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Despite the Chancellor promising that the government would introduce a series of measures to provide financial relief to struggling retailers and small businesses, the UK retail industry remains in turmoil. Last October, Chancellor Hammond described high street retail businesses as being “under pressure as never before” and planned £675 million of funding for local councils…

Redundancy payouts are at their highest in five years, with taxpayers picking up the bill for a wave of insolvencies that occurred in 2018. A total of £298.17 million was paid out by The Insolvency Service in a bid to cover employees’ lost wages and other costs. The number of retail insolvencies rose by 9.5%…

HMRC has published a 12-week consultation (“Off-payroll working rules from April 2020”) regarding the extension of IR35 off-payroll working rules to the private sector. The changes are likely to be introduced into the private sector in April 2020, with the new rules being similar to those already in place in the public sector. The main…

Despite the most recent Spring Statement promising to be a brief affair (and the Chancellor did keep his word on that) there were still some key points relating to small businesses. Of course, with Britain heading closer to Brexit and the uncertainty surrounding that, this year’s Spring Statement may have been somewhat overshadowed. however, small…

Yet another airline has become the latest casualty as the travel industry continues to feel the strain. Market turbulence has troubled the sector over the last couple of years, and even many UK travel agents are at risk of going out of business. Now Flybmi, the struggling regional airline based at East Midlands airport that…