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Business News

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Business News

Size of six-year tax threshold freeze has trebled to £25 billion, research finds

Research carried out by think tank the Resolution Foundation has suggested that the size of the UK's six-year 'stealth tax' threshold freeze has nearly trebled to £25 billion. The figure…

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05/04/2023
Business News

UK firms require energy support contingency plan, says BCC

The British Chambers of Commerce (BCC) has urged the government to create an energy support contingency plan for UK firms struggling with significant changes to the business environment. The business…

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04/04/2023
Business News

State pension age rise will not be brought forward, government confirms

The rise in the state pension age to 68 will not yet be brought forward, the government has confirmed. Under current plans, workers born on or after 5 April 1977…

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03/04/2023
Business News

UK economy avoided recession at end of 2022, data shows

Data published recently by the Office for National Statistics (ONS) has revealed that the UK economy grew by 0.1% at the end of 2022, defying estimates. The economy did not…

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31/03/2023
Business News

HMRC issues guidance on abolition of pensions lifetime allowance

HMRC recently issued preliminary guidance in regard to the abolition of the pensions lifetime allowance. At the Spring Budget, Chancellor Jeremy Hunt announced that the lifetime allowance charge will be…

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30/03/2023
Business News

UK firms ‘being held back’ from international trade by new customs procedures

Research published by the Federation of Small Businesses (FSB) has found that UK small firms are 'being held back' from trading internationally by complex new customs procedures. The business group…

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29/03/2023
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