Chancellor promises to drive growth and raises £40 billion in taxes
Posted on Friday, November 1st, 2024
Chancellor Rachel Reeves pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’ in the Autumn Budget. The Budget, which was Labour’s first in over 14 years and the first ever delivered by a female... Read Full Article...
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Autumn Budget – the business reaction
Posted on Friday, November 1st, 2024
Business groups have reacted to Chancellor Rachel Reeves’ Autumn Budget speech. The Confederation of British Industry (CBI) said that the Chancellor ‘had difficult choices to make to deliver stability for the economy’. Rain Newton-Smith, Chief Executive of... Read Full Article...
National Living Wage rises by 6.7%
Posted on Friday, November 1st, 2024
Over three million workers will receive a pay boost after Chancellor Rachel Reeves confirmed the National Living Wage will increase from £11.44 to £12.21 an hour from April 2025. The 6.7% increase is worth £1,400 a year... Read Full Article...
Chancellor makes Full Expensing permanent in Autumn Statement
Posted on Friday, December 8th, 2023
Chancellor Jeremy Hunt used his Autumn Statement to make Full Expensing permanent for those businesses investing in IT equipment, plant and machinery. The Chancellor said he was aiming to stimulate economic growth and highlighted 110 measures for businesses... Read Full Article...
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Autumn Statement cuts won’t stop tax revenues rising to highest ever levels
Posted on Friday, December 8th, 2023
The tax cuts announced in the 2023 Autumn Statement won’t prevent tax revenues rising to their highest ever levels, the Institute for Fiscal Studies (IFS) has warned. The IFS stated that announcing tax cuts in response to... Read Full Article...
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Real Living Wage to increase by 10%
Posted on Friday, December 8th, 2023
The Real Living Wage is set to increase by 10%, the Living Wage Foundation has announced. The rate will rise to £12 an hour across the UK and £13.15 an hour in London. The increase will affect... Read Full Article...
Chancellor must use Autumn Statement to cement commitment to small firms
Posted on Friday, December 8th, 2023
The Chancellor should cement the government’s commitment to small businesses in his Autumn Statement, according to the Federation of Small Businesses (FSB). The FSB has called for a strong stand against late payments; an extension to the... Read Full Article...
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Tax burden rises following Autumn Statement
Posted on Tuesday, December 6th, 2022
The UK’s tax burden will rise after Chancellor Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes in the Autumn Statement. The threshold for the top 45% additional rate... Read Full Article...
CBI praises Chancellor for ‘delivering stability’ in Autumn Statement
Posted on Tuesday, December 6th, 2022
The Confederation of British Industry (CBI) praised Chancellor Jeremy Hunt for ‘delivering stability and protecting the most vulnerable‘ in the Autumn Statement. The business group welcomed the freeze in business rates and extra support for those facing... Read Full Article...
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Chancellor delivers Budget to lay foundation for a strong economy
Posted on Wednesday, November 10th, 2021
On 27 October, Chancellor Rishi Sunak delivered a Budget to ensure the UK economy bounces back following the coronavirus (Covid-19) pandemic. The Chancellor announced that total departmental spending will grow by £150 billion per year in cash terms... Read Full Article...
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