Business Now Mag
Business Now Mag
  • £5 million investment to help Service heroes start up their own business

    £5 million investment to help Service heroes start up their own business - The Be the Boss scheme for ex-service personnel is being expanded to include all Service-leavers. [Business Matters]

  • Single Ensuite from £55.00 per night This includes vat. FREE breakfast, FREE Parking, FREE Internet FREE toiletries

    Single Ensuite from £55.00 per night This includes vat. FREE breakfast, FREE Parking, FREE Internet FREE toiletries - Single Ensuite from £55.00 per night This includes vat breakfast and Free Parking
     
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  • Britain braces for public sector strike

    Britain braces for public sector strike - Britain is bracing for mass disruption to schools, hospitals and border controls Wednesday as up to 2 million public-sector workers walk out over proposed pension reforms. [CNN Business]

  • Samsung defeats Apple in court

    Samsung defeats Apple in court - Samsung Electronics will be allowed to sell its latest Galaxy tablet computers in Australia during the crucial Christmas shopping season after it won a rare victory against Apple and overturned a sales ban in the country. [CNN Business]

  • Marston's pubs create 1,000 jobs

    Marston's pubs create 1,000 jobs - The pubs chain and brewer Marston's says its continuing expansion means it will need another 1,000 employees next year. [BBC Business News]

  • Don't be seduced by Social Media & forget good customer service

    Don't be seduced by Social Media & forget good customer service - Small businesses seduced by the hype around social media risk alienating their customers by investing time and money in social interaction techniques they do not want, rather than focussing on getting the basics right. [Business Matters]

  • £250m pilot to give employers power over skills training

    £250m pilot to give employers power over skills training - Businesses will be given the power to design, develop and purchase the vocational training programme they need under a £250 million plan announced today by the Prime Minister. The move is designed to boost economic growth and ensure that the UK workforce has the skills that businesses require. [Business Matters]

  • Single Ensuite from £55.00 per night This includes vat breakfast and Free Parking

    Single Ensuite from £55.00 per night This includes vat breakfast and Free Parking - Single Ensuite from £55.00 per night This includes vat breakfast and Free Parking [In The Hotel]

  • Poor see biggest drop in household finances

    Poor see biggest drop in household finances - Markit Household Finance Index for November pointed to the sharpest deterioration in three months with low income groups and public sector workers reporting the worst fallsHousehold finances have plummeted at the sharpest pace since August, according to a monthly survey that underlines the worsening economic situation in the UK.The survey also revealed that the downturn in household finances was unevenly distributed and had increased the gap between the highest and lowest income groups.Low income groups and public sector workers reported the sharpest falls in income while those on higher incomes reported only a limited fall.The headline Markit Household Finance Index (HFI) stood at 34.6 in November, down from 35.0 in October, pointing to the sharpest deterioration in household finances for three months.Any figure below 50.0 indicates worsening household finances.Markit said: "The latest reading was much weaker than the survey average (37.6), signalling that household finances continued to deteriorate at a far steeper pace than the overall trends seen in 2009 and 2010," the survey said.It follows a series of gloomy indicators of economic health that will intensify pressure on the Treasury to boost growth and employment.A steep rise in inflation this year to 5% has eaten into living standards following a stagnation in wage rises to an average 2%.Worryingly, the survey found pessimism about household finances over the year ahead reached 48%, which is double that of positive responses at 24%.Tim Moore, senior economist at Markit, said families were unwilling to make major purchases or investments while the situation remained unstable.He said: "While all eyes are on whether the UK economy will double-dip, the latest survey is a timely reminder that the household recession hasn't even paused for breath."Scratching below the surface illuminates uneven strains across household income categories. Most starkly, the overall figures mask the survey's widest ever divergence between the financial situation of the top and bottom income groups."The gloomy outlook was reflected in a housing market survey that found house sellers have dropped their average asking prices by the largest margin for almost four years.A report by online estate agents Rightmove showed the number of new people putting their home on the market has also shrunk back to levels not seen since US investment bank Lehman Brothers crashed in 2008.All regions in England and Wales showed monthly price falls over the last quarter, the first time this has happened in more than three years.The estate agents said the tumbling figures prompted suggestions of opportunities for landlords to snap up a winter bargain and take advantage of the current rental boom.It said: "Homes went on the market for an average of £232,144 in November, a 3.1% fall on last month's prices, as confidence dwindled."The typical drop of £7,528 from October's prices was the biggest monthly fall in monetary terms since December 2007, although the figure was still up by 1.2% on the same time last year."Spokesman Miles Shipside said 70% of home movers feel that it is currently a bad time to sell. "Interestingly, they also hold the view that sellers' travails give buyers much improved negotiating power, with 61% stating they felt it was currently a good time to buy."The drop has been compounded by a lack of fresh sellers coming to the market, indicating the seasonal slowdown has come early, the monthly house price index found.Rightmove said the rental sector has soared as "trapped renters" have struggled to raise the cash for a deposit and lenders have encouraged landlords in the buy-to-let market.Shipside said: "Reports suggest that buy-to-let mortgage approvals are at their highest for nearly three years."With good prospects for long-term tenant demand from those that cannot buy and consequently solid rental returns, investors will be looking forward to seeing sellers suffer a longer than usual buyer slowdown this winter."

