Retail footfall slips amid Omicron concerns

Retail footfall slumped in December 2021 compared to pre-pandemic times as surging Omicron cases deterred many from shopping in-store. According to the British Retail Consortium (BRC), total UK footfall dropped by 18.6% in December, compared to the same period in...

30% of small firms in late-payments struggle

Around one in three small businesses in the UK have seen late payments increase in recent months, according to a new poll. In a study of 1,271 business owners by the Federation of Small Businesses (FSB), 30% said they had been chasing overdue invoices over the last...

New post-Brexit customs rules come into force

New customs rules came into force on New Year's Day for UK businesses trading with the EU as post-Brexit changes continue to be phased in. From 1 January 2022, UK businesses will need to complete customs declarations and checks for EU products to pass over the border,...

Firms want support as customers cancel bookings

Businesses in the hospitality sector are staring down the barrel as the resurgence of COVID-19 dents consumer confidence. Estimates suggest December 2021 takings in the sector could be down by around 40% due to the rapid spread of the Omicron variant of COVID-19. Many...

Govt. committee calls for household gas tax

The climate change committee has called on the Government to place a higher tax on household gas to help the UK meet its net zero targets as part of a wider "review of the role of tax policy in delivering net zero". The Government is effectively subsidising the cost...