OECD warns UK on course for biggest economic downturn

Dec 05, 2022

The UK economy is to suffer the biggest hit of all the G7 nations next year, according to a report from the Organisation for Economic Cooperation and Development (OECD).

The OECD forecasts that…

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Auto-enrolment has helped workers save £114 billion into pensions

Dec 05, 2022

Workers have saved more than £114 billion into their pension pots since pensions automatic enrolment was implemented ten years ago, according to data published by the Department for Work and Pensions…

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Digital Services Tax has raised £358 million

Dec 05, 2022

The UK's Digital Services Tax (DST) raised £358 million from large digital businesses in the 2020/21 tax year, according to data published by the National Audit Office (NAO).

The DST was introduced…

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Advisory fuel rates for company cars

Dec 05, 2022

New company car advisory fuel rates have been published and took effect from 1 December 2022.

The guidance states: 'you can use the previous rates for up to one month from the date the new…

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Autumn Statement 2022

Nov 18, 2022

The Chancellor Jeremy Hunt presented his Autumn Statement on 17 November 2022. The proposals aim to restore stability to the economy, protect high-quality public services and build long-term prosperity…

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Government pushes back economic statement

Nov 07, 2022

Chancellor of the Exchequer Jeremy Hunt has delayed the announcement of the government's economic plan until 17 November.

The Medium-Term Fiscal Plan was due to be delivered by the Chancellor…

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New PM must restore confidence, say business groups

Nov 07, 2022

The UK's new Prime Minister Rishi Sunak must restore confidence in the country's economy, say business groups.

Mr Sunak will have to deal with a range of issues stemming from inflation and the…

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Inflation returns to 40-year high

Nov 07, 2022

The rate of inflation rose to 10.1% in September as the economy felt the effects of rising prices and the fallout from the Mini Budget, according to the Office for National Statistics (ONS).

The…

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Government pushes back economic statement

Nov 07, 2022

Chancellor of the Exchequer Jeremy Hunt has delayed the announcement of the government's economic plan until 17 November.

The Medium-Term Fiscal Plan was due to be delivered by the Chancellor…

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