Total UK exports in goods and services rose by 2.8% in January, according to the latest trade data from the Office for National Statistics (ONS). Goods exports were up by 3.5% on this while services exports up by 2.3% month…
The independent review into the loan charge has issued a call for evidence with examples of promotional material and marketing leaflets a priority for the review team. The review was announced by the Treasury in January and is being led…
Increases to the National Living Wage and National Minimum Wage took effect from 1 April. From April 2025, the NLW will increase by 6.7% and the NMW by as much as 18% depending on the category of the worker. The…
The first Finance Act of the Labour government has gained Royal Assent and passed into law. The Finance Act 2025 makes major changes to the tax rules for non-doms, removes the VAT exemption for private school fees, increases some rates…
The government’s employment reforms are causing employers to put their hiring plans on hold, according to the Institute of Directors (IoD). The IoD noted that there was a small increase in payrolