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Business tax changes take effect at start of new financial year

Changes to how businesses can deduct capital expenditure, as announced in the Spring Budget, have come into effect from the 1st April. The changes, comprising 100% full expensing and a 50% first-year allowance, are estimated to save businesses around £27 billion in corporation tax over the next … [Read more...]

Greater Manchester FinTech sector is the largest outside London

The Greater Manchester FinTech sector is set to contribute £1 billion to the local economy by 2023, making it the largest outside London, according to a new report by Whitecap Consulting. The sector was also found to employ over 10,000 people in the city-region, and has seen 67% growth over the … [Read more...]

HMRC late payments interest rates revised

Following the Bank of England's decision to increase its base interest rate to 4.25%, HMRC has confirmed that interest on late payments will also increase. HMRC interest rates are linked to the Bank of England base rate, and set at the base rate plus 2.5%. Repayment interest is set at the higher … [Read more...]

Vernon reopens Reddish branch after refurbishment

Stockport’s mutual, Vernon Building Society, has reopened its Reddish branch with a community event attended by members, local charities and mascot, Vernon Bear. Local contractors, Monks Morton Design Interiors and Flexible Office, have completed a six-week, £150,000 refurbishment of the branch … [Read more...]

Interest rates rise further to 4.25%

The Bank of England's Monetary Policy Committee (MPC) has voted to raise the bank's base rate to 4.25%, the eleventh consecutive rise in interest rates since January 2022. The rate rise follows the release yesterday of the February's Consumer Prices Index which found inflation had risen to 10.4%, … [Read more...]

Together appoints new Personal Finance Chief Operating Officer

Specialist lender Together has announced the appointment of Chloe Cotgrave (pictured) to the position of Personal Finance Chief Operating Officer. Chloe's remit will be overseeing all operational areas for the Cheadle lender's personal finance customers, including the underwriting, customer … [Read more...]

Handelsbanken exposes Gender Wealth Gap in new report

Lower literacy and confidence around financial products and markets is hampering women’s ability to build wealth, finds research by Handelsbanken Wealth & Asset Management.  The 'Can we solve the gender wealth gap?' report highlights the breadth and depth of the disparity between men and … [Read more...]

Together announces three promotions to executive team

Cheadle-based specialist lender, Together, has announced three promotions to its executive team for Sarah Nield, Ryan Etchells and Julie Twynholm. Sarah Nield will take on the role of Group Chief Compliance Officer. Her key focus will centre on delivering the group’s strategy to become an … [Read more...]