The government should immediately reverse its flawed National Insurance (‘NIC’) policy to benefit working families, say leading tax and advisory firm, Blick Rothenberg. “The government’s direction to introduce a 1.25%… The post Government’s flawed NIC tax policy should be reversed immediately appeared first on London Business News | Londonlovesbusiness.com.
HMRCs total receipts in the last 12 months are up 16.32% (£733bn from £630bn) on the previous year buoyed by increases in receipts from VAT (£29.4bn), Income Tax (£26.1bn) Corporation… The post HMRC tax receipts surge by over 16% in the last year, the Chancellor could do more appeared first on London Business News |…
The rail strikes have had a devastating impact on the theatre, live music and hospitality industries still rebuilding from the fall out of the pandemic. The night time economy relies… The post The West End was ‘well on the mend and the rail strikes threatens to push thousands of businesses back into intensive care’ appeared…
Inflation (CPIH) in May rose to 7.9%, up from 7.8% in April, major contributors included household energy bills and transport costs, with prices for food and non-alcoholic accelerating fastest compared… The post Disruption in global food markets is starting to feed through into the numbers ‘and looks set to drive continued inflation’ appeared first on…
The RAC have warned motorists on Wednesday that the average price of diesel is “perilously close to the £2-a-litre milestone.” RAC fuel spokesman Simon Williams warned that wholesale costs will… The post Motorists are warned the price of diesel is ‘perilously close to the £2-a-litre milestone’ appeared first on London Business News | Londonlovesbusiness.com.
Inflation soared to 9.1 per cent in the UK across May, hitting a new four-decade high. The consumer price index climbed to 9.1 per cent, fresh data from the Office of National Statistics (ONS) shows, up from 9 per cent in April. The retail price index used to decide train ticket prices rocketed to 11.7…
The latest data from XpertHR shows that the median basic pay increase in the three months to the end of May 2022 was worth 4%, unchanged from the previous month,… The post The median basic pay award remains unchanged at 4% in the three months to the end of May, but no closer to inflation…
The government has been warned that an online sales tax could cost families a further £175 a year. The government has floated the idea, suggesting it could support high streets at the expense of online retailers, potentially set at 1 or 2 per cent of online sales. A paper released today by the Centre for…
Grants, loans and tax credits, there are a raft of measures that can help SMEs to navigate the current economic crisis and continue to scale up their businesses even in… The post Consider tax relief ahead of expensive business loans, experts urge appeared first on London Business News | Londonlovesbusiness.com.
The Bank of England Monetary Policy Committee confirmed on Friday their base rate will rise by another 0.25% to 1.25%, research from international audit, tax and advisory firm Mazars shows… The post Businesses will pay almost £1bn more in interest straight away as Bank of England increases rate by 0.25% appeared first on London Business…
