A study carried out by the Federation of Small Businesses (FSB) has found that one in four small firms plan to close, restructure or downsize if support with their energy bills ends next April. The
Data published by the National Audit Office (NAO) has revealed that the UK’s Digital Services Tax (DST) raised £358 million from large digital businesses in the 2020/21 tax year. Digital Services Tax was introduced in
In a new report, the Organisation for Economic Co-operation and Development (OECD) has warned that the UK economy is on track for the biggest downturn when compared to any other nation in the G7. The
In its analysis of the recent Autumn Statement, think tank the Resolution Foundation suggested that workers in the UK are currently living through a two-decade long wage stagnation costing them £15,000. The Resolution Foundation stated
The Institute for Fiscal Studies (IFS) has stated that the UK has entered ‘a new era of higher taxation and higher spending’ following the 2022 Autumn Statement. The think tank warned that middle earners ‘will
Responding to the 2022 Autumn Statement, the Confederation of British Industry (CBI) praised Chancellor Jeremy Hunt for ‘delivering stability and protecting the most vulnerable’. The business group welcomed the freeze in business rates and extra
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%
Consumers have been forced to pay almost £100 more on their energy bills due to Ofgem’s failure to regulate the energy supply market properly, according to a report by the House of Commons Public Accounts
The Federation of Small Businesses (FSB) has called for Chancellor Jeremy Hunt to use this week’s Autumn Statement to announce measures to help boost growth, prosperity and jobs in the UK. The business group stated
Research published by the Progressive Economy Forum has suggested that the fiscal ‘black hole’ in the public finances of between £40 billion and £50 billion is the result of ‘government accountancy rules and uncertain forecasts’
The British Chambers of Commerce (BCC) has outlined a range of measures designed to help boost the UK economy in its Business Manifesto sent to Prime Minister Rishi Sunak. In its manifesto, the business group
A survey carried out by the Confederation of British Industry (CBI) has shown that business confidence has ‘fallen sharply’. The CBI’s latest SME Trends Survey, which polls small and medium-sized manufacturing firms, revealed that the
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