The sweeping fiscal changes announced by Chancellor Rachel Reeves in her Budget will hit SMEs and business owners hard as the government seeks to plug a ‘£22bn black hole’ in the public purse. In one of the most hotly anticipated Autumn Budgets in recent years, the Chancellor announced the...
A Bristol-based manufacturer and supplier of safety lifting equipment has been acquired by a specialist US group as part of its continued international expansion. Tacklestore, which was launched 20 years ago and has its head office in Avonmouth, is now part of Vertical Supply Group (VSG), a leading supplier...
Three Bristol deep tech spin-out businesses will be vying for investment of up to £2m at a high-profile event aimed at shaping the tech investment landscape. The innovative firms will line up against 17 other businesses at Investment Futures in London, which will also feature panel and roundtable discussions on...
Employers have been heavily impacted by this Budget. Employers’ National Insurance Contributions (NICs) will increase by 1.2% to 15% from April 2025. And the threshold at which it becomes payable has decreased from £9,100 to £5,000. That double whammy of tax rises is partly offset by the Employment Allowance increasing...
As widely expected, the Chancellor has increased the rate of Capital Gains Tax (CGT) from Budget Day itself, so any transactions occurring on or after today are affected. That means that any potential window that could have arisen, had the increase been delayed until April 2025, has been closed. ...
Businesses have been heavily impacted by this Budget, with several key changes being introduced, adding to their tax and operational costs. The rise in employers’ National Insurance Contributions (NICs) will impact employers significantly, particularly small businesses. Employers’ NIC increases by 1.2% to 15% from April 2025. And the threshold...
Rachel Reeves’ first Budget is the largest tax-raising Budget since 1993, with around £40bn being raised for government programmes of ‘national renewal’. Following months of speculation, we finally know the details of what this Budget has in store. While it will take some time to fully examine and understand...
Tax rises in the Budget aimed at companies could slow much-needed economic growth and undermine investment decisions, the region’s largest business organisation fears. Business West, the organisation behind Bristol Chamber of Commerce, said it recognised that the Chancellor faced a tight fiscal position and so had to make hard decisions....
Chancellor Rachel Reeves started her Budget speech by saying the country voted for change on 4 July. As a result, the Labour government could now “fix the foundations”. The way to ensure growth was to “invest, invest, invest”, she added. In total, the Budget will raise taxes by £40bn. Business...
Business owners are on tenterhooks in advance of tomorrow’s Budget, the first by new Chancellor Rachel Reeves. Despite election campaign promises that tax rises would not affect ‘working people’, subsequent claims of the discovery of a £22bn black hole by the government suggest the nation’s finances are in a...
A Bristol manufacturer producing specialist pumps for aquariums, zoos and entertainment parks has boosted its green credentials while also supporting its next phase of growth. Apex Pumps, which was founded in 1988 and has a 27-strong workforce, recently installed a 150-kW solar panel system on its Staple Hill factory...
Bristol subsea design firm DEEP, which is developing what it calls the next generation of ‘underwater human habitats’, has saved a pioneering ocean-going research vessel from being scrapped in a last-minute rescue mission. Bosses at the firm learned about the plight of the R/P FLIP (Floating Instrument Platform), pictured,...
A firm based near Bristol that has supplied weather sensors to airports, stadiums and offshore platforms for more than 25 years has been acquired by an international innovator in measurement technology. Biral, whose sensors measure everything from precipitation to visibility as well as detecting lightning, has become part of...
