Nearly two million self-employed workers in the UK are facing a looming pensions crisis due to inadequate savings, the Institute for Fiscal Studies (IFS) has warned. The latest report reveals that only 500,000 self-employed individuals earning more than £10,000 annually are contributing to a pension, leaving 1.8 million without any pension savings. This marks a […]
Britain’s exporters are feeling increasingly ill-equipped to seize international opportunities, according to the latest annual research commissioned by the Department for Business and Trade. The survey of 3,000 businesses with revenues exceeding £500,000 found that only 18% considered themselves experts in exporting last year, down from 24% the previous year. This is the lowest level […]
Sir Rocco Forte, the luxury hotelier behind Rocco Forte Hotels, has criticised the current government’s “anti-growth” policies, warning that they are pushing Britain back to the economic challenges of the 1970s. Forte, whose business includes the Balmoral Hotel in Edinburgh and Brown’s in London, claimed that policies “based on socialism” are driving away investment and […]
Over a million low-paid workers in the UK are set to receive a wage increase of about 6% next year, as the government pledges to raise the national living wage to £12.10 an hour. The Low Pay Commission, following Labour’s directive to ensure a “genuine living wage,” has outlined plans for the increase and may […]
Small businesses are behind a significant portion of tax evasion in the UK, costing the government billions of pounds annually, according to a new report by the National Audit Office (NAO). The report revealed that small companies exploit weaknesses in government systems, contributing to 81% of the £5.5 billion lost to deliberate tax evasion in […]
There is no doubt that as technology keeps transforming, so do the methods we use to protect our personal information. Conventional methods like PINs and passwords have, over time, been used to protect access to online accounts and services. However, these methods are becoming less secure and more difficult to manage. In recent years, biometric […]
When you hear about AI technology, you might think it doesn’t affect you in any way. However, with Apple Intelligence arriving in the iOS 18 update this October, AI on your iPhone or iPad will become more advanced and impactful. But you don’t have to wait for this update to reap the benefits of AI. […]
The UK has been seeking to establish itself as a global financial centre for a long time. This is evident in the rich history the country has when it comes to leadership and innovation in traditional banking and financial services. Recently though, with the emergence of blockchain technology and cryptocurrencies, the UK government has also […]
Let’s say your business is growing fast. You are now faced with the challenge of handling large amounts of data. How do you process this data quickly and securely? Should you use the power of cloud computing, or should you bring data processing closer to where it is created with edge computing? Choosing between edge […]
Santander has tightened its hybrid working policy, instructing its UK office-based staff to work the equivalent of three days a week at its offices. In a recent update to 10,000 employees, the Spanish-owned bank announced that its current policy of allowing staff to work two days a week at one of its sites would be […]