Monthly Archives: September 2021

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Importing from India

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By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs
Colourful. Vibrant. Chaotic. Anybody who has visited India realises that our shared history makes it an attractive trading partner at a time when some importers may have qualms about importing from its bigger rival in Asia, China.
Despite the downturn last year due to the pandemic, the OECD has projected India’s economy to grow by 9.9 per cent this year to become the fastest-growing economy in the G20.
Total UK imports from India amounted to £11.6bn in the four quarters to the end of Q1 2021. India was the UK’s 15th largest trading partner in the four quarters to the end of Q1 2021, accounting for 1.6 per cent of total UK trade.
Of all UK imports from India in the four quarters to the end of Q1 2021, £6bn (52 per cent) were goods and £5.6bn(48 per cent) were services.
In 2019, around 14,500 UK VAT-registered businesses imported goods from India, accounting for around £7.9bn of imports.
The top 5 goods imported to the UK from India in the four quarters to the end of Q1 2021 were:

Clothing (£681.6m or 11.4 per cent of all UK goods imported from

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Hot Business News Today

Zero hours contract redundancy

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By Anna Jordan on Small Business – Advice and Ideas for UK Small Businesses and SMEs

Some people question what redundancy looks like for people on zero hours contract.

Whether or not they get redundancy depends on their employment status. Redundancy pay only applies to zero hour employees. Remember that zero hours employment includes the right not to be unfairly dismissed by way of redundancy as well as redundancy pay. They also have a right to a notice period.

You should give all staff statutory notice of:

One week if you’ve employed them for one month or over, but for less than two yearsTwo weeks if you’ve employed them for two years. For every year after that, you should add one extra week’s notice up to a maximum of 12 weeks

>See also: Zero hours contract rights

You can terminate a zero hour worker’s contract without notice but they can also leave without any warning. And even if you offer them work during a notice period, they don’t necessarily have to take it.

How do I calculate redundancy pay?

Redundancy pay should be similar to a regular employee in that it’ll be based on age and length of service. Under zero hour redundancy, pay must be the

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