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Business News

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Business News

UK ‘on cusp of recession’ after services sector shrinks

The UK economy is 'on the cusp of recession' after the services sector suffered an unexpectedly sharp downturn last month, according to research from IHS Markit. IHS Markit's Purchasing Managers'…

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04/10/2019
Business News

Inheritance tax ‘could be scrapped’, Chancellor hints

Chancellor Sajid Javid has suggested that the government 'may be prepared' to scrap inheritance tax (IHT). IHT is levied on a person's estate when they die, and certain gifts made…

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03/10/2019
Business News

Chancellor pledges to increase National Living Wage to £10.50

Chancellor Sajid Javid has pledged to raise the National Living Wage (NLW) to £10.50 within the next five years. Speaking at the Conservative Party Conference, the Chancellor also said he…

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02/10/2019
Business News

ATT calls for ‘urgent clarity’ on off-payroll working changes

The Association of Taxation Technicians (ATT) has called for 'urgent clarity' on next April's changes to the off-payroll working rules. From April 2020, HMRC intends to extend off-payroll working rules,…

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01/10/2019
Business News

Bank of England hints at interest rate cut

The Bank of England (BoE) may cut interest rates in the near future if the uncertainty around Brexit continues, according to economist Michael Saunders, who is a member of the…

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30/09/2019
Business News

FCA finds half of pension pots cashed in ‘without advice’

Nearly half of pension pots were accessed without advice or guidance being sought last year, according to the latest retirement income data from the Financial Conduct Authority (FCA). The FCA's…

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27/09/2019
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