading. Consumer spending is slowing as the cost of living increases and businesses are also seeing expenses rise, a costly combination that looks set to worsen. The country has already experienced record-breaking inflation this year–reaching 9%, but expected to rise to [...]
Government U-turns on energy windfall tax To help fund this support, the government is introducing the Energy Profits Levy, a 25% surcharge on profits made by the UK oil and gas sector, which it is hoped will raise around £5bn over the next year. For the full story click here. This [...]
Co-working spaces have risen in popularity over the last five years. Globally, the number of co-working sites is expected to reach 40,000 by 2024, a rise of 24,000 since 2018. What we know as ‘co-working’ can take many forms. This could mean paying for individual hot desking for your employees or [...]
Sunak pledges to cut business tax in Autumn Budget Rishi Sunak vowed that business tax cuts will come in this year's Autumn Budget. The cost of running a business crisis is arguably as much of an issue as Covid-19, with the strain of many increased costs, the national insurance rise and [...]
The rising cost of living in the UK has affected everyone. In March 2022, 83% of adults reported seeing everyday costs rising, including energy prices, fuel, and food and drink. As someone living in the UK, you’re probably also looking for ways to cut costs. As a business owner, it’s likely [...]
On March 17th 2022, P&O Ferries suspended their operations after firing almost 800 members of staff, a decision that provoked outrage across the UK, both from other business leaders and MPs. Two months after the incident, though, P&O is yet to face any consequences for their decision. So, exactly how controversial [...]
Law firm says staff can work from home - for 20% less pay A London law firm has offered staff the option to work from home permanently, but the convenience comes at a price.The firm would allow staff to work remotely but pay them 20% less than their current salary. There is [...]
In March 2022, the UK’s inflation hit a record-breaking 7%, the highest for three decades. This has prompted a huge rise in the cost of living, with the consumer price index (CPI) set to reach 9% - an unprecedented high. All of this prompts the question: should companies be increasing employee [...]
The worst thing about your business not being efficient is the opportunity cost the loss of other things you could be doing with the time. If your business is inefficient, you are effectively wasting time doing things that could be done quicker, this time could be spent on a myriad of [...]
