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Business News

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Business News

2022 Spring Statement – the business reaction

Business groups have responded to Chancellor Rishi Sunak's Spring Statement speech. Shevaun Haviland, Director General of the British Chambers of Commerce (BCC), said: 'The Spring Statement falls short of the…

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23/03/2022
Business News

2022 Spring Statement – the political reaction

Chancellor Rishi Sunak delivered the 2022 Spring Statement to the House of Commons, and stated that 'cutting taxes means people have immediate help with the rising cost of living'. The…

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23/03/2022
Business News

2022 Spring Statement – the economic picture

In his Spring Statement speech, Chancellor Rishi Sunak responded to the latest forecasts as published by the Office for Budget Responsibility (OBR). The OBR forecasts UK economic growth to be…

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23/03/2022
Business News

CMA frees leaseholders from rising ground rents

Intervention by the Competition and Markets Authority (CMA) has freed leaseholders from increasing ground rent terms that saw them trapped in homes they struggled to sell or mortgage. Businesses which…

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22/03/2022
Business News

MTD for VAT brings in an extra £195 million in tax

An estimated £195 million extra tax revenue has been collected via Making Tax Digital for VAT (MTD for VAT), according to research from HMRC. The research, conducted by HMRC and…

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21/03/2022
Business News

Bank of England raises interest rates for third month in a row

The Bank of England has raised interest rates for the third month in a row. The Bank also warned that the Ukraine conflict could see under-pressure households hit with double-digit…

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18/03/2022
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