Lending to small businesses hits all-time low
Lending to small and medium-sized enterprises (SMEs) in the UK is the lowest it has ever been, with fewer than one in ten small businesses applying for finance in the…
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30/05/2022
Chancellor announces windfall tax on energy firms
Chancellor Rishi Sunak will impose a windfall tax on energy firms alongside a package to help households with the cost-of-living crisis. Mr Sunak said a 'temporary, timely, and targeted' 25%…
27/05/2022
Statistics reveal more than 500,000 families used Tax-Free Childcare in past year
New data published by HMRC has revealed that 512,415 families made use of the Tax-Free Childcare (TFC) scheme in the past year. Under TFC, the tax relief available is 20%…
26/05/2022
Energy price cap set to rise to £2,800 in October
The energy price cap is now expected to rise to around £2,800 in October, according to the UK's energy regulator. Jonathan Brearley, Chief Executive of Ofgem, warned MPs on the…
25/05/2022
Government ‘refuses to rule out windfall tax’ on oil and gas companies
A Treasury minister has stated that the government 'cannot rule out' a windfall tax on gas and oil companies in order to help with the cost-of-living crisis. Simon Clarke, Chief…
24/05/2022
Ofgem proposals aim to avoid price shocks on energy bills
Household energy bills could change every three months under new plans proposed by the energy regulator Ofgem. Currently, gas and electricity bills are updated every six months and the increased…
23/05/2022
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