The UK rate of inflation has risen to 2.9% - its highest level in four months. The rise was driven by higher energy costs, according to the data published by the Office for National Statistics (ONS). Following regulator Ofgem’s price…
The UK economy grew by 0.4% between April and June, official data has revealed. The Office for National Statistics (ONS) found that the summer sunshine and sports fixtures helped the economy grow. The ONS stated that growth has ‘remained fairly…
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…
