Prime Minister Andy Burnham has been urged to reverse changes to Inheritance Tax (IHT) at the upcoming Autumn Budget. Farmers from around the UK have called on Mr Burnham to honour his pre-election pledge to ‘look again’ at the changes…
The British Chambers of Commerce (BCC) has set out a three-point plan for the new government. According to the BCC, Prime Minister Andy Burnham must focus on trade, investment and productivity to support businesses and help the UK economy thrive.…
The Federation of Small Businesses (FSB) has called for the government to help build trust in artificial intelligence (AI) amongst small firms. It stated that Kanishka Narayan, the government’s new AI Minister, has the ‘opportunity to help small businesses unlock…
HMRC will write to nearly 800,000 taxpayers who could have gaps in their National Insurance (NI) record. The issue affects taxpayers who became self-employed between 2015 and March 2024. According to HMRC, taxpayers who receive a letter or those who…
UK pension providers have joined forces to establish a new UK scale-up fund of more than £1 billion to back the next generation of high-growth science and technology companies. The new fund aims to increase UK growth capital and give…
Prime Minister Andy Burnham has slashed business rates for pubs, clubs and live music venues in England by 20%. The reduction will take effect from April 2027 and will save the typical pub an estimated £1,100 next year, according to…
Firms supporting people to buy, trade and hold crypto will need to meet new standards under landmark rules set out by the Financial Conduct Authority (FCA). All firms must meet financial resilience requirements including capital and stress testing. The FCA…
Significant reforms to small business finance have been announced by the government. The centrepiece of the plans is an expansion of the British Business Bank’s (BBB) Growth Guarantee Scheme (GGS) which provides a 70% government guarantee on commercial loans to…
HMRC says it is making it easier for informants to report serious tax fraud and avoidance through the Strengthened Reward Scheme. Informants may be eligible for a financial reward if the information they provide leads to HMRC recovering at least…
Targeted subsidies, rather than expensive tax breaks, are the most cost-effective way of supporting employers to get young people into work, according to Resolution Foundation analysis. The think tanks warns that the number of young people not in employment, education…
