The Bank of England (BoE) has raised UK interest rates to a 13-year high of 1.25% and is now predicting inflation will hit 11% this autumn, when energy bills are set to rise again.
Six out…
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The Bank of England (BoE) has raised UK interest rates to a 13-year high of 1.25% and is now predicting inflation will hit 11% this autumn, when energy bills are set to rise again.
Six out…
Economic analysts have warned that the rate of inflation could keep rising in 2023 as a result of rising energy prices.
Think tank the Resolution Foundation stated that inflation could go…
Chancellor Kwasi Kwarteng used the 2022 Mini Budget to announce a series of tax cuts for businesses and individuals.
The Chancellor confirmed that the 1.25% rise in national insurance contributions…
The British Business Bank (BBB) was supporting £12.2 billion of lending to over 96,000 businesses at the end of March 2022, according to its annual report.
As part of its role in reducing…
Chancellor Jeremy Hunt has announced that the Spring Budget will be delivered on 15 March 2023.
Mr Hunt stated that he has commissioned the Office for Budget Responsibility (OBR) to prepare…
Fewer firms are increasing their investment in training and development despite a skills shortage, according to a survey by the Confederation of British Industry (CBI).
The survey found that…
New company car advisory fuel rates have been published and took effect from 1 March 2023.
The guidance states: 'you can use the previous rates for up to one month from the date the new…
HMRC has revised interest rates with late payment bills charged 6.75% from 13 April, the highest level since January 2008.
The late payment and repayment interest rates follow the rise in…
Following the Bank of England's latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.
The Bank increased the base rate to 4.5% from…
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