Newsletter September 12th, 2022
Find out how UK inflation affects you
This online tool helps you determine what's driving up your household's costs.
As a result of rising costs for necessities, inflation in the United Kingdom is increasing rapidly.
The current 12-month inflation rate, which includes the period ending in July 2022, is already in double digits, meaning that goods and services cost over 10.1% more than they did a year ago, often surpassing any salary raises employees may expect to get.
However, your inflation rate may vary from this average based on the kinds of things you regularly purchase each month. This is because the price of certain goods has increased more than the price of others.
The UK's Office of National Statistics (ONS) provides a handy personal inflation calculator so you can understand how inflation affects your budget. You may use their?calculator?to track the growing cost of living and identify the main contributors.
High-growth companies will benefit from a scale-up visa.
With the new Scale-up visa, high-growth companies can bring top talent to the UK.
The new Scale-up visa will provide the UK's top high-growth companies more flexibility and authority to attract top talent.
Businesses will be able to endorse talented people, such as scientists, engineers, architects, and computer programmers. The?Scale-up visa lets businesses hire highly skilled people who will be able to stay in the UK for two years without needing sponsorship or permission after the first six months. This will help the government make it easier for businesses to hire qualified workers from anywhere in the world through the points-based immigration system.
Scaling up is essential for high-growth businesses to continue growing and driving their international competitiveness. By bringing in sought-after expertise and skills, enterprises can boost their innovation and productivity and keep contributing to the UK's economy. Companies that have achieved growth of 20% or more in either employment or turnover year-on-year for at least three years will be eligible to sponsor talented individuals through the Scale-up visa.
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Eligible firms may hire skilled workers such as:
A Guide to Must-Have Legal Documents When Starting a New Business
New and established companies must have solid contracts and other legal documentation. Standard legal document templates are available for purchase, fulfilling most of one's legal needs. The mere existence of such papers does not ensure that no one will ever sue you for some imagined harm. Nonetheless, they ensure that all agreements are documented and mutually accepted by all parties, making legal disputes unnecessary or easily addressed.
In our?blog, we'll review some legal business document templates you need to get your new venture off the ground.
Improve Business Cost Efficiency
Getting better at doing day-to-day chores is the single most important thing you can do to improve the cost-efficiency of your company.?
There are many different ways that a small company may cut expenses and save money, such as shutting off the lights at a set hour or looking for cheaper suppliers.
However, the key to success is to cut costs without sacrificing efficiency; this should be your goal.
Here?are six one-of-a-kind hacks that can help your company become more cost-effective while maintaining high output levels.