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Thursday, January 27, 2022

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IR35 seen as ‘biggest threat’ to £300bn contracting sector in 2022

Despite confidence beginning to return to the contractor market, recently enforced IR35 reform in the private sector is seen by the majority of contractors as the biggest threat to their… The post IR35 seen as ‘biggest threat’ to £300bn contracting sector in 2022 appeared first on London Business News | Londonlovesbusiness.com.

Company insolvencies increase as tough year ahead forecast

Insolvency figures released for December 2021* by the Government’s Insolvency Service showed a 20% increase in corporate insolvencies compared to the same month last year (1486 in December 2021 and… The post Company insolvencies increase as tough year ahead forecast appeared first on London Business News | Londonlovesbusiness.com.

Brits would be taking home £25k more each year if salaries increased in line with inflation from 1987

Whether it’s spending money on the big food shop or treating yourself to a cinema trip, disposable income is important in allowing us to relax and enjoy life’s pleasures outside… The post Brits would be taking home £25k more each year if salaries increased in line with inflation from 1987 appeared first on London Business…

MPs must pay more attention to ensuring public services run more effectively and efficiently

Aveek Bhattacharya, chief economist of the Social Market Foundation, says that with tax bills rising 2022 must be the year when politicians return their focus to the neglected issue of… The post MPs must pay more attention to ensuring public services run more effectively and efficiently appeared first on London Business News | Londonlovesbusiness.com.

Tube workers vote to strike again this time over pensions, working conditions and jobs amidst the ‘on-going financial crisis’

The Rail, Maritime and Transport (RMT) have said that 94% of their members have voted for industrial action and the dispute involves around 10,000 union members. The dispute with London… The post Tube workers vote to strike again this time over pensions, working conditions and jobs amidst the ‘on-going financial crisis’ appeared first on London…

UK’s energy crises will see households paying more than 50% in April as the energy price cap will be updated

The UK is in an energy crisis and prices are now affecting the economy as the upcoming price hike could lead to the country seeing a “2% rise in the… The post UK’s energy crises will see households paying more than 50% in April as the energy price cap will be updated appeared first on…

UK factory growth revised up

UK factory activity grew more quickly than initially estimated in December and supply chain problems eased a little, according to a survey. The final reading of the IHS Markit/CIPS manufacturing… The post UK factory growth revised up appeared first on London Business News | Londonlovesbusiness.com.

Predictions for 2022 revealed

As we reach the end of a difficult year, we start to look forward to what might be coming next. New research by Ipsos MORI tells us what the UK public think… The post Predictions for 2022 revealed appeared first on London Business News | Londonlovesbusiness.com.

£1bn Omicron business measures are nothing but ‘lip service’ the Chancellor should have been much bolder, experts say

The £1 billion Omicron business measures are nothing but a gesture and ‘lip service’ to businesses impacted by the Omicron ‘tidal wave’, say leading tax and advisory firm Blick Rothenberg.… The post £1bn Omicron business measures are nothing but ‘lip service’ the Chancellor should have been much bolder, experts say appeared first on London Business…

Rishi Sunak’s hospitality financial ‘package is far too little and borders on the insulting’

The Chancellor has announced on Tuesday that he will provide the hospitality and leisure sectors with a £1bn additional financial support package. The Treasury will also provide £30m to top… The post Rishi Sunak’s hospitality financial ‘package is far too little and borders on the insulting’ appeared first on London Business News | Londonlovesbusiness.com.

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