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...
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...
Bath businesses will be able to learn how to boost their online overseas sales from successful women in eCommerce at a virtual conference next week. The free ‘Women in Global eCommerce’ event on Tuesday is being hosted by the Department for International Trade (DIT) in collaboration with Business West, the organisation behind Bath Chamber...
The South West’s largest business organisation has said many of its members will be “disappointed” with the government’s roadmap for taking England out of national lockdown. Business West, which runs Bath Chamber of Commerce, said following Prime Minister Boris Johnson’s statement in the House of Commons on Monday the onus was now on ministers...
Nearly 2,000 businesses across Bath and North East Somerset forced to close as a result of the third national lockdown have received more than £12m in support grants. Bath & North East Somerset Council had processed 1,825 applications by Wednesday of last week, paying out a total of £11m in support grants and £1.4m...
An office building with one of the most sought-after addresses in Bath and a strong wellbeing offering for staff is now fully occupied following its most recent letting. Bath-based financial services software and consultancy services provider Altus has taken 2,756 sq ft (256 sq m) of open-plan office space in Queen Square House, pictured. It...
Zap-Map, the electric vehicle mapping service majority owned by renewable energy group Good Energy, has strengthened its senior leadership team by appointing an interim CEO and commercial director as it charts further rapid growth. Richard Bourne, pictured, joins the firm in the interim CEO role and work alongside its board to develop the long-term strategic plan, positioning...
Bath-based broadband provider Truespeed has started rolling out its ultrafast network in its home city for the first time after nearly seven years providing rural areas and market towns with full fibre connectivity. The firm, based on Lower Bristol Road, was launched in 2014 by three investors fed up with poor broadband in their homes...
