Rob Chedzoy, tax partner at regional accountancy firm Milsted Langdon, believes the Chancellor Jeremy Hunt’s drive for growth has created interesting tax planning opportunities for businesses and their owners. Rob, pictured, said prior to the Budget, many businesses were concerned about the upcoming increase to Corporation Tax in April, when the rate will rise from 19% to...
West of England Metro Mayor Dan Norris said the Spring Budget contained some measures that would benefit the region but overall would do nothing to unleash the potential of its businesses. “The hit to living standards over the past two years is the largest since records began,” the Labour mayor, pictured, who heads the West...
Business West, the organisation behind Bath Chamber of Commerce, welcomed what it called the return of a Budget that addressed immediate threats while including measures aimed at future prosperity. But it said the government must commit to providing the stability and confidence needed by businesses to invest and grow the UK economy. Managing director...
Chancellor Jeremy Hunt has delivered his Spring Budget. The key points are: The economy is expected to contract by 0.2% this year but should avoid a technical recession. Growth next year is forecast to be 1.8%, followed by 2.5% in 2025; 2.1% in 2026; and 1.9% in 2027. Inflation is forecast to fall to 2.9%...
The tech and creative sectors in Bath and the West of England are rich and varied. They are also critical to the strength of the region’s economy. Both will be keeping a close eye on next Wednesday’s Spring Budget, when it is hoped Chancellor Jeremy Hunt will provide some help for their ongoing success. At the...
Businesses have come far in terms of gender equity in recent years, a panel discussion on the key topic heard, but there is still a long way to go in achieving it both in and outside of the workplace. The event, staged by Business West – the organisation that run Bristol Chamber of commerce...
A competition to find a women-owned micro business from the West of England with exceptional growth potential has been launched by a creative business as part of its incubator hub programme. The winner will receive rent-free office space for up to four people for six months at Istoria Group’s Bristol base, along with a free...
The South West ’s strength in burgeoning sectors such as cleantech, fintech and AI (artificial intelligence) helped push up venture capital investment in the region last year by 9%, outperforming the national picture. Firms in these sectors, along with manufacturers, attracted some of the largest investments out of the annual total of £455m across 124 deals,...
The West of England’s space industry could double in size over the next four years to employ around 2,000 people, with the University of Bath playing a key role. Space West, the cluster of advanced manufacturing firms, specialised tech businesses and academic and research organisations making up the industry in the region, is viewed...
Bath manufacturer Rotork has hailed a return to growth last year after a challenging period when it was beset by supply chain issues and the aftermath of the pandemic. The group, which designs and makes flow control equipment for the global oil, gas, water and chemical industries, increased annual pre-tax profits by 17.2% to...
