Nearly 100,000 customers have made £121 million in Self Assessment tax payments using the HMRC app, according to the UK tax authority's latest figures. Between April and September 2023, 97,365 customers have used the app to settle their tax bill for the 2022 to 2023 tax year, with more than three … [Read more...]
News for: General Business News
2,500 new places open to applicants on AI and data science courses
An estimated 2,500 people are to develop new digital skills through government funding for new AI and data science conversion courses. £13.5 million funding will be shared among 18 universities in England to help more people find employment in the fast-growing AI and data science sectors, … [Read more...]
Inflation falls to 4.6% in October
The Office of National Statistics' (ONS) headline measure of inflation, the Consumer Price Index (CPI), has fallen to 4.6% in October, less the half the rate of price growth seen at the start of 2023. The latest CPI data shows inflation having fallen 2.1 percentage points form 6.7% in September. … [Read more...]
Latest UK GDP data shows zero growth in third quarter of 2023
The latest GDP data published by the Office of National Statistics (ONS) shows the UK economy has seen no growth in output in the three months from July to the end of September 2023. The latest data from the ONS shows the economy grew just 0.2% during September 2023, and 0.1% in August, balancing … [Read more...]
£200 million funding announced to support in-demand skills training
£200 million funding for colleges and universities has been announced to offer training opportunities in key industries facing skills shortages. Targeted investment by the Department for Education announced on 10th November will match up will skills shortages and priority sectors identified by … [Read more...]
Government plans amendments to retained EU employment legislation
The UK government has announced proposals to amend retained EU rules around employment legislation as part of ongoing post-Brexit divergence from mainland Europe. Changes put forward including include reducing record keeping requirements and simplifying calculations of annual leave and holiday … [Read more...]
New minimum service levels announced for strikes in key public services
The government has announced new guaranteed minimum service levels for a range of public services during strike action to mitigate the disruption to the public during industrial disputes. Minimum service levels are proposed for rail, ambulance and border security staff, and seek to balance the … [Read more...]
Businesses encouraged to register online to manage rates valuation account
The Valuation Office Agency is encouraging businesses to register online to ensure information about their property is up to date. The Valuation Office Agency provides the government the valuations and property advice needed to support taxes such as council tax and business rates. The … [Read more...]
Bank of England again holds interest rates 5.25%
Economists on the Bank of England's Monetary Policy Committee (MPC) have once again voted to hold interest rates at 5.25% when they met yesterday (2nd November). The MPC voted 6-3 in favour of the hold, with those opposing calling for 0.25 percentage point rise in the bank's base rate, although … [Read more...]
New AI Safety Institute launched in global first
Prime Minister, Rishi Sunak, has launched a new AI Safety Institute, the first such organisation in the world, that will address harmful capabilities of this emerging technology. The organisation is the evolution of the government's Frontier AI Taskforce and will be advised by industry … [Read more...]
New laws boost ease and access of electric vehicle charging
MPs have approved new laws that aim to better regulate electric vehicle charging infrastructure to make it easier and more accessible for drivers. Regulations will ensure prices across chargepoints are transparent, and that new public chargers have contactless payment options. Providers will also … [Read more...]
£200 million investment announced to get more zero emission trucks on the road
The UK Government has announced a £200 million investment to decarbonise freight vehicles and roll out more zero emission trucks on UK roads. Funds will go towards four innovative green projects to roll out up to 370 zero emission HGVs and help set road freight on the path towards net zero, … [Read more...]
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