Business News

Renting out property on Airbnb or selling second-hand goods on sites like eBay and Gumtree could land people in hot water with the taxman, unless they check whether they need to register for Self Assessment - according to one of the UK’s leading online accounting software providers. FreeAgent - who provide innovative cloud accounting software to freelancers and micro-businesses - warns that many people across the UK could be risking being fined by HMRC due to not realising they should be paying income tax on money they earn “on the side”.  

Knowing where to go to find a professional, skilled plumber is vital, says UK Plumber of the Year Shaun Scott. The 25-year-old, who was named the UK’s top plumber earlier this year, warns that it is only too easy for people who aren’t qualified to cause thousands of pounds worth of damage and give the plumbing industry a bad name. Shaun is a member of WaterSafe, the UK accreditation scheme for qualified plumbers, which ensures all its members are trained to work safely with drinking water.

I would like to wish all the residents of Wolverhampton a Happy New Year and hope that you had an enjoyable Christmas. Nationally 2016 was a year of some uncertainty, locally however we have continued to focus on priorities set out in our Vision 2030 with the aim of delivering an optimistic and resilient future for everyone who lives in our city.

Businesses in Greater Birmingham have recorded a “remarkable” end-of-year performance in a post-Brexit bonanza, according to Greater Birmingham Chambers of Commerce (GBCC). But the labour market in the service sector remains challenging, with all firms surveyed stating they were having difficult in recruitment.  However, according to overall figures published today (December 29), all sectors have contributed towards ensuring the West Midlands is out-performing the rest of the UK.

Sandwell Council leader Councillor Steve Eling visited the Oldbury Delivery Office to thank local postmen and women for their hard work during Royal Mail’s busiest period. This year, Royal Mail has been celebrating its 500th anniversary, with this festive period marking half a millennium of delivering Christmas cards and parcels. Councillor Eling, together with Councillor Paul Moore, the council's cabinet member for regeneration, toured the office.

Paul Thandi, CEO of the NEC Group, one of the World’s top venue management companies to give a keynote speech at the Signature Awards 2017. Since becoming CEO in October 2006 Paul has rebuilt the company’s brands and reputation, created a new senior management team and transformed the Group into a data-led organisation which has included the launch and evolution of The Ticket Factory, now a challenger brand to Ticketmaster.

Wolverhampton’s Civic Halls held their last event on Friday, December 23 before closing for full refurbishment works to get underway in the New Year. Enabling works on the multi-million pound refurbishment of the Grade II listed venue were completed earlier this year. The doors to the Civic Halls temporarily reopened in October for a host of big-name events, which wrapped up with Roy Chubby Brown on Friday. A contractor will be named in the New Year for the main works to start in January.

City of Wolverhampton Council has revealed the battle to win the Wolverhampton Interchange design competition is down to the final three contenders. The full brief was released last month and focuses on i9, the former Steam Mill site, and a refreshed masterplan for the remaining parcels of land within the city’s £132 million transport hub and commercial gateway. Ten of the UK’s leading architects and urban design practices put forward submissions.

Romania’s largest hybrid carrier, Blue Air, has launched three times weekly flights from Birmingham to Cluj-Napoca, the second largest city in Romania. The route launch follows in quick succession from the airline’s announcement of its new route between Birmingham and Larnaca starting in March 2017 and its inaugural Bucharest launch which was celebrated in March this year. Served by a 189 seat Boeing 737-800 aircraft, the carrier will fly to the city of Cluj-Napoca on Mondays, Wednesdays and Fridays.

New figures published in Haringey’s Annual Carbon report have shown per capita carbon emissions in the borough have fallen by 37% since 2005. The figures mean Haringey now has a lower carbon footprint (770.4 kt CO2) than six neighbouring boroughs: Camden: 1,355.8 kt CO2, Barnet: 1,125.5 kt CO2, Enfield: 1,108.1 kt CO2, Islington: 876.9 kt CO2, Hackney: 812.1 kt CO2, & Waltham Forest – 775.2 kt CO2.

Business leaders in Birmingham have called on the Government to provide a clear policy programme for businesses following the Bank of England’s decision to leave interest rates at a record low of 0.25 per cent. The last change was a rate cut in August, in the wake of the UK’s vote to leave the European Union. The Bank warned that household budgets could be squeezed because of slower wage growth and higher inflation.  It still expects inflation to rise above the two per cent target, but not as quickly and by not as much as predicted last month. 

The Black Country Chamber of Commerce are calling for investment in infrastructure to support the announcements relating to making the UK as 5G ready as soon as possible. This follows the report from the National Infrastructure Commission that has been published on mobile connectivity. The UK is currently 54th in the world for 4G availability and in rural areas 3% of the population do not have any coverage outside their homes (complete not-spots), whilst 25% do not have coverage offered by all the main mobile networks (partial not-spots).

‘Brits’ no longer need to fear the dreaded Christmas jumper present from Grandma this year as latest research reveals that British seniors have a world of choice at their fingertips. They are now among the most tech-savvy consumers in the world, with 78 per cent of internet users over 65 currently shopping online.

Midlands businesses will have the chance to explore opportunities in the export market by taking part in trade visits to the United Arab Emirates and Mexico. A Midlands Engine group is travelling to Dubai on 29 January for a market visit to Arab Health. Led by experienced trade advisers, companies taking part in the visit will be able to pre-arrange meetings with commercial advisers and buyers, as well as taking part in other activities such as a networking reception and optional site visits.

Residents are already beginning to feel the benefits of City of Wolverhampton Council regeneration under the Heath Town estate Masterplan. It will bring new housing, refurbished homes, and improved leisure space. As part of this, the ground and lower ground floors of Ling House have been refurbished to provide new office and community space for the Hope Centre.  The charity, whose roots on the estate go back more than 30 years, has been relocated from its dated Chervil Rise premises, which are due to be demolished as part of the wider transformation.