6.7 C
London
Thursday, January 27, 2022

TAG

Economy

1 in 4 seeking debt help are single families, says Citizens Advice

Analysis released today by Citizens Advice shows the struggle that many people, particularly single-parent families, have with debt as the cost of living crisis begins to bite. Citizens Advice’s figures show that around 280,000 people in England and Wales sought one-to-one help with debt in 2021, with many more using its website. Of those, almost…

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.

MPs blast DWP’s ‘shameful’ underpaying of widows, divorcees & dependent women pensioners

The Department for Work & Pensions (DWP) estimates it has underpaid 134,000 pensioners, mostly women, over £1 billion of their State Pension entitlement, with some of the errors dating as far back as 1985. In January 2021, DWP started an official exercise to correct the errors, the ninth such exercise since 2018. The errors –…

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.

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…

Chancellor to provide Hospitality sector with £1bn in additional financial support with a one off £6,000 grant

The Chancellor Rishi Sunak 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… The post Chancellor to provide Hospitality sector with £1bn in additional financial support with a one off £6,000 grant appeared first on London Business News…

£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.

Chancellor urged to provide ‘much needed’ support to SMEs with ‘an extension of the VAT relief’

City Corporation Policy Chair Catherine McGuinness has today called on the Government to provide “much needed” support to SMEs. In a letter to the Chancellor, the Policy Chair said City… The post Chancellor urged to provide ‘much needed’ support to SMEs with ‘an extension of the VAT relief’ appeared first on London Business News |…

Latest news