Bank of England raises UK interest rates

The UK's interest rate has been raised to 5.25% by the Bank of England, as it continues to try and bring inflation under control.

The Bank's Monetary Policy Committee increased the rate by…

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Less than 1% of small firms receiving net zero help

Less than 1% of small firms have benefitted from key local support schemes across England on net zero, according to research from the Federation of Small Businesses (FSB) and Warwick Business School.

The…

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Inflation rate holds steady as UK economy grows

The UK's rate of inflation held steady in September while the nation's economy grew the month before, according to the latest figures from the Office of National Statistics (ONS).

The ONS…

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Chancellor makes Full Expensing permanent in Autumn Statement

Chancellor Jeremy Hunt used his Autumn Statement to make Full Expensing permanent for those businesses investing in IT equipment, plant and machinery.

The Chancellor said he was aiming to…

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Government borrowing falls as Chancellor hints at tax cuts in Spring Budget

Government borrowing fell to £7.8 billion in December 2023 giving Chancellor Jeremy Hunt more scope to make the tax cuts he has hinted at in the Spring Budget.

The Office for National Statistics…

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Latest guidance for employers

HMRC has published the latest issue of the Employer Bulletin. The February issue has information on various topics, including:

  • 2024 National Insurance contributions rate changes

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HMRC's services having a negative impact on SME productivity

The productivity and efficiency of SMEs is suffering as a result of poor HMRC services, according to members of the Association of Chartered Certified Accountants (ACCA).

In a survey of ACCA…

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UK borrowing reduces Chancellor's wiggle room

Higher than expected government borrowing has reduced the Chancellor's 'wiggle room' at a pre-election Budget.

Government borrowing - the difference between spending and tax income…

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Business ready to work in partnership with Labour government

The UK's business groups have pledged to work in partnership with the new Labour government to revitalise the nation's economy.

Labour leader Sir Keir Starmer is the new Prime Minister after…

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