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A clear plan for the next five years, focused on security, safety, infrastructure, the environment, our businesses and people
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A clear plan for the next five years, focused on security,...

1st February 2024

Sponsored Article

IT GIVES me enormous pleasure to be CEO of Brackmills Business Improvement District and, as we approach the end of our third five-year term, I am proud to look back at the projects, events and initiatives that have made such a positive, transformative difference to our estate.

Our current five-year BID...

Contract talks: How to avoid  the ‘battle of the forms’
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Contract talks: How to avoid the ‘battle of the forms...

1st February 2024

Sponsored Article

 

TERMS and conditions are legal contracts that govern the use of a service or product. They establish the terms of the relationship between the parties and mitigate against potential disputes.

Terms and conditions are important to outline the rules and regulations around the use of a...

Obligations, risk, liability… Why a guarantee is a serious business
Featured

Obligations, risk, liability… Why a guarantee is a...

1st February 2024

Sponsored Article

BEFORE a landlord grants a lease to a tenant, they may require that a guarantor is provided writes Mohammed Rahman, partner at Borneo Martell Turner Coulston Solicitors in Northampton.

A guarantor may represent the security, comfort and assurance for a landlord, however it also means obligations...

Look no further if you’re starting or growing a...

1st February 2024

Sponsored article

NORTHAMPTON Science Park has been in operation since 2005 in a new purpose-built business park located on Moulton Park.

Over the last 19 years we have seen more than 200 companies reside in the park. Many have expanded and moved into larger premises, some have stopped trading and we have others that...

Coming soon… Northamptonshire’s business event of the...

12th January 2024

THE DATE: February 7. The venue: Sywell Aerodrome. The occasion: Your Business Expo Northamptonshire, hosted by Pulse Group Media - publisher of the county’s leading business publication Business Times - with full-service marketing agency qoob as the expo’s headline sponsor.

Your Business Expo aims to create opportunities for businesses...

LATEST NEWS...

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Leading economist joins accounting and advice firm...

23rd February 2024

RESPECTED international economist Professor Joe Nellis is working with accounting and advisory firm MHA as its in-house economic advisor. Mr Nellis (pictured above) who...

Retail brands back campaign for codes of conduct...

21st February 2024

URGENT and more widespread adoption of industry Codes of Conduct is the aim of a new campaign led by the UK industry body for direct-to-consumer retail.

D2C brands...

New broadband in Northampton set to boost town&#...

15th February 2024

HIGH-SPEED broadband is set to benefit the Northampton economy by up to £1 billion, says the UK’s largest independent full fibre platform CityFibre.

The...

Business

Leading economist joins accounting and advice firm...

RESPECTED international economist Professor Joe Nellis is working with accounting and advisory firm MHA as its in-house economic advisor. Mr Nellis (pictured above) who is one of the country’s best-known economists, is Professor of Global Economy at Cranfield School of Management and received a CBE in the King’s 2024 New Year’s Honours list. He has four decades of experience commenting on UK, European and global macro-economic trends. MHA partner Atul Kariya said: “Joe has been a friend of the firm for a long time. His insights and extensive knowledge on current trends, predictions and the economic landscape for both the UK and global economy have been of real benefit and value to our clients.  We are delighted to welcome Joe to the MHA team”. Professor Nellis said: “I have worked closely with MHA for many years and watched it grow from strength to strength at impressive speed.  I very much admire their ethos and enthusiasm, so I am delighted to become part of the MHA team in this way and add my voice to theirs.”

