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Business News (November 2017)

Another Black Friday Shoppers are expected to splash out over five working days this week, as the UK continues its affair with Black Friday, the US-inspired discount day. British shoppers are expected to spend £10.1 billion in the week of Black Friday, nearly 4% higher than last year as more retailers take part in the American born promotional day. But the bargain fever seen in earlier years is thought unlikely to materialise as most activity will be online, with experts warning that the discounts are likely to be less exciting on the day, which falls on 24 November this year. Companies are finding it harder to deliver big price cuts amid strong inflation, partly resulting...

The Bulletin’s Guide to Sponsorship

This week, Cheryl Dyer-Ballard looks at sponsorship, what exactly it involves, who it benefits and how, and some of its advantages.  She looks at how you can sponsor a team or a cause, and the processes involved in making a difference to the community through sponsorship.   She also looks at some of history’s biggest sponsorship deals, and some of the ones that didn’t go so well. So, you want to get your brand noticed and do some good in the wider community? Read on… What is Sponsorship? Small businesses rely on revenue, and whilst many businesses rely on product sales and service charges as their main income source, other...

Business News (October 2017)

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Things are looking up Official records have shown that in September, the UK saw its lowest budget discrepancy for 10 years. Britain saw a deficit of £5.9 billion, a figure that is nearly down 11% compared to September 2016. The figures were announced by the Office for National Statistics. Economists had already forecast a deficit of approximately £6.5 billion, which will no doubt bolster Chancellor Philip Hammond prior to the Autumn Budget next month. August’s deficit is showing a revised amount of approximately £1 billion to £4.7 billion. The recent figures for September have shown that this is the third consecutive month where the public finance figures in the UK have been better than...

Business News (September 2017)

Licence revoked Following Transport for London’s decision not to renew Uber’s licence to operate in London, Chief Executive Dara Khosrowshahi has apologised openly in a letter for the mistakes the company has made. TfL have refused to renew Uber’s licence within London, following concerns regarding their business practices, referring to four main areas of concern including their approach to reporting criminal offences, and carrying out safety and background checks on their drivers. Uber’s licence is due to expire on 30th September; however, they are planning to continue business whilst pursuing a legal appeal that has the potential to last for a year. The Mayor of London, Sadiq Khan and Chairman of TfL welcomed...

Business News (August 2017)

Off the rails again Britain’s busiest rail station was practically at a standstill this week following a points failure and coach derailment after a collision with an engineering vehicle on the outskirts of London’s Waterloo Station. Unfortunately this event also coincided with an announcement that prices were about to rise for commuters in and out of London. Calls to the government to introduce frozen rail fares have been made following details of further increases to rail travel prices in 2018. The Campaign for Better Transport have raised concerns that commuters simply cannot keep paying more for their fares, and want to see ticket prices frozen in January 2018. The Campaign for...

Business News (July 2017)

Miner’s strike The digital currency Bitcoin has narrowly avoided splitting into two separate currencies following a network upgrade. This upgrade will improve the ability for Bitcoin to cope with an ever-growing number of transactions. Bitcoin have a group of ‘miners’ who each represent a group of computer operators. Their job is to ensure that the blockchain is kept secure. The miners have averted a split that would have created two digital ledgers, also known as blockchains (digital ledgers in which transactions made in Bitcoin or other cryptocurrencies are recorded chronologically and publicly). The miners have indicated that they support the improvements being made to Bitcoin under the new proposals named as ‘Bitcoin Improvement...

The Bulletin’s Guide to Bribery and Corruption

This week, Cheryl Dyer-Ballard examines the issue of bribery and corruption in the workplace.  What constitutes corruption or a corrupt act, or can a seemingly innocent act be twisted into something more sinister? When does a gift become a bribe, or  a simple lunch become a very awkward encounter with HR and possible dismissal? Cheryl investigates… Introduction An anti-bribery policy could be the best way to help you protect your business if there is a risk of your staff being offered, promised, given, requested, agreed, to receive or accept bribes. Under the Bribery Act 2010, this form of practice would be considered illegal. If you have someone who works for you...

Start-up Corner: Colour Blocking in the Office

Charlie Smith takes a look at how to spruce up your office with colour.  Following on from her popular article from last year, Start-up corner: Build your company identity, Charlie looks at what colour can do, how to use its potential in the work environment and make valuable changes to the way in which you work and think, and how colour can literally affect your mood and those around you.Introduction For those that don’t know me, I’m a sucker for colour and design, so colour blocking sounded like an exciting article to research and write.  So, could it be time to freshen up your work area? Research shows that the psychological...

Business News (June 2017)

The Queen’s Speech During the annual state opening of Parliament this week, the Queen announced plans for the government to pass new laws to protect your personal data and to create a commission for countering extremism on the World Wide Web. The Queen’s speech also covered eight bills relating to the Brexit and the UK’s departure from Europe and the implications it will have for key industries within the UK. It also covered Theresa May’s minority government’s intention to discard several number of initiatives including the expansion of grammar schools within the UK and a vote to restore the traditional sport of fox hunting. The manifesto for a digital charter remained,...

Business News (May 2017)

Phone switching made easy Switching mobile phone providers could soon be a matter of just sending a text message to your provider in a simple one stage process under plans drawn up by regulator Ofcom. By removing long drawn out telephone conversations with current providers, or using other methods to “un-lock” mobile phones, your provider could simply provide you with a code to switch providers – saving money and increased phone bills. According to research by Ofcom, customers have shown their support with the proposals and would welcome the change. Customers have complained about not only the speed that the change takes place, but have also highlighted hidden costs incurred whilst...