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Businesses have taken a hefty hit from Labour’s Budget announcement on the 30th of October. This comes in the form of a 1.2% rise in the National Insurance rate paid by employers, which is estimated to raise £25bn for the Treasury, and a rise in the National Minimum Wage. Business owners are also unlikely to be happy with the Capital

When Administrators were finally appointed over ISG’s UK operating companies on 20 September 2024, and all trading ceased immediately, it ended weeks of speculation about the fate of the UK’s sixth-largest construction business. In fact, rumours about ISG’s financial vulnerability had been circulating for some time and advisers in the industry had been warning clients to avoid using ISG for

Just as the commercial world was coming out of a pandemic, which turned global trade into total chaos, the first European war since WW2 wreaked even more havoc on the availability and price of a wide range of goods. This is all too recent and painful history for procurement departments in the UK. Now, international and domestic supply chains are

When the new Chancellor rises to her feet in Parliament on 30 October, she will be announcing what the government’s expectation management campaign has warned will be painful measures aimed at repairing the alleged £22bn black hole in the public finances. Her Budget package will emerge against the unenviable backdrop of elevated public debt, a historically high tax burden and

Does the new government necessarily herald a new economic era? There has certainly been a change of tone, even if it seems rather more difficult to detect an actual change of mood as yet.