Business

Breaking stories and in-depth analysis on the latest business headlines

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Commercial Property Values Poised for Growth as Office Return Accelerates

The commercial property market may be approaching its nadir as more workers return to the office, according to Land Securities, one of the UK’s largest landlords. Mark Allan, CEO of Land Securities, which owns a portfolio worth billions, stated that the values of high-quality properties have “largely bottomed out and will start to grow in […]

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The General Election is a perfect ‘Window of Opportunity’ for Better Business Act Campaigners

The forthcoming election presents a significant opportunity to rethink the role of business in society, according to Chris Turner, campaign director of the Better Business Act. Speaking to a Barbican audience during a panel event celebrating the third Better Business Day, Turner emphasised the potential for the Better Business Act to fundamentally change how firms

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HMRC Seeks Another Bite in ‘Mega Marshmallow’ Tax Case

After losing twice in the protracted ‘mega marshmallows’ tax case, HM Revenue and Customs (HMRC) has announced its intention to file yet another appeal. Last month, the Upper Tax Tribunal upheld a lower tribunal’s ruling that ‘mega marshmallows’ sold by London-based wholesaler Innovative Bites are not considered confectionery and therefore are exempt from VAT. The

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Reddit Shares Surge Following OpenAI ChatGPT Partnership

Shares in Reddit have surged more than 10% following the announcement of a partnership deal with artificial intelligence (AI) start-up OpenAI. This agreement grants OpenAI access to Reddit’s content while introducing AI-powered features to the social media platform. The partnership underscores Reddit’s strategic move to diversify its income streams beyond traditional advertising. By leveraging AI,

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Jeremy Hunt Promises Further Tax Cuts and Criticises Labour’s Plans

Chancellor Jeremy Hunt has pledged further tax cuts for the autumn, asserting that the UK economy has “turned a corner.” In a bid to draw clear distinctions ahead of the next election, Hunt accused Labour of planning to raise taxes while positioning the Conservatives as committed tax-cutters. In a speech on Friday, Hunt acknowledged the

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More Than 6,000 UK Bank Branches Closed in Nine Years Amidst ‘Disastrous’ Impact

The number of UK bank branches that have permanently closed their doors over the past nine years will surpass 6,000 on Friday, a milestone that highlights the significant impact on local communities. The consumer group Which? has published these figures as part of its effort to bring attention to the widespread closures and their detrimental

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Inflation ‘Turns UK into Nation of Savers,’ Reports Resolution Foundation

Inflation has significantly reshaped the UK economy, steering households towards the highest savings rate in three decades and reducing spending by £50 billion, according to the Resolution Foundation. In a recent report, the economic think tank highlighted that household consumption had contracted more than the fall in real incomes during the cost of living crisis,

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German companies are to increase their investment in the UK

German businesses plan to increase investment in people and production in the UK, but more needs to be done to improve post-Brexit trading, say leading business and tax advisory firm, Blick Rothenberg. Nils Schmidt-Soltau, a Partner at the firm, said: “A recent survey by the German-British Chamber of Commerce found that most UK-based German businesses

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Understanding the Role of Security Guards in Crime Prevention

Security guarding is a timeless profession whose demand keeps increasing due to rising security threats. Security guards protect your assets, people, and properties by standing on the frontline against violence, threats, and vandalism. However, there’s more to a security guard’s role, besides their presence at your premises. A security guard’s job involves a lot of

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