    Phillip Inmanguardian.co.uk © 2011 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds

     [Guardian Business News]

  • The big companies targeting start-ups – and what they can offer you

    The big companies targeting start-ups – and what they can offer you - Startups reviews the recent offers of support from Amazon, Google, Virgin and others [Startups]

  • UK business leaders: Steve Jobs inspired a generation of digital entrepreneurs

    UK business leaders: Steve Jobs inspired a generation of digital entrepreneurs - Entrepreneurs pay tribute to the Apple co-founder [Startups]

  • Samsung predicts lower earnings

    Samsung predicts lower earnings - Samsung Electronics said Friday it is expecting weaker third quarter sales as demand for flat screen televisions and computer chips falls. [CNN Business]

  • Factory gate prices surge by 6.3%

    Factory gate prices surge by 6.3% - Factory gate prices surged at their fastest annual rate for nearly three years last month, figures revealed today, but economists said the trend is unlikely to be sustained in future months. [Independent Business News]

  • Asian markets follow Wall Street sell-off

    Asian markets follow Wall Street sell-off - Asian stock markets are recording sharp declines Friday, extending a global equity sell-off after Wall Street had its worst day since the 2008 financial crisis. U.S. STOCKS | ALI VELSHI ON STOCK MARKET FALL | [CNN Business]

  • Phone hacking: police who took tip-off fees to be investigated by taxman

    Phone hacking: police who took tip-off fees to be investigated by taxman - HMRC crackdown means officers who accepted payments from newspapers or private investigators face prosecution and fines Police officers who allegedly took payments from newspapers and private investigators could face hefty fines and criminal prosecution after it emerged HM Revenue & Customs is reopening personal tax records to check if payments were fully disclosed.It is understood HMRC has already begun probing self-assessment forms from previous years in the wake of new information obtained amid the phone-hacking revelations.Last month Sir Paul Stephenson, the outgoing Metropolitan police commissioner, said documents provided by News International appear to include information on "inappropriate payments" to police officers. It was reported that the company provided the Met with details of payments made by the News of the World to senior officers between 2003 and 2007.Under HMRC rules any payments earned in connection with an individual's employment are required to be disclosed for tax purposes, even if the payment is deemed illegal.An HMRC spokesperson said he could not confirm the nature or extent of any investigation into a private individual's tax affairs. But he confirmed that HMRC will act on any new information and that illegal earnings can still be liable for tax.Action to recover tax from police officers paid illegal tip-off fees relies on the precedent set by the "Miss Whiplash" prostitution case of the early 1990s, which has since entered the HMRC rule book. Miss Whiplash, who also went by the name of Lindi St Clair, was pursued for £112,000 in unpaid income tax in the late 1980s. It culminated in a court case in 1990 where she argued that since it was illegal to live on immoral earnings, taxing her would be committing an offence. But she lost the case and was subsequently made bankrupt.An HMRC spokesman said: "If you receive money in connection with your employment then it is liable for income tax. Illegality is irrelevant."Over the past year HMRC has intensified investigations into alleged tax cheats and promised to increase the number of prosecutions. Since April HMRC has had powers to name and shame anyone found to have deliberately evaded £25,000 or more in tax. The scheme will see names, addresses and details of the evasion made public. But those who come clean can avoid having their details published.Earlier this year the government gave HMRC with an additional £900m to fund more investigations into tax evasion. The aim is to raise an additional £7bn in tax each year by 2014/15. HMRC has also gained new powers to inspect taxpayers' records and documents. In a typical investigation it will examine income and earnings dating back six years. If it discovers an individual has knowingly submitted an inaccurate return or document, or taken active steps to conceal earnings, it can demand repayment of the tax, plus interest and a penalty of up to 100% of the unpaid tax.The department recently announced the targeting of the restaurant industry with a new task force dedicated to detecting tax and national insurance evasion. But it added that criminal prosecutions were reserved only for the most serious cases of high level fraud.

    Patrick Collinsonguardian.co.uk © Guardian News & Media Limited 2011 | Use of this content is subject to our Terms & Conditions | More Feeds

     [Guardian Business News]

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