The UK government has announced a new British Energy Security Strategy to reduce reliance on imported energy, and increase investment in renewable and low-emission power. The strategy will see 95% of energy generated in the UK come from low carbon sources by 2030, accelerating new wind, solar, … [Read more...]
News for: General Business News
Hallidays share April financial news including latest economic forecasts
Stockport accountancy firm Hallidays share their round-up of the financial stories this April, including the latest economic forecasts in the wake of interest rate rises and Rishi Sunak's Spring Statement. Chancellor cuts fuel duty in Spring StatementChancellor Rishi Sunak announced a 5p per … [Read more...]
National Minimum and Living Wage rates go up from today
Around 2.5 million people in the UK will receive a pay rise from today (1st April) in line with increased National Minimum and Living Wage rates. Apprenticeship pay rates will also rise. The uplift in wages will see the National Living Wage (for workers aged 23 and above) rise to £9.50 per hour, … [Read more...]
Government report finds a third of firms suffering cyber attacks are hit every week
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...]
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...]
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