Business News

25 Oct 2021

'Bank of mum and dad' financing half of first-time purchases, research finds

Research carried out by property group Savills has found that half of first-time buyer home purchases are financed by the so-called 'bank of mum and dad'.

22 Oct 2021

Manufacturing activity remains firm, but supply pressures mount, says CBI

UK manufacturing output volumes in the quarter to October grew at a similarly firm pace to September, according to the Confederation of British Industry (CBI).

21 Oct 2021

FSB study shows small firms losing £25 billion per year to tax admin

A study carried out by the Federation of Small Businesses (FSB) has showed that small firms are losing £25 billion per year as compliance costs and time lost to dealing with tax admin soar.

20 Oct 2021

Heat pump grants worth £5,000 to help replace gas boilers

Homeowners in England and Wales will be offered subsidies of £5,000 from next April to help them to replace old gas boilers with low carbon heat pumps.

19 Oct 2021

Pensions experts say a minimum of £10,900 a year needed to retire

A single person will need post-tax annual income of £10,900 for a minimum standard of living in retirement, according to the Pensions and Lifetime Savings Association (PLSA).

18 Oct 2021

Applications now open for freeports

Businesses that are planning to operate in the UK's new freeports can now apply to HMRC.

15 Oct 2021

Over 40 trade associations back statement on business rate reform

A joint statement issued by 41 of the UK's trade associations has called on the government to reform business rates in order to help unlock green investment.

14 Oct 2021

Deadline for 2020/21 self assessment tax returns approaching

HMRC has reminded self assessment taxpayers that the deadlines for filing 2020/21 tax returns are now approaching.

13 Oct 2021

Chancellor has 'little room for manoeuvre' in the Budget

Chancellor Rishi Sunak will have 'little room for manoeuvre' in this month's Budget and Spending Review, according to the Institute for Fiscal Studies (IFS).

12 Oct 2021

ICAEW calls for Autumn Budget to 'accelerate work to build modern tax system'

The Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to use the upcoming Autumn Budget to help accelerate work on building a modern UK tax system.

11 Oct 2021

Three in ten firms to employ fewer people as result of NIC increase, IoD finds

A survey carried out by the Institute of Directors (IoD) has found that three in ten businesses plan on employing fewer people as a result of the increase in national insurance contributions (NICs).

08 Oct 2021

Business groups warn that fragile economy is on shaky ground

Business groups have warned Prime Minster Boris Johnson that the UK economy is fragile and the recovery from the coronavirus (COVID-19) pandemic remains on shaky ground.

07 Oct 2021

IoD urges government to introduce tax super-deduction for investment in retraining

The Institute of Directors (IoD) has called on the government to introduce a tax super-deduction to plug an investment gap in retraining.

06 Oct 2021

FSB warns tax rises 'threaten recovery from pandemic'

The Federation of Small Businesses (FSB) has warned that tax rises could threaten the UK's ongoing recovery from the coronavirus (COVID-19) pandemic.

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