Businesses and charities are being urged to strengthen their cybersecurity practices after a report by the Department of Digital Culture, Media and Sport (DCMS) has found that 31% of business experience cyber breaches or attacks at least once a week. The Cyber Security Breaches Survey … [Read more...]
News for: General Business News
NatWest Group no longer in majority public ownership after £1.2 billion share sale
The government has sold £1.2 billion of its shares in the NatWest Group (including the NatWest and RBS brands), meaning the bank is no longer majority owned by the taxpayer for the first time in over a decade. The banking group was part-nationalised in 2008 as the government sought to stabilise … [Read more...]
Less than one week to go before Making Tax Digital for VAT becomes mandatory
Businesses have less than one week remaining before Making Tax Digital becomes mandatory for VAT-registered businesses from 1st April 2022. Making Tax Digital is part of the HMRC's ambitions to digitalise the tax regime, saving businesses time in processing returns and also reducing errors. … [Read more...]
Chancellor announces cuts to fuel duty and changes to NI threshold in Spring Statement
Chancellor Rishi Sunak has announced a number of measures that seek to ease the impact of the rising cost of living in his Spring Statement, delivered to Parliament on Wednesday 23rd March. Addressing colleagues in the House of Commons, Mr Sunak said his Spring Statement 'builds a stronger, more … [Read more...]
Inflation reaches 6.2% ahead of Chancellor’s Spring Statement
The Office of National Statistics' (ONS) Consumer Price Index (CPI) has revealed a 6.2% rate of annual inflation, the highest figure in 30 years and up from last month's record 5.5%. The latest ONS data on inflation comes ahead of Chancellor Rishi Sunak's Spring Statement, set to be announced … [Read more...]
New digital tools trialled to help public comment on planning developments
The Department for Levelling Up, Housing and Communities (DLUHC) is giving members of the public the opportunity to trial new technologies that will help them comment on how communities are shaped in the future. The government has committed £3.25 million from the Proptech Engagement Fund to trial … [Read more...]
£150 million fourth round of Safer Streets Fund launches
The government has announced that a fourth round of financial support from the Safer Streets Fund has launched, worth £150 million over three years. Previously announced in the Levelling Up White Paper, the scheme seeks to offer additional funding for local authorities around the UK that are … [Read more...]
Bank of England raises interest rates to 0.75%
The Bank of England's Monetary Policy Committee has voted to increase interest rates by 0.25 percentage points to 0.75%. The rise is the second increase in interest rates in 2022, and restores the base rate to its pre-pandemic level. The rate is now back at its joint highest level since March … [Read more...]
CBI calls on Chancellor to extend policies for growth
The CBI, representing 190,000 UK businesses, has called on the Chancellor to extend a number of economic policies and avoid low-growth as the country recovers after the Covid-19 pandemic. The organisation has estimated that targeting 2.5% growth for post-pandemic recovery could add £100 billion … [Read more...]
January retail sales showed recovery as Covid-19 restrictions were eased
Retail sales rose in January by 11.6% year-on-year as shoppers returned to town centres and high streets following the end of work-from-home and face covering guidance, the Office of National Statistics (ONS) has reported. Non-food sales volumes rose 3.4% in January 2022, with strong growth in … [Read more...]
Consumer Prices Index saw inflation rise to 5.5% in January
The latest inflation data released by the Office for National Statistics (ONS) has seen the Consumer Prices Index (CPI) reach 5.5%. The latest high for inflation represents the fastest growth in prices for consumer goods in almost 30 years, when, based on historical modelling, the CPI reached … [Read more...]
US inflation and geopolitical tension: Handelsbanken explains the week’s global economic news
Handelsbanken have summarised the latest economic news as financial markets react to US inflation figures and growing geopolitical tension between Russia and Ukraine. US inflation at 40-year highAmerican inflation figures took markets by surprise, with the USA's Consumer Price Index showing price … [Read more...]
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