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Business Ideas UK

My name is Joel Bissitt. I have been an entrepreneur for 24 years and have run many small businesses across various sectors. For the last 10 years I have worked mainly within online media, franchising and small business start-ups.

Government runs July budget surplus for first time in 15 years

The government recorded a budget surplus last month for the first time since 2002 as more money came in from self-employed tax receipts.July saw a surplus of £0.2bn, compared with last year’s deficit of £0.3bn.For the four months so far this year, though, public sector net borrowing – which …

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Property sales confirm static market, HMRC data shows

UK property sales topped 100,000 for the third month this year in July – but were almost identical to a year ago.A total of 107,500 homes were sold during the month, data from HM Revenue and Customs (HMRC) shows.This follows 100,000-plus sales in March and June but, in general, …

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HMRC to offer compensation for childcare site issues

HM Revenue and Customs (HMRC) has begun a compensation scheme for parents unable to apply for government-funded childcare schemes due to IT glitches.Since the Childcare Service launched in April, many parents have struggled to complete applications.Parents may be eligible for a one-off payment if they were unable to log …

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Lidl tops Waitrose as shoppers hunt bargains

Lidl has overtaken Waitrose to become Britain’s seventh largest supermarket in the latest sign of belt-tightening shoppers turning to discounters. The German-owned business grew sales by 18.9% in the 12 weeks to 13 August, taking its market share to 5.2%, according to industry data from Kantar Worldpanel. That puts …

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Provident Financial shares dive on new profit warning

Shares in doorstep lender Provident Financial plunged 58% after it issued its second profit warning in months.It says it now expects to make losses of £80m to £120m as its debt collection rates have dropped to 57% compared with a previous rate of 90% in 2016.Bradford-based Provident recently changed …

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Persimmon hails resilient housing market

Housebuilder Persimmon has issued an upbeat report of its business in the half-year to July .It says that the mood across its regions “remains confident and consumer sentiment is resilient”. The company’s profits were up 30% to £457.4m, compared with £352.3m last time and it said its average selling …

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Doorstep lender shares down 60% after warning

Shares in doorstep lender Provident Financial have collapsed by 60% after it warned of a “rapid deterioration” in its consumer credit business and cancelled its dividend. Chief executive Peter Crook has stepped down with immediate effect as the group alerted investors to a downgrade of up to £180m in …

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Ford announces £2,000 scrappage scheme for pre-2010 cars

Ford is the latest car company to launch an incentive for UK consumers to trade in cars over seven years old, by offering £2,000 off some new models.Unlike schemes by BMW and Mercedes, which are only for diesels, Ford will also accept petrol cars.All of the part-exchanged vehicles will …

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