The reforms designed to clean up Britain’s £8 billion research and development tax credit scheme have worked rather too well. More than six in ten businesses carrying out R&D have cut their investment as a direct result, according to new data from the advisory firm RCK Partners, with hiring frozenContinue Reading

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UK inflation fell to its lowest level in more than a year last month, but small business owners should read the number for what it is: a snapshot of a June that has already been overtaken by events. Figures published by the Office for National Statistics on Wednesday showed inflationContinue Reading

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Rolls-Royce has put Britain’s new chancellor on the clock, and the deadline is now. The Derby-based engineering group has told Andy Burnham’s government it needs a decision “as soon as possible” on financial support for its re-entry into the short-haul aircraft engine market, or it will go “elsewhere” to manufactureContinue Reading

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