Business News Round Up (13/08/19)

Retail sector demand Chancellor fix business taxation

More than 50 of the UK’s major retailers, including Marks & Spencer, ASDA and Boots, have written to the chancellor to urge him to change the ‘broken business rates system’ to boost the UK high street.

https://www.insider.co.uk/news/retail-sector-demand-chancellor-fix-18922409

Scottish government ‘ready’ to nationalise Clyde shipyard

Economy Secretary Derek Mackay has announced that the Scottish government is ‘ready and willing’ to take Ferguson shipyard into public ownership following the announcement of plans to go into administration.

https://www.ft.com/content/1600a308-bcdc-11e9-b350-db00d509634e

UK employment outlook hits lowest level in more than a year

A new report from accountants and business advisors BDO has highlighted the pressure of increasing wage growth on businesses as the outlook for employment in the UK falls for the third consecutive month, following five years of sustained growth.

https://www.businessupnorth.co.uk/uk-employment-outlook-hits-lowest-level-in-more-than-a-year/

North West health tech entrepreneurs win European funding

Two North West entrepreneurs have won €50,000 from a European health tech funding competition, designed to help health tech businesses overcome short term hurdles and strengthen their business profile. Xploro, Manchester based digital therapeutics platform, and Triple Tread, Cheshire based high performance tricycle manufacturer, both won in the final round of the European Institute of Technology’s (EIT) Health Head Start Awards.

https://www.businessupnorth.co.uk/uk-employment-outlook-hits-lowest-level-in-more-than-a-year/