Decisive action is needed to tackle the ‘hidden threat’ of crime against businesses damaging growth, according to the British Chambers of Commerce (BCC). 

Theft, fraud, scams and cyber-attacks are increasingly affecting firms of all sizes and across all sectors, BCC research has found. 

The business group’s research shows that 42% of UK businesses experienced some form of crime in the past year. 

The data reveals larger firms are more vulnerable, increasing from 32% among micro-businesses to 58% among firms employing more than 250 people. The manufacturing sector is the hardest hit, with 50% of firms reporting business crime. 

The BCC report concludes that business crime is a ‘structural constraint’ and ‘measurable brake’ on UK economic performance. 

The BCC is calling for a National Business Crime Strategic Assessment to properly measure the economic harm caused by crime against businesses. 

It is also asking for a single cyber-attack reporting system for firms and the creation of Regional Business Crime Hubs. 

Ellis Shelton, Policy Manager at the BCC, said: ‘Crime against business is now a serious barrier to growth and investment across the UK. 

‘Our research shows many firms are dealing with rising levels of theft, fraud and cyber-attacks. Bosses are being forced to divert crucial time and money to tackling this anchor on growth. 

‘Crime is becoming more sophisticated and there needs to be a step change in the support businesses can count on. 

‘Reducing crime against business isn’t just about protecting balance sheets. It’s about removing structural barriers to growth.’

Internet link: BCC

The government must take the chance to fix the UK’s broken business rates system, says the British Chambers of Commerce (BCC).

The business group says anxiety about business rates rose to 41% in its Quarterly Economic Survey for the first quarter of 2026.

This is the highest level since the BCC started asking the question in 2017.

Companies cite cost pressure from business rates as a key reason for increasing prices and delaying expansion of their premises. 

While the government made some concessions on business rates for pubs and live music venues earlier this year, BCC research shows business concerns are much wider. 

Kate Shoesmith, Director of Policy and Insights at the BCC, said: 

‘Reforming business rates was a key manifesto pledge of the government, but it has only tinkered around the edges.

‘The government must deliver the more ambitious root and branch reform of the whole system that it promised. 

‘As first steps, it should mitigate the steep jumps in bills across all sectors caused by the 2026 revaluation and introduce a single flat rate multiplier.

‘This shift should then jumpstart a more rigorous consultation with business on how to fully reform what is a complex and rigid system.

‘They are ready to contribute innovative thinking on change without costing the Exchequer. There are other tax mechanisms that can meet the goal of widening the tax base to allow for a lower multiplier.’

Internet link: BCC

The UK government’s formal commitment to legislation to stamp out late payments is an historic moment, according to the Federation of Small Businesses (FSB).

The FSB says small firms have spent years battling a culture of poor payment practices by big businesses towards their smaller suppliers.

The government’s plans for more stringent rules around prompt payment will go ahead in this parliament, the King’s Speech confirmed.

These will include maximum payment terms of 60 days while late payments will also be subject to mandatory interest of 8% above Bank of England base rate.

Tina McKenzie, Policy Chair of FSB, said:

‘Late payment destroys thousands of viable small firms a year, damages growth, hits confidence, and keeps hardworking business owners up at night wondering how they will cover wages, bills, and tax payments.

‘For too long, large businesses have used small suppliers as a free overdraft. That’s why FSB has fought hard for these changes and worked in partnership with the government to make them happen.

‘Among the other measures, regulating unscrupulous third-party intermediaries, such as energy brokers and consultants, ending hidden commissions and cowboy sales tactics, is a much-needed move, and we hope the plans set out today will mean small firms finally get a fair deal and transparent energy prices.

‘Proposals to raise visitor levies in England come at a time when the tourism and hospitality sectors are on their knees. If the legislation goes ahead, it must be designed with small firms in mind and avoid being a deterrent to tourism itself.’

Internet link: FSB

Taxpayers who are required to use Making Tax Digital (MTD) for Income Tax from April 2026 should sign up now if they haven’t done so already, says the Institute of Chartered Accountants in England and Wales (ICAEW).

Taxpayers who had combined gross income from sole trades and property businesses of more than £50,000 for 2024/25 must use MTD for Income Tax from April 2026.

More taxpayers will be required to use MTD from April 2027 and April 2028. Taxpayers who are not required to use MTD income tax can volunteer to do so.

HMRC estimates that approximately 864,000 taxpayers are required to use MTD for Income Tax from April 2026. The ICAEW says that approximately only 280,000 taxpayers have signed up so far, with 30,000 taxpayers having done so voluntarily. 

The Institute said:

‘ICAEW is encouraging taxpayers who have yet to sign up to MTD income tax to do so in good time in order to submit their first quarterly update by 7 August 2026. By signing up in advance of the first filing deadline, taxpayers and agents will give themselves more time to deal with any issues that may arise.’

Internet link: ICAEW

Families travelling this summer will benefit from free bus travel for children as part of the government’s efforts to help with the cost of living.  

The government is committing more than £100 million to fund the free fares scheme and also continuing to support bus services. Every child aged five to 15 in England will travel free on participating local buses throughout August – with unlimited journeys, no registration required and at no cost to families. 

It is part of a scheme called ‘Great British Summer Savings’, which also includes cutting VAT on family activities from 25 June to 1 September 2026.

The government says this will reduce the costs of children’s meals in restaurants, children’s tickets for theatres and cinemas and tickets for everyone for attractions like soft play, adventure centres and theme parks.

In addition, products including biscuits, chocolate, dried fruit and nuts are set to see targeted cuts to agri-food tariffs, to help to reduce pressure on food prices. 

Prime Minister Keir Starmer said: 

‘We know many hard-working families are still feeling the squeeze and too often think they have to hold back.

‘By giving every child free bus travel throughout August and cutting tariffs on everyday food items, we’re putting money back into people’s pockets and making life that bit easier.

‘This government is focused on practical steps that help right now – easing pressure on household budgets, supporting parents during the school holidays and backing British businesses.’

Internet link: GOV.UK GOV.UK