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Side hustlers urged to register for Self Assessment

HMRC is encouraging anyone with income outside of their regular employment to check if they need to complete a Self Assessment tax return for the 2024 to 2025 tax year. Anyone with additional income streams – such as from online selling, content creation, dog walking or property rental – is being … [Read more...]

Creative industries set for £380 million boost

The UK's creative industries, from grassroots venues to film studios, are set to benefit from a £380 million government investment package. Investment forms part of the government's Creative Industries Sector Plan, which sets out the approach to developing the sector in a way that drives regional … [Read more...]

Government backed housing bank aims to support 500,000 new homes

A new government-backed 'housing bank' aims to unlock billions in private investment and enable the building of 500,000 new homes across England. The National Housing Bank, a subsidiary of Homes England, will be publicly owned and backed with £16 billion of financial capacity, on top of £6 … [Read more...]

New Small Business Commissioner appointed to tackle late payments

Emma Jones CBE, founder of Enterprise Nation, has been announced as the new Small Business Commissioner, and will take a leading role in tackling late payments and unfair payment practices that face many SMEs. Jones will take over from outgoing commissioner, Liz Barclay on 23rd June. Liz Barclay … [Read more...]

AI tool launched to help address planning delays

The UK government has announced the roll out of a new AI tool to enable local authority planning officers to process applications more quickly and reduce delays. Speaking at London Tech Week, Prime Minister Sir Keir Starmer announced the launch of “Extract” – an AI assistant developed by … [Read more...]

Pension reforms aim to boost investment and retirement savings

Government has set out planned reforms to pension schemes that aim to unlock greater investment in infrastructure projects and deliver higher returns on savings. Proposals set to be introduced in the Pension Schemes Bill will mean all multi-employer Defined Contribution pension schemes and Local … [Read more...]

Planning changes announced to benefit SME housebuilders

Changes to the planning system have been proposed to make processes easier for SME housebuilders to bring forward smaller developments. While smaller firms provide local jobs and train eight in ten construction apprentices, their market share has shrunk considerably since the 1980s. Changes … [Read more...]

UK Inflation rises to 3.5% in April, surpassing forecasts

The latest Consumer Prices Index (CPI) figures released this morning, 21st May, by the Office for National Statistics (ONS) show UK inflation rose to 3.5% in April – its highest level since February 2024. While a poll of City economists had forecast a rise to 3.3%, and analysts at the Bank of … [Read more...]

Strong Q1 for exporters, finds new UK Trade Barometer report

More than 60% of British exporters saw an increase in overseas sales in the first three months of the year, the latest UK Trade Barometer report has shown. The findings released by UK’s largest group of airports – MAG – and the Growing Together Alliance of regional business bodies, also showed … [Read more...]

HMRC revises interest rates following Bank of England rate cut

Following the Bank of England's decision to cut its base interest rate to 4.25%, HMRC is advising that its interest rates on late payments and repayments will also change. HMRC interest rates are set in legislation and are linked to the Bank of England base rate. Late payment interest is … [Read more...]