George Osborne’s 2015 Autumn Statement has closed and he revealed during the Spending Review that the UK’s small businesses and self-employed individuals will possess digital tax accounts by the end of the decade, which comes as part of a £1.3bn HMRC reform for the government.
London-headquartered premier restaurant payment and loyalty app Velocity has capitalised on the momentum of its acquisitions with a new partnership alongside expense management firm Concur to promote corporate hospitality.
David Cameron has appointed six British business leaders as ambassadors to promote international trade and investment to UK companies, and women have secured four of the six positions.
With Global Entrepreneurship Week underway, a study has found that an overwhelming 94 per cent majority of social enterprise leaders believe their businesses should be recognised seriously as pathways to do good.
British restaurant payment and loyalty service Velocity has bolstered its offering with the acquisition of complementary restaurant booking app Uncover, which works with 350 eateries in London.
Edge Investments has received support from the British Business Bank to address the “funding drought” in Britain’s creative industries with a new £40m pot to invest in high-growth enterprises.
The world’s largest hotel firm, which boasts more than 5,500 venues and 1.1m rooms worldwide, has been created as Marriott has acquired Starwood Hotels & Resorts for $12.2bn.
Small businesses located across London are planning to increase the money spent on research and development, but a lack of innovation and STEM skills are holding them back, according to Lloyds Bank Commercial Banking.
The connected living market, which includes the sharing economy, smart meters and more, is set to be worth $1 trillion (£658bn) by 2020 and the UK is set to account for a five per cent share of the market, according to PwC.
Britain’s music industry contributed £4.1bn to the UK economy in 2014, helped along by the global success of stars such as Ed Sheeran and Sam Smith – the voice behind the song for new James Bond film Spectre.
