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2022 Spring Statement – the business reaction
Business groups have responded to Chancellor Rishi Sunak’s Spring Statement speech. Shevaun Haviland, Director General of the British...
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Mar 24, 20221 min read


Soaring wage and energy costs force three quarters of UK businesses to raise prices
Around three quarters of UK businesses say they are putting up prices in response to surging costs such as wages, energy and raw...
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Feb 15, 20221 min read


Consumer group urges taxpayers to avoid using refund firms to claim tax rebates
Consumer group Which? has urged taxpayers to avoid using so-called ‘refund firms’ to claim tax rebates. Which? stated that people are...
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Jan 24, 20221 min read


Government launches consultation on global minimum tax for multinationals
The government has launched a consultation on the framework for rolling out the 15% global minimum tax on profits which will be payable...
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Jan 19, 20221 min read


Gender pay gap has seen ‘barely any change’ over past 25 years, IFS finds
A report published by the Institute for Fiscal Studies (IFS) has suggested that the gender pay gap ‘has barely shifted’ in the past 25...
Lynne Gowers
Dec 10, 20211 min read


Costs ‘weighing on businesses’ sustainability intentions’, FSB finds
A report published by the Federation of Small Businesses (FSB) has revealed that the costs associated with going green have impacted...
Lynne Gowers
Nov 9, 20211 min read


IFS predicts millions to be worse off next year due to tax rises
The Institute for Fiscal Studies (IFS) has predicted that millions of people will be worse off in 2022 as a result of spiralling costs...
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Nov 5, 20211 min read


Treasury received five million malicious emails over past three years, research finds
Research carried out by think tank Parliament Street has revealed that HM Treasury received almost five million malicious emails over the...
hello426762
Nov 4, 20211 min read


'Bank of mum and dad’ financing half of first-time purchases, research finds
Research carried out by property group Savills has found that half of first-time buyer home purchases are financed by the so-called ‘bank...
Lynne Gowers
Nov 1, 20211 min read


Manufacturing activity remains firm, but supply pressures mount, says CBI
UK manufacturing output volumes in the quarter to October grew at a similarly firm pace to September, according to the Confederation of...
Lynne Gowers
Oct 29, 20211 min read


Small firms losing £25 billion annually to tax admin
A study carried out by the Federation of Small Businesses (FSB) has showed that small firms are losing £25 billion per year as compliance...
hello426762
Oct 28, 20211 min read


Inflation sees sharpest increase on record
Inflation rose to 3.2% last month from 2% in July – its largest ever recorded increase, according to the Office for National Statistics...
Lynne Gowers
Sep 21, 20211 min read


OTS says changing date of tax year end would be beneficial
Adopting a tax year which is either aligned with the calendar year or with a calendar month-end would have clear benefits, according to a...
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Sep 18, 20211 min read


Drop proposed basis period reform, urges ICAEW
Pushing through proposals to change basis periods ahead of the expansion of Making Tax Digital (MTD) will cause as many problems as it...
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Sep 14, 20211 min read


FSB suggests business rates system ‘disincentivises investment’
The Federation of Small Businesses (FSB) has stated that the current business rates system in England serves to ‘disincentivise...
Lynne Gowers
Sep 9, 20211 min read


UK recovery slows as staff shortages take their toll
Staff and supply shortages have taken their toll on the UK's economic recovery, according to the latest IHS Markit/CIPS Purchasing...
Lynne Gowers
Sep 6, 20211 min read


Two-fifths of freelancers lost over 40% of turnover during pandemic
Two out of every five freelancers suffered a loss of over 40% of turnover during the coronavirus (COVID-19) pandemic, according to...
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Aug 15, 20211 min read

ICAEW urges HMRC to scrap VAT exemptions
In response to HMRC’s consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in...
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Aug 7, 20211 min read


CBI survey reveals bumper growth in private sector activity
A survey carried out by the Confederation of British Industry (CBI) has revealed that in the three months to July, private sector...
Lynne Gowers
Jul 25, 20211 min read


Number of freelancers increases for first time since onset of pandemic
The number of self-employed individuals increased month-on-month for the first time since the outbreak of the coronavirus (COVID-19)...
hello426762
Jun 3, 20211 min read