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Companies House collects just £1,250 in fraud fines
Companies House has collected a mere £1,250 in fines despite being granted new powers to combat corruption. Following revelations of fraudulent registrations, including names like “Darth Vader,” the agency is implementing identity checks for directors, acknowledging that up to 20% of the 4.9m companies may have provided false information. Since last October, 234 penalties totalling…
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Business groups warn of ‘deeply troubling’ tariffs
British companies and business groups have expressed concern over President Donald Trump’s 10% tariff on UK goods entering the US, with Confederation of British Industry chief executive Rain Newton-Smith saying the plans are “deeply troubling for businesses.” The Federation of Small Businesses (FSB) said the tariffs were “a major blow” to SMEs, with 59% of…
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Business closures surge in Q1
Almost 3,000 companies closed in the opening quarter of 2025, marking the highest number of closures since the pandemic. A total of 2,718 companies shut down between January and March, with this the highest first quarter total since 2021, when 5,133 notices of liquidation were filed. Analysis shows that 382 notices of liquidation were published…
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Exodus of millionaires to accelerate as new non-dom rules bite
New laws introduced by Rachel Reeves could mean non-doms will be forced to pay 67% tax on their foreign businesses. The Adam Smith Institute (ASI) calculates that some non-doms will have to pay 45% in tax on the profits their foreign companies make plus an additional 39.5% tax on their dividends. “Taxing the foreign businesses…
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MPs demand transparency from AI firms
According to a recent poll commissioned by the Publishers Association, a significant majority of MPs are advocating for AI companies to disclose the copyrighted works they utilise and to compensate creators accordingly. The survey revealed that 92% of the 107 MPs polled believe AI firms should inform authors and publishers about the use of their…
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Police fail to catch criminals
According to a recent report by His Majesty’s Inspector of Constabulary, Lee Freeman, modern police officers are lacking an ‘investigative mindset’, which is crucial for effectively solving crimes. The report highlights that many officers are categorised as response officers, primarily responding to emergency calls without the responsibility to investigate crimes. This has led to a…
