News

The Institute of Directors (IoD) is urging the government to use the upcoming Budget to reduce the planned level of business tax rises. The IoD believes that the Office for Budget Responsibility (OBR) will revise

Coronavirus (COVID-19) emergency finance schemes offered £81.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year. This support, which is not included under the Bank’s

A survey carried out by the Confederation of British Industry (CBI) has revealed that three-quarters of UK businesses are concerned about the impact of labour shortages on competitiveness. The survey found that 87% of firms

The government’s sick pay rebate scheme that enables small businesses to recoup statutory sick pay costs caused by the coronavirus (COVID-19) will end at the end of September. Legislation ending the Coronavirus Statutory Sick Pay

Adopting a tax year which is either aligned with the calendar year or with a calendar month-end would have clear benefits, according to a review from the Office of Tax Simplification (OTS). The review considers

A survey carried out by the Federation of Small Businesses (FSB) has suggested that the UK unemployment rate could rise by 50,000 as a result of the increase in national insurance contributions (NICs) for employers,

Inflation rose to 3.2% last month from 2% in July – its largest ever recorded increase, according to the Office for National Statistics (ONS). The Consumer Prices Index (CPI) measure of inflation for August was the

The UK government faces big choices this autumn if it wants to stimulate economic growth, the Confederation of British Industry (CBI) has said. Following the recent government announcement on plans to increase national insurance contributions

HMRC is urging young people to check if they have a Child Trust Fund (CTF) account. It is now one year since the first account holders started turning 18 and around 55,000 Child Trust Funds

At the end of July, 1.6 million people were still on furlough, the lowest level since the start of the pandemic and 340,000 fewer than a month earlier. But older people and the travel sector

HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget and Spending Review on Wednesday 27 October. On 7 September the Chancellor launched Spending Review 2021, which will conclude on 27

Business groups have warned that the government’s plan to raise national insurance contributions (NICs) and add a surcharge to dividend income will hamper the economic recovery. The government has announced a 1.25 percentage point increase