Business groups say challenges remain despite encouraging Budget
Posted on Friday, April 5th, 2024
The UK’s business groups warned that challenges remain despite the Chancellor delivering an encouraging Spring Budget. The British Chambers of Commerce (BCC) said that while the cut to NICs would ‘boost jobs’ it had failed to ‘shift... 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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Business groups welcome Spring Budget
Posted on Monday, April 17th, 2023
The UK’s business groups largely welcomed the measures taken in the Chancellor’s Spring Budget. The Confederation of British Industry (CBI) branded the Budget as a ‘strong second act’ in Mr Hunt’s plan for stability and growth. Matthew Fell, Interim... Read Full Article...
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...
Treasury Committee warns government against ‘flying blind’ with Emergency Budget
Posted on Tuesday, September 20th, 2022
The Treasury Committee has urged the government to provide assurance that it is not ‘flying blind’ into a potential Emergency Budget this September. In a letter sent to Chancellor Nadhim Zahawi, Mel Stride, Chair of the Treasury... Read Full Article...
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Chancellor cuts fuel duty in Spring Statement
Posted on Thursday, April 7th, 2022
Chancellor Rishi Sunak announced a 5p per litre cut in fuel duty for petrol and diesel in the 2022 Spring Statement. The government says it is the largest ever cut on all fuel duty rates, which applies from 6pm on 23... Read Full Article...
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OBR updates economic picture
Posted on Thursday, April 7th, 2022
In his Spring Statement speech, Chancellor Rishi Sunak responded to the latest forecasts as published by the Office for Budget Responsibility (OBR). The OBR forecasts UK economic growth to be 3.8% in 2022, a significant cut from... Read Full Article...
Scottish Budget 2022
Posted on Friday, January 14th, 2022
Finance Secretary Kate Forbes delivered the 2022/23 Scottish Budget on 9 December 2021, setting out the Scottish Government’s financial and tax plans. The Budget outlined the government’s spending plans, income tax and Land and Buildings Transaction Tax.... Read Full Article...
Welsh government delivers Budget
Posted on Friday, January 14th, 2022
On 20 December 2021, the Welsh government outlined a Budget to ‘build a stronger, fairer and greener Wales‘. The Welsh government unveiled a £116 million package of funding to aid with the economic recovery from the COVID-19 pandemic.... Read Full Article...