Bath accountancy firm Pearson May teams up with Bath Business News each week to bring you the top national finance stories. Here we look at some of the measures announced in this week’s Budget. Covid-19 support: Furlough and SEISS extended to September Recovery loan scheme, restart grants and business rates. Click here to find out more Other Budget...
West of England business leaders have given many of the measures in today’s Budget a warm welcome – especially the previously-trailed furlough extension – but there was also concern over the delayed Corporation Tax increase. Business West, which runs Bath Chamber of Commerce, said businesses would welcome the extension of the full range of...
The CBI said Chancellor Rishi Sunak’s decision to hike Corporation Tax to 25% in one leap – the first increase since 1974 – would “cause a sharp intake of breath” for many businesses. It also warned that the move – which is planned to come into effect in 2023 – sent a worrying signal to those...
Chancellor Rishi Sunak has delivered his Budget this afternoon. The main points are: No rise in VAT, income tax or national insurance Corporation tax to rise from 19% to 25% from 2023 but only 10% largest companies will pay, Chancellor claims ‘Super deduction’ in tax for companies that invest in innovation Eight ‘Freeports’ established to deliver ‘an unprecedented economic...
Bath-headquartered law firm Stone King has teamed up with Bath Spa University and Citizens Advice B&NES to launch a free legal clinic in the city as part of a new long-term strategic partnership. The Bath Law Clinic will enable residents to access top-quality legal advice while at the same time developing work experience opportunities...
The Bath and Bristol region has been named as one of the UK’s emerging fintech clusters with the potential to help develop further the country’s status as a global powerhouse for the fast-growth sector. The region – already the UK’s leading tech cluster outside London – features among the top 10 areas in the FinTech Strategic...
Pivoting from a managed-services to a professional-services model during the early stages of the pandemic has paid off for Actual Experience, the world-leading Bath advanced analytics firm. It said the switch, which coincided with many businesses adapting new ways, including remote and home working, reduced its cost base as well as improving operational efficiencies...
Brexit is causing the South West’s small and medium-sized manufacturers ‘significant disruption’ as they try to recover from the economic effects of Covid-19, according to the results of a new survey. The latest South West Manufacturing Barometer shows firms are being hit by more red tape, higher input prices and shortages of raw materials...
The next West of England mayor must show vision and ambition to spearhead the region’s Covid recovery and build a sustainable, long-term prosperity capable of matching London’s economic strength, according to the CBI. The business group this week launched its blueprint for the West of England’s future, which urges the winner of May 6’s...
Land and buildings in Bath suitable for small residential developments are being sought by socially focussed investment group Bristol & Bath Regional Capital (BBRC) as it aims to boost housebuilding in the city. The group, owned and supported by regional organisations including the University of Bath and Bath Spa University, has teamed up with...
