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Bank of England announces cut in interest rates

Economists on the Bank of England's Monetary Policy Committee have voted to cut interest rates from 4.5% to 4.25%. MPC members voted 5–4 in favour of the decision, with two members preferring a deeper rate cut of 0.5 points, and two supporting no change to the base rate. The split in the level … [Read more...]

HMRC launches online help for tax compliance checks

HMRC has launched a new Interactive Compliance Guidance tool to help guide both businesses and individuals through tax compliance checks. The tool, accessible through the government website, brings together existing guidance in one place and helps customers understand: Joanne Walker, Low … [Read more...]

John Lewis Partnership appoints Chief Financial Officer

John Lewis Partnership, the retail group that operates John Lewis Cheadle and Waitrose supermarket in Stockport, has announced the appointment of Andy Mounsey (pictured) as its Chief Financial Officer (CFO). Andy will take up the role with immediate effect, having held the CFO position on an … [Read more...]

Roadshows encourage SMEs to start exporting

The Department of Business and Trade (DBT) has commenced a series of roadshows to encourage more SMEs to start exporting goods and services to markets overseas. The ‘Made in the UK, Sold to the World’ roadshows launched in Blyth in the North-east of England on 24th April, with a series of events … [Read more...]

UK growth faster than expected in February

February GDP figures from the Office of National Statistics (ONS) have shown that the UK economy grew 0.5%, significantly faster growth than had been predicted. Growth was driven by increased output of both services (0.3% growth) and production (1.5% growth), with construction output the same as … [Read more...]

The Post Office to franchise 108 directly managed branches

The Post Office has confirmed it will seek to franchise its 108 directly managed branches, including the Post Office in Stockport town centre. The ambition for the Post Office to close its Crown Post Offices and shift to a fully franchised model was first set out in Autumn 2024, and a Board … [Read more...]

CMA gains new powers to enforce consumer protections

The Competition and Markets Authority (CMA) has gained new powers to enforce consumer protections as new rules for trading online take effect. New consumer protections set out in the Digital Markets, Competition and Consumers Act 2024 (DMCCA) include an explicit ban on posting and commissioning … [Read more...]

Companies House begins identity verification for business owners

Companies House has launched a new service to conduct identity verification for those setting up, running, owning and controlling businesses in the UK. More than 6 million individuals are expected to need to comply with new identity checks in the 12 months after identity verification becomes a … [Read more...]

Businesses invited to share views on US tariffs

The UK Government has invited businesses to share their views on how the country should respond to new 10% tariffs imposed on imports into the US, announced by President Donald Trump. Companies are being asked to share the average value of their trade with the US, the impact of any potential … [Read more...]