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Joe Nellis, Professor of Global Economy at Cranfield School of Management and economic advisor at accounting and advisory firm MHA, assesses the landscape ahead of the Spring Budget due to be delivered by Chancellor of the Exchequer Jeremy Hunt on March 6. 'The UK economy is flatlining and is 10% smaller than it should be. The country needs a Budget for growth not for votes. It won’t get it.' His Budget speech will see a Chancellor trying very hard to pull some rabbits out of the hat to appeal to his backbenchers and to his supporters in the media. He will want to try and convince a sceptical public that taxes are coming down and the UK economy is ‘turning a corner’. The reality is that, like any good magician, he will be selling an illusion. While we might see a small in income tax or national insurance or an increase in IHT rates that could create a short-term blip in popularity, the reality is that thanks to fiscal drag, the overall level of taxation paid by middle-income UK taxpayers will remain at its highest for more than 70 years. Most economists would agree the Chancellor’s wriggle room is limited at best unless he goes down the route of significant cuts to public spending. He is truly stuck between a rock and a hard place. Away from the Westminster bubble, the reality is that the UK economy is on life support and has been for four years. If the UK had maintained the sort of growth rate achieved between 2010 and the outbreak of Covid, we could have expected the economy to be about 10% bigger than what it is today. By now it desperately needs a shot of adrenaline to drive investment as the engine for growth or face a possible case of economic hysteresis. The longer it takes for the patient to get better, the harder it will be to really get well. Productivity improvements and growth have flat-lined. This has far-reaching implications for all of us in terms of future living standards, government tax revenue, and support for public sector budgets. So, what should this government and the future government, which will face very similar challenges, do to jump-start growth? We think the Chancellor should do the decent thing, ignore any short-term political gains, and set out a 10-year business growth plan to reverse half a decade of stagnation. Certainty and long-term are what the country needs now, not short-term political posturing. Central to this is cutting corporation tax by 5% to stimulate business growth and investment from UK and overseas businesses. It wouldn’t be as politically popular as a 2p cut in income tax, but it will have a far wider and longer-term impact on the health of the nation’s finances, necessary to fund rising public sector costs and, yes, eventually to pay for income tax cuts. Allied with this, we are recommending the re-introduction of super deductible capital allowances as the former Chancellor introduced during COVID, but this time on steroids. Again, to stimulate investment and growth at far less cost than expensive income tax cuts. The policy would pay for itself given the likely spend on capital equipment and infrastructure. While this will very much be a budget for votes, the UK economy needs a budget for solid, sustainable economic growth this March and other Budgets to come.

Retail brands back campaign for codes of conduct for direct sales operators

21st February 2024

URGENT and more widespread adoption of industry Codes of Conduct is the aim of a new campaign led by the UK industry body for direct-to-consumer retail.

D2C brands...

New broadband in Northampton set to boost town’s productivity, innovation and economy by up to £1bn, says report

15th February 2024

HIGH-SPEED broadband is set to benefit the Northampton economy by up to £1 billion, says the UK’s largest independent full fibre platform CityFibre.

The...

‘A brilliant initiative’: The Apprentice star Nick Hewer backs Franklins £50 Challenge

14th February 2024

FORMER star of the BBC series The Apprentice and Countdown presenter Nick Hewer has shown his support for the Franklins £50 Challenge in a social media video.

Lord...

Business will have its say as councils prepare to take on SEMLEP’s work

13th February 2024

FINAL preparations are being made for the transfer of the functions of the South East Midlands Local Enterprise Partnership into the hands of the sub-region’s local...

Degree course aims to answer logistics sector’s call for talent

13th February 2024

A NEW degree course at the University of Northampton aims to provide qualified workers to meet the logistics sector’s booming demand for talent. The BSc in...

Contractual security will provide a solid base for the further development of the venue, says owner BRDC, as Silverstone secures F1’s British Grand Prix until 2034

9th February 2024

THE DECISION to keep the British Grand Prix at Silverstone for a further ten years has been welcomed by West Northamptonshire Council leaders. The announcement yesterday...

Food & Drink

Weetabix: Northamptonshire Food & Drink Awards provide...

3rd November 2023

OVER 100 finalists… 500 hours of judging… winners galore in each of 19 categories at this year’s Weetabix Northamptonshire Food & Drink Awards.

The county...

‘Everyone sees the sector as an asset to their...

26th October 2023

FOOD AND DRINK producers across Northamptonshire are showing their resilience and stomach for the fight as the sector continues to battle on multiple fronts...

Legal

Contract talks: How to avoid the ‘battle of the forms...

1st February 2024

Sponsored Article

 

TERMS and conditions are legal contracts that govern the use of a service or product. They establish the terms of the...

Obligations, risk, liability… Why a guarantee is a...

1st February 2024

Sponsored Article

BEFORE a landlord grants a lease to a tenant, they may require that a guarantor is provided writes Mohammed Rahman, partner at Borneo...

Charity

‘A brilliant initiative’: The Apprentice star...

14th February 2024

FORMER star of the BBC series The Apprentice and Countdown presenter Nick Hewer has shown his support for the Franklins £50 Challenge in a social media video.

Lord...

‘Incredible results and a long-term impact’: Law...

9th January 2024

LAW FIRM Franklins Solicitors is seeking teams to take part in its annual Franklins £50 Challenge.

A total eight charities from Northamptonshire and Milton Keynes...

Awards

Be a winner… Entries open for the SME Northamptonshire...

11th January 2024

BUSINESSES across the county are being encouraged to celebrate their business achievements at the prestigious SME Northamptonshire Business Awards.

The SME awards...

‘Amazing’: Entrepreneur vows to continue her...

11th January 2024

“THIS AMAZING recognition continues to fuel my entrepreneurial journey,” says executive coach and HR consultant Rachel Collar after she was named among the UK’s...