Economy
Chancellor freezes tax thresholds in Autumn statement
Thursday, 17 November 2022, 12:40
Chancellor freezes tax thresholds in Autumn statement
Chancellor Jeremy Hunt has announced a raft of measures to help “stabilise” the UK economy and reduce inflation, with tax…
Rising energy and food costs push inflation to 11.1%
Wednesday, 16 November 2022, 10:20
Rising energy and food costs push inflation to 11.1%
Inflation has risen to a 41-year high of 11.1% in October, according to data from the Office for National Statistics…
UK economy contracts 0.2% in Q3
Friday, 11 November 2022, 10:50
UK economy contracts 0.2% in Q3
The first signs of the UK entering a recession reared its head in the last quarter as the economy contracted…
Big businesses are HMRC’s ‘best bet’ for tax yields, says Pinsent Masons
Tuesday, 8 November 2022, 10:51
Big businesses are HMRC’s ‘best bet’ for tax yields, says Pinsent Masons
Every pound spent on investigating large businesses yielded £56 in extra tax for HMRC last year, according to law firm…
BoE raises interest rates to 3%
Thursday, 3 November 2022, 14:20
BoE raises interest rates to 3%
The Bank of England (BoE) has raised the base rate of interest to 3%, an increase of 0.75%, as it…
Uber settles £615m VAT claim with HMRC
Wednesday, 2 November 2022, 11:09
Uber settles £615m VAT claim with HMRC
Uber has confirmed in its third quarter results it has agreed to a £615m settlement with HMRC in order to…
Corporate insolvencies up 71% in Q3
Friday, 28 October 2022, 11:20
Corporate insolvencies up 71% in Q3
Corporate insolvencies increased 71% in Q3 with formal corporate insolvency appointments currently over 50% higher than levels in 2021, according…
Treasury Committee seeks chair to replace Mel Stride
Thursday, 27 October 2022, 10:31
Treasury Committee seeks chair to replace Mel Stride
The Treasury Committee is reportedly looking for a new member of parliament to replace its former chair, Mel Stride, after…
Rishi Sunak to become next PM
Monday, 24 October 2022, 14:44
Rishi Sunak to become next PM
Rishi Sunak is set to become the next leader of the Conservative party and the UK prime minister after becoming…
MPs call for crackdown on advisors enabling tax avoidance schemes
Monday, 24 October 2022, 10:30
MPs call for crackdown on advisors enabling tax avoidance schemes
A group of cross-party MPs have called on the UK government to crack down on the accountants and financial advisors…