Millions of workers are rising to the retirement challenge by saving into their workplace pensions, but millions are being let down by the current system of auto-enrolment. New figures from the Office for National Statistics show that a record proportion of workers are now participating in workplace pensions – hitting a new high of 68
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Contactless spending jumps as ‘touch and go’ overtakes Chip and PIN
by Owen Gough • • 0 Comments
Data released by Barclaycard today as part of its latest Contactless Spending Index shows supermarket shoppers are increasingly turning to ‘touch and go’ as their payment method of choice when making purchases up to the value of £30. With all major supermarkets now accepting contactless following the roll-out by Sainsbury’s late last year, groceries bought
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Five ways SMEs can prepare for the new pound coin
by Owen Gough • • 0 Comments
On 28th March, 1.5 billion new 12-sided pound coins will enter circulation. There are a number of concerns for SMEs in regards to the change, which is why it’s important that business owners prepare in advance. ICAEW has covered important points that SMEs should bear in mind to ensure the switch to the new pound
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Spring Budget must be all about Brexit, say accountants
by Owen Gough • • 0 Comments
Accountants are encouraging the Chancellor to put Brexit-proofing measures first and foremost in this Spring Budget, according to member body ACCA (the Association of Chartered Certified Accountants). ‘The recent deprecation of sterling alongside rising energy costs will be likely to contribute towards increased inflation which will eat into disposable incomes. In our view, this furthers
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What might the future hold for students five years on from their graduation?
by Owen Gough • • 0 Comments
With the relatively high costs of going to university, students are not only under immense pressure to choose the right institution but also more importantly, pursue a course which best reflects their future career desires. Despite this evident urgency, a lot of student’s are in the position of not knowing what to study. Whilst the
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200,000 apprentices are set to be recruited by SMEs in the next year
by Owen Gough • • 0 Comments
New figures reveal that SMEs predict to recruit 202,000 new apprentices in the next 12 months. The data shows that SMEs are keen to hire apprentices for both their enthusiasm as well as the business benefits that come with the ability to mould staff to suit employer needs and future proof the workforce. It also
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Young people stick with their employer – miss out on big pay rises
by Owen Gough • • 0 Comments
A slowdown in job moving, employers no longer rewarding staff for long service, and a shift towards work in low-paying sectors have meant that young people have had a slower and lower-paid start to their careers than the generation before them, according to the new research published by the Resolution Foundation. Study, work, progress, repeat? –
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Commonwealth consumers want more UK goods and services
by Owen Gough • • 0 Comments
Research suggests that the Commonwealth presents a unique opportunity to ambitious UK exporters seeking to grow their businesses internationally. Almost three quarters of respondents (72 per cent) overall feel they have more shared cultural values with the UK than with any other countries in Europe whilst 84 per cent of Indian respondents share this opinion. The research,
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£400m fund launches for northern SMEs
by Owen Gough • • 0 Comments
The British Business Bank launches its £400 million Northern Powerhouse Investment Fund (NPIF), aimed at boosting the North of England’s economy and helping the region’s businesses realise their growth potential. The British Business Bank’s recent Spotlight: The Northern Powerhouse Investment Fund publication reports that the North contributes £350 billion per year in GDP – close to
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Cross-border trade continues to rise despite Brexit uncertainty
by Owen Gough • • 0 Comments
Today, VoucherCodes.co.uk, part of RetailMeNot, reveals cross-border trade is continuing to grow despite concerns around Theresa May’s recent Brexit report. The research reveals spending from overseas retailers reached a share of 12.8 per cent in 2016, showing minimal signs of stagnating from 12.4 per cent in 2015. The research also reveals the total cost of purchases made
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