Reversed It took little over a week for HMRC to realise that perhaps this wasn't the best idea for the economy and the motor industry. The following blog should now be read in the context that at the time of writing it was correct but HMRC has relented and will now [...]
Minimum wage should rise to £15 for all workers, says TUC The Trade Union has advised that the minimum wage should rise to £15 an hour, for every worker of any age, as soon as possible to help lower paid workers who are struggling with the increases in the cost of [...]
Inflation fears stopping a third starting business With inflation fears growing, more entrepreneurs are concerned about starting their small businesses at this time. Research has shown that out of 2,000 entrepreneurs, 23% are delaying starting their business due to a possible recession. To be successful, business owners have had to upskill, [...]
Boris Johnson resigns as Conservative leader Following several resignations from his own party, and amid mounting pressure for him to resign, Boris Johnson yesterday announced his exit from Downing Street and officially stepped down as Conservative Leader after 3 years in the role. It is expected that a new prime minister [...]
Bank of England is likely to pause interest rate hikes next year, as the cost of living crisis leaves Britain facing 'Mild Recession' Reports suggest that the way things are going, the UK could tip into a mild recession next year, meaning that The Bank of England needs to pause interest [...]
UK inflation hits 9.1% as prices rise at fastest rate for 40 years The price of everything is rising at the fastest rate in 40 years, with food, energy and fuel costs continuing to climb. Inflation has hit 9.1%, the highest level since March 1982. Reports from The Bank Of England [...]
CBI calls for Cobra-style emergency committee for economy Recession 'a very live concern' as CBI outlines seven interventions, to boost growth before the autumn budget. With growing concerns, the economy won't make it to the autumn budget. Reports suggest that the CBI highly suggest that the government must take action to [...]
UK firms begin world's biggest four-day week trial - with no loss of pay A four-day week with no loss of pay is being trialled at dozens of companies across the UK from the 6th of June. Companies will still give employees 100% pay on the understanding that they will still [...]
Government U-turns on energy windfall tax To help fund this support, the government is introducing the Energy Profits Levy, a 25% surcharge on profits made by the UK oil and gas sector, which it is hoped will raise around £5bn over the next year. For the full story click here. This [...]
Sunak pledges to cut business tax in Autumn Budget Rishi Sunak vowed that business tax cuts will come in this year's Autumn Budget. The cost of running a business crisis is arguably as much of an issue as Covid-19, with the strain of many increased costs, the national insurance rise and [...]
