With 100 days to go until the deadline for online returns, HM Revenue and Customs (HMRC) is reminding Self Assessment customers to complete their tax return. Self Assessment customers have until 31 January 2023 to submit their online return for the 2021 to 2022 tax year. Despite this, 66,000 … [Read more...]
News for: General Business News
Liz Truss resigns as Prime Minister with replacement to be announced by 28th October
Prime Minister Liz Truss has resigned from the post, with the Conservative Party expected to announce her replacement in an accelerated process to conclude by 28th October at the latest. Liz Truss made the announcement at 1.30pm on 20th October outside 10 Downing Street, where she announced her … [Read more...]
BBC launch campaign to share cost of living support
The BBC has launched a new national campaign to support Britons with the ongoing cost of living crisis, spanning online news, TV and radio services. The campaign will leverage the BBC's reach as the UK's national broadcaster to share tips, advice, solutions on saving money and budget recipes, as … [Read more...]
New bill introduced to ensure minimum service levels during transport strikes
Amid ongoing industrial action affecting rail travellers throughout 2022, the government has introduced a new bill aimed at ensuring a minimum level of service can continue during future transport strikes. The initial rail strikes during June 2022 were estimated to have cost the UK economy up to … [Read more...]
Food price rises drive inflation back up to 10.1%
The Office of National Statistics' (ONS) Consumer Price Index (CPI) measure of inflation rose to 10.1% in September, returning to its July high with continued steep rises in food and drink prices. The 0.2 percentage point increase from August's inflation figure was significantly driven by rising … [Read more...]
Online service launches to help businesses support employees with health conditions and disabilities
The early test version has launched of a new online service to help businesses access information to help support colleagues with health conditions or disabilities at work. The £6.4 million Support with Employee Health and Disability service aims to help create more inclusive work environments … [Read more...]
New Chancellor makes statement on medium-term fiscal plan
Following his appointment on Friday 14th October, new Chancellor of the Exchequer Jeremy Hunt has made an emergency statement on the medium-term fiscal plan. Kwasi Kwarteng was sacked as Chancellor after just 38 days in the job after markets and Conservative backbenchers reacted poorly his … [Read more...]
Recent trade deals offer £100 million of export markets to UK alcohol companies
Recent trade agreements have eased trade barriers on UK alcohol exports in markets worldwide worth £100 million, Trade Secretary Kemi Badenoch has announced. Trade negotiations have seen tariffs and other obstacles reduced in countries including Argentina, Angola, Morocco and Tunisia, opening up … [Read more...]
UK set to make trading documents digital
The UK government has set out plans for the trading documents used by businesses moving goods around the world to be made digital. The Electronic Trade Documents Bill, introduced in Parliament on 12th October, is set to allow businesses to choose digital documentation alongside paper-based hard … [Read more...]
Bank of England widens gilt purchase operations in response to ongoing market volatility
The Bank of England has announced it increase its interventions in gilt markets with further purchases of long-dated government bonds. Following a September 28th announcement that the Bank would make temporary and targeted purchases of gilts, the Bank of England has announced it will expand … [Read more...]
HMRC warns Self Assessment customers to be wary of fraudsters
As the deadline for Self Assessment tax returns to be submitted approaches, HMRC is warning customers to be wary of being targeted by fraudsters and scams. In the 12 months to August 2022, HMRC responded to more than 180,000 referrals of suspicious contact from the public, of which almost 81,000 … [Read more...]
New website launches as part of support programme to help businesses to manage rising costs
Greater Manchester's Business Growth Hub has launched a new website as part of its #HereForBusiness support to help businesses in Stockport and across the city-region in managing rising costs. Working together with Greater Manchester Combined Authority, the Local Enterprise Partnership, local … [Read more...]
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