UK’s Proposed Tax Changes Threaten Family Businesses
A recent report by CBI Economics for Family Business UK warns that Labour’s proposed alterations to inheritance tax reliefs could severely impact family-run enterprises. The study forecasts over 200,000 job losses and a £14.9 billion reduction in the economy by April 2030. Businesses are reportedly preemptively cutting jobs, canceling investments, and selling assets in anticipation of the increased tax burden. Contrary to government expectations, these reforms may decrease Treasury revenues by £1.9 billion as companies downsize. Neil Davy, CEO of Family Business UK, urges the government to reconsider the policy due to its potential adverse effects on communities reliant on family businesses and farms.
Wave of Layoffs Across Major Corporations
In 2025, numerous prominent companies across various sectors have announced significant layoffs as part of cost-cutting measures, often influenced by technological advancements like artificial intelligence. Companies such as Morgan Stanley, Wayfair, Starbucks, and Meta are among those reducing their workforce. Reasons cited include streamlining operations, enhancing efficiency, and adapting to technological changes. Some companies are offering severance packages and opportunities for internal repositioning to affected employees.
Rising Coffee Prices Impact US Consumers
US coffee drinkers should brace for higher prices due to a combination of factors disrupting global supply chains. In February 2025, wholesale arabica coffee prices soared to a record $4.30 per pound, doubling the previous year’s prices. The average price of ground roast coffee reached $7.25 per pound. Contributing factors include climate-related impacts on coffee crops in major producing countries like Brazil and Vietnam, geopolitical tensions causing shipping delays, and increased coffee consumption in China. Companies like J.M. Smucker plan to adjust their prices to manage these rising costs while attempting to minimize consumer impact.
Empowering Aboriginal Businesses in South Australia
The Aboriginal Business Industry Chamber South Australia (ABICSA) has been established to support self-management and self-determination among Aboriginal businesses. Aiming to become a peak industry body with aspirations to attract 10,000 members in its first five years, ABICSA focuses on creating meaningful trade and commercial partnerships across Australia. The organization plans to offer networking, mentorship, workshops, and training to its members, encompassing both Indigenous and non-Indigenous individuals and businesses. Co-founder and chair Parry Agius emphasizes the importance of empowering Aboriginal entrepreneurs to access government procurement, industry networks, and business development programs.