News and Articles

04 Oct 2024

Bank of England hints interest rates could fall more quickly

The Bank of England has suggested that it could cut interest rates more quickly.

03 Oct 2024

New Growth and Skills Levy must end 'cycle of failure'

The new Growth and Skills Levy must end the 'cycle of policy failure' in addressing Britain's chronic skills shortages, according to the Resolution Foundation.

02 Oct 2024

Business confidence fell in September, data reveals

Confidence amongst UK businesses fell in September, data published by the Institute of Directors (IoD) has revealed.

01 Oct 2024

New tipping law comes into force

Businesses have been banned from withholding tips or service charges from their staff under new rules that come into force on 1 October.

30 Sep 2024

Government cracks down on late payments

The government has announced a crackdown on late payments to small businesses and the self-employed.

27 Sep 2024

Government announces apprenticeship reforms

The government has announced an overhaul of the UK's apprenticeship system.

27 Sep 2024

Tips and troncs – what does it mean for your business?

Since July, it has been illegal for employers to withhold tips from staff. The payment of tips will probably result in a national insurance contribution (NIC) cost for both employer and employees, but this extra cost can be circumvented if a tronc arrangement is used to distribute tips.

26 Sep 2024

UK economic growth 'robust' in 2024, think tank says

The UK has risen in the rankings of the G7 group of nations to have the joint-second highest economic growth for this year, according to the Organisation for Economic Co-operation and Development (OECD).

25 Sep 2024

Young people reminded to reclaim government savings

Over half a million young people are yet to lay claim to Child Trust Funds worth an average of £2,212, HMRC has said.

24 Sep 2024

Chancellor hits the right notes in Conference speech

Chancellor of the Exchequer Rachel Reeves hit the right notes in her speech to the Labour Party conference, says the Confederation of British Industry (CBI).

23 Sep 2024

HMRC urged to take action to 'defuse side hustle time bomb'

The Low Incomes Tax Reform Group (LITRG) has urged HMRC to take action in order to make sellers aware of the fact that they may need to file a tax return and pay tax on their online trading income.

20 Sep 2024

Interest rates held at 5%

The Bank of England's Monetary Policy Committee (MPC) voted to hold interest rates at 5%.

19 Sep 2024

Savers added £42 billion into cash ISAs in first half of 2024, data shows

Savers deposited an additional £42 billion into cash ISAs in the first half of this year, data from Paragon Bank has revealed.

18 Sep 2024

Inflation rate holds steady in August at 2.2%

Inflation has held steady at 2.2% in the year to August, according to the Office for National Statistics (ONS).

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