Experts warn inflation could keep rising in 2023
Posted on Tuesday, September 20th, 2022
Economic analysts have warned that the rate of inflation could keep rising in 2023 as a result of rising energy prices. Think tank the Resolution Foundation stated that inflation could go above 15%, whilst investment bank Citi... Read Full Article...
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Energy firms call for windfall tax to be scrapped by 2025
Posted on Tuesday, September 20th, 2022
Trade body Offshore Energies UK (OEUK) has stated that the Energy Profits Levy, also known as the ‘windfall tax’, on UK energy firms should be scrapped by 2025 or it could risk having a ‘detrimental impact’ on investment... Read Full Article...
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TUC urges government to raise NMW ‘immediately’
Posted on Tuesday, September 20th, 2022
The Trades Union Congress (TUC) has called on the government to increase the National Minimum Wage (NMW) rates ‘immediately’ in order to guarantee decent living standards for families. Research carried out by the TUC found that UK... Read Full Article...
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Report finds decline in the use of cash is easing
Posted on Tuesday, September 20th, 2022
Banking trade body UK Finance has revealed that the rapid decline in the use of cash as a form of payment has eased. A report published by UK Finance found that 40.4 billion payments were made in 2021,... Read Full Article...
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Advisory fuel rates for company cars
Posted on Tuesday, September 20th, 2022
New company car advisory fuel rates have been published and took effect from 1 September 2022. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’.... Read Full Article...
Recovery Loan Scheme to be relaunched
Posted on Friday, August 5th, 2022
The Recovery Loan Scheme (RLS) will be relaunched during August 2022 as the government aims to continue supporting recovering small businesses. The RLS launched in April 2021 and was originally scheduled to run until 31 December 2021. At... Read Full Article...
National insurance threshold rises to £12,570
Posted on Friday, August 5th, 2022
The level at which people start paying national insurance rose from £9,880 to £12,570 from 6 July. According to the government, 30 million people across the UK will benefit from this tax cut. It says the increase... Read Full Article...
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IMF warns UK is set for slowest rate of growth of G7 countries
Posted on Friday, August 5th, 2022
The International Monetary Fund (IMF) has warned that the UK faces the slowest rate of growth in the G7 next year. The IMF predicts that UK economic growth will fall to 0.5% in 2023, which is considerably... Read Full Article...
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Reform required to combat staff shortages, says BCC
Posted on Friday, August 5th, 2022
The British Chambers of Commerce (BCC) has called for action to help firms employ more staff amidst recruitment difficulties. A survey carried out by the business group revealed that 61% of firms are looking to recruit more employees,... Read Full Article...
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IoD calls for extension of capital allowances super-deduction
Posted on Friday, August 5th, 2022
The Institute of Directors (IoD) has called on the government to extend the capital allowances super-deduction. Data published by the IoD found that the super-deduction has had ‘a positive and measurable impact’ since it was introduced at... Read Full Article...
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