Spring Budget must ease cost pressures on businesses, says BCC

The British Chambers of Commerce (BCC) has urged Chancellor Jeremy Hunt to use the upcoming Spring Budget to help ease cost pressures on small businesses.

Research carried out by the BCC revealed…

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Two freeports confirmed for Wales

Two freeports have been confirmed for Wales by the UK and Welsh governments.

Celtic Freeport, covering Milford Haven and Port Talbot, and Anglesey Freeport will each be backed by £26 million…

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One in five workers will be higher rate taxpayers by 2027, says IFS

The number of people paying income tax at 40% or above will reach 7.8 million by 2027/28, according to research published by the Institute for Fiscal Studies (IFS).

This represents one in…

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HMRC increases late payment interest rate

HMRC has increased interest rates with late payment bills charged 7.5% from 11 July, the highest rate since 2001.

The move follows the Bank of England's June increase in the base rate with…

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Number of cash transactions rises for first time in a decade

The number of payments made with cash rose for the first time in a decade in 2022, according to data published by UK Finance.

According to UK Finance, the total number of payments made last…

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UK set for biggest tax rise in at least 50 years

The UK is on course to see its biggest tax rise in at least 50 years as a result of the freeze on personal thresholds and soaring inflation, according to analysis from the Resolution Foundation.

The…

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National Insurance changes 'ease burden on strivers'

The changes to National Insurance contributions (NICs) announced by Chancellor Jeremy Hunt in the Autumn Statement will help to 'ease the burden on strivers up and down the country', according…

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Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 March 2024.

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

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New measures aim to 'break the spell' of fraudsters

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…

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