Ahead of her upcoming Spring Statement, Chancellor Rachel Reeves has announced £600 million investment to boost training and tackle skills shortages in the construction industry. Funding will enable training of up to 60,000 skills construction workers by 2029, including joiners, bricklayers, … [Read more...]
News for: General Business News
Businesses face ‘wake up’ call about international VAT and customs obligations, warns Azets
VAT specialists at accountancy and advisory firm, Azets, have warned that international VAT and Customs Duty rules are like an iceberg ready to strike unsuspecting businesses. Keith Miller, VAT Partner at the firm, says many businesses do not fully understand VAT and Customs Duty rules for … [Read more...]
Bank of England holds base interest rate at 4.5%
The Bank of England's Monetary Policy Committee (MPC) has voted to hold its base interest rate at 4.5% after agreeing a small 0.25 percentage point fall in February. The decision follows recent rising inflation, which saw the CPI rise to 3% in January, and sparked some speculation that the Bank's … [Read more...]
National Living Wage increase to take effect from 1st April
New rates of the National Minimum and National Living wage will come into effect from April 1st 2025, and businesses are reminded to ensure they are prepared for payroll changes. The new minimum rates of pay will see those aged 21 and over paid a National Living Wage of £12.21, a 77p increase on … [Read more...]
Chancellor meets regulators to reduce red tape on businesses
Chancellor of the Exchequer, Rachel Reeves, has met with leaders of UK regulators amid plans to cut red tape on businesses. The Chancellor's plans look to ensure the UK's regulatory environment supports economic growth and does not place unnecessary costs or bureaucratic burdens on businesses … [Read more...]
Businesses have until 1st April to submit data under producer responsibility for packaging scheme
Businesses affected by the extended producer responsibility for packaging (pEPR) scheme, introduced last year, have until 1st April to submit their data. Under legislation which came into force from 1st January 2024, large businesses must submit data for July to December 2024 by the deadline, … [Read more...]
Changes to statutory consultees set out in further proposals to speed up planning processes
Further reforms to the planning system have been announced by government as part of proposals to speed up decisions and accelerate the building of new homes. Plans will limit the scope of statutory consultees, and remove a limited number of organisations from being required to comment on planning … [Read more...]
Companies House and HMRC to close joint online filing service
Companies House and HMRC have announced that they will close their joint online filing service on on 31 March 2026. The service, used by businesses to file accounts and Company Tax Returns at the same time with both organisations, will be wound down to align with modern digital standards, … [Read more...]
Handelsbanken report highlights persistent gender gap in finances
A new report published by Handelsbanken Wealth & Asset Management has highlighted the persistent gender gap in both wealth and financial education and confidence. The Building your financial future: Are you in control? report, published ahead of International Women's Day on Saturday 8th … [Read more...]
Amendments to new employment rights legislation tabled following consultation
The Government has tabled a number of amendments to its Employment Rights Bill following the conclusion of consultations with businesses and trade unions in five areas. The Employment Rights Bill aims to tackle low pay, poor working conditions and poor job security in order to strengthen the … [Read more...]
New hub launched to help SMEs benefit from increase to defence spending
Following the government's announcement to increase the defence budget to 2.5% of GDP, a package of measures has also been revealed to ensure SMEs benefit from the increased government spending. The government has announced plans to launch a new hub to provide small and medium enterprises (SMEs) … [Read more...]
Government confirms overhaul of local plans
The government has confirmed an overhaul of local plans, frameworks used by local councils to determine where houses and infrastructure should be built, aimed at accelerating the delivery of new homes. Changes including an expectation for new local plans to be drawn up within two-and-a-half … [Read more...]
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