Deficits of UK pension schemes have fallen by around £72bn over the month to 31 December 2021 against long-term funding targets, an analysis from XPS’s DB:UK funding tracker has revealed.… The post Bank of England interest rate rise drives UK pension scheme deficits down by £72bn appeared first on London Business News | Londonlovesbusiness.com.
Calls by Tory backbenchers to scrap the planned £12 billion National Insurance (NI) tax rise (The Health and Social Care Levy) along with VAT and ‘green levies’ from household bills… The post National Insurance rise revolt shows UK’s tax struggles appeared first on London Business News | Londonlovesbusiness.com.
Following Wednesday’s (5 January) decision by the First-tier Tax Tribunal in favour of Errol Willy Salons Ltd (a hair salon in Cardiff), businesses renting out a spare room can breathe a sigh of relief as HMRC’s attempt to circumvent the VAT exempt status of rent charges… The post No additional VAT charge for spare room rentals as court thwarts HMRC’s spare room tax grab appeared first on London Business News |…
Experts from Digital Trader Services have warned of the challenges ahead for Britain’s borders following the new, complex EU-UK customs rules that took effect at midnight January 1st. The changes… The post UK traders lack skills post-Brexit appeared first on London Business News | Londonlovesbusiness.com.
Aston Martin seems to be hoping for the type of comeback that the James Bond franchise achieved when Daniel Craig brought a new spark to the film series in 2006. The company… The post Aston Martin declares return to health despite new profit warning appeared first on London Business News | Londonlovesbusiness.com.
It looks like investors are really trying to start 2022 in an optimistic spirit but despite a clear diminishing of concern over Omicron, there are still enough worries out there… The post FTSE struggling for direction ahead of US jobs data appeared first on London Business News | Londonlovesbusiness.com.
Small business minister Paul Scully has this morning defended the government’s forthcoming tax hike, and floundered when asked the price of a pint of milk. The MP for Sutton and Cheam was quizzed on the cost of living on Sky News’s Breakfast programme presenter: “I’m just wondering how in touch you are with all of…
Tube customers are advised that the RMT’s planned strike action could cause severe disruption on Central and Victoria line Night Tube services on weekend evenings until 19 June. Both the… The post RMT strike action threatens Night Tube services until June appeared first on London Business News | Londonlovesbusiness.com.
UK new light commercial vehicle (LCV) registrations bounced back from the pandemic-hit 2020, growing by more than a fifth (21.4%) in 2021, according to the latest figures released today by… The post New van market grows by a fifth as battery electric demand more than doubles appeared first on London Business News | Londonlovesbusiness.com.
Technology stocks, perceived future disruptors, cryptocurrencies and meme stocks are all a taking a bit of a hammering but the old economy seems to be alive and well, judging by… The post Why Shell is once more the biggest company in the FTSE 100 appeared first on London Business News | Londonlovesbusiness.com.
