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Business News

Rate of inflation jumped to 10.4% in February, data shows

The UK's rate of inflation rose unexpectedly in February 2023, data from the Office for National Statistics (ONS) has revealed. Inflation increased to 10.4% in February, up from its rate…

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22/03/2023
Business News

Treasury estimates MTD for Income Tax deferral will cost over £1.75 billion

Figures released in the Spring Budget documents have revealed that the deferral of Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) will cost the Exchequer more than…

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21/03/2023
Business News

Wage stagnation leaving workers £11,000 worse off per year, data finds

Data published by think tank the Resolution Foundation has found that fifteen years of stagnating wages have left UK workers £11,000 worse off per year. According to the data, typical…

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20/03/2023
Business News

Budget boosts employment but living standards falling, says Resolution Foundation

Chancellor Jeremy Hunt announced an impressively broad suite of policies in the Spring Budget to encourage more people into work, but Britain's economy remains stuck in a 'deep funk', according…

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17/03/2023
Business News

View our 2023 Spring Budget Report

Chancellor Jeremy Hunt delivered his 2023 Spring Budget speech yesterday, outlining a range of financial measures. Mr Hunt outlined a £27 billion transformation of capital allowances; a £500 million package…

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16/03/2023
Business News

Chancellor ‘pulled a range of policy levers’ to stimulate growth, says IFS

Responding to Chancellor Jeremy Hunt's 2023 Spring Budget speech, the Institute for Fiscal Studies (IFS) stated that a 'whole range of policy levers' were pulled in order to stimulate economic…

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16/03/2023
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Recent Posts

  • Parents of teens reminded to extend Child Benefit claim online
  • One in ten people have no cash savings
  • Almost half of sole traders unprepared for MTD changes
  • Household bills drive inflation increase
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