Business News Articles

VAT rate rises from 17.5% to 20%
Business groups have warned that retailers will be hit by the increase, while opponents of the rise have said the poorest will suffer the greatest effect. ... more

Economic round up
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1&1 Affordable Cloud Storage
1&1 Internet Ltd.,www.1and1.co.uk, a global leader amongst web hosts, is offering additional storage space for 1&1’s Online Office so small businesses can manage important documents more effectively. If the default online storage (2 GB per account) is not sufficient, users can now order more capacity, for example, an additional 10 GB for only £2.99 per month+VAT. ... more

No christmas cheer for unemployed
The TUC analysis of official unemployment statistics reveals that more than a third of the 232 local authority areas across the UK (88 council areas) now have more than a thousand residents who have been claiming Jobseeker’s Allowance (JSA) for at least 12 months, compared to just 26 council areas in December 2007. ... more

Dine with a Dragon for charity Are you in?
Charity Auction needs you now- bid level as at Monday morning Dec 20th makes this a complete giveaway, watch this space.... more

Product placement on UK TV from Feb
Product placement will be allowed in UK TV programmes for the first time, Ofcom confirmed today. From 28 February 2011, paid-for references for products and services will be permitted in programmes. ... more

Tube strike - Boxing day update
London Underground has urged the drivers' union to drop its "disgraceful" claim for triple pay for working on Boxing Day which threatens another Tube strike in the capital. The company said Aslef's leaders had agreed to working arrangements, including higher pay and 6.8 weeks of holiday, on the understanding that this involved working some bank holidays. ... more

Slow Growth in UK in 2011
Despite many risks to the outlook, and a forecast of particularly fragile growth at the beginning of 2011, the UK recovery is expected to be maintained and the CBI still considers the risk of a double dip back into recession to be low. The pace of recovery is expected to slow to a very sluggish rate of only 0.2% quarter-on-quarter in Q1 2011, when consumer spending falls slightly in response t... more

Quarter of expense-claiming employees exaggerate
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Eurozone summit to ease financial tension?
As the European Union summit begins today all eyes are on how the summit expects to address the increased tensions in the region’s economy. ... more