Business news

Pension savers still in the dark about tax - 2 December 2015

According to new research, more than half of pension savers are unsure of the tax rules surrounding the pension freedoms introduced earlier this year. A study conducted by employee benefits consultancy Portus found that 53 per cent of retirement savers

Businesses would struggle if interest rates rise - 2 December 2015

A new report by insolvency trade body R3 has revealed that as many as one-in-five businesses might find themselves in difficulty if interest rates were to rise by at least one percentage point in the next 18 months. The findings

UK manufacturers concerned as exports decline - 2 December 2015

The strength of the pound and a weakening global economy is having a significant impact on UK manufacturers, leading to a decline in demand for their goods overseas, according to a new report. The Confederation of British Industry’s (CBI’s) latest

The Autumn Statement 2015 - 25 November 2015

Statement Summary For the third time in 2015, the Chancellor of the Exchequer has taken to the despatch box to update the Commons and country as a whole on the state of the nation’s finances. There was a lot of

Decline in further education funding forces academy sixth form closures - 4 November 2015

The viability of sixth forms at academies and schools has been called into question after a number of recent closures linked to the government’s post-16 education funding cuts. One of the most recent closures took place at Ormiston Ilkeston Enterprise

Schools pay-out more than £700 million to agencies to fill teacher gap - 4 November 2015

A new report from the National Union of Teacher (NUT) has revealed that schools paid out more than £700 million to supply teacher agencies last year to fill the gap caused by a shortage of teachers. The union says schools

Per pupil spending ‘to fall by 8 per cent’ - 4 November 2015

The Institute for Fiscal Studies (IFS) has warned that real-term spending per pupil in schools in England is likely to fall by 8 per cent over the next five years. This decline in real-term spending per pupil is to be