UK economy grew by more than previously estimated during first quarter
Posted on Tuesday, July 9th, 2024
The UK economy grew by more than initially estimated at the start of this year, according to figures from the Office for National Statistics (ONS). The economy grew by 0.7% between January and March 2024, up from... Read Full Article...
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EU trade deal not working for UK business, warns BCC
Posted on Tuesday, July 9th, 2024
The UK government must stop ‘walking on eggshells’ around improving EU trade ties, the British Chambers of Commerce (BCC) has warned. The new government must improve the current EU-UK trade and co-operation deal in order to boost... Read Full Article...
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UK’s investment rates worse than every other G7 country
Posted on Tuesday, July 9th, 2024
The UK has the lowest rates of investment of any other country in the G7, according to analysis by the Institute for Public Policy Research (IPPR). It found that, compared to the USA, Germany, France, Italy, Canada... Read Full Article...
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IR35 reforms taking their toll on skilled contractors
Posted on Friday, May 3rd, 2024
One in ten highly skilled freelancers are currently out of work due to the impact of reforms to IR35 tax legislation, according to research published by the Association of Independent Professionals and the Self-Employed (IPSE). IPSE’s survey... Read Full Article...
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Government urged to implement reforms to R&D tax system
Posted on Friday, May 3rd, 2024
The government is being urged to implement reforms to the Research and Development (R&D) tax relief system in order to avoid hurting small companies by the Suffolk Chamber of Commerce. A report released by the Chamber found... Read Full Article...
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HMRC clarifies tax rules for WFH commuting
Posted on Friday, May 3rd, 2024
HMRC has updated guidance on when tax relief is available on travel expenses for staff who work from home. The tax authority is responding to the growth of flexible or hybrid basis working contracts, particularly since the... Read Full Article...
UK borrowing reduces Chancellor’s wiggle room
Posted on Friday, May 3rd, 2024
Higher than expected government borrowing has reduced the Chancellor’s ‘wiggle room’ at a pre-election Budget. Government borrowing – the difference between spending and tax income – was £120.7 billion in the year to March, according to the latest... Read Full Article...
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More than seven million adults still struggling to pay bills, finds FCA
Posted on Friday, May 3rd, 2024
Around 7.4 million people in the UK struggled to pay a bill or a credit repayment in January, according to the Financial Conduct Authority (FCA). The figure is lower than last year but is still significantly higher... Read Full Article...
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Bank holds interest rates as inflation and economy show improvement
Posted on Friday, April 5th, 2024
The Bank of England held interest rates at 5.25% despite continued falls in the rate of inflation and a return for growth for the UK economy in January. The Bank’s Monetary Policy Committee (MPC) voted by eight... Read Full Article...
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New measures aim to ‘break the spell’ of fraudsters
Posted on Friday, April 5th, 2024
New measures aim to ‘break the spell’ of financial fraudsters by giving payment providers more time, according to draft legislation published by the government. Until now, payment service providers such as banks have generally been required to... Read Full Article...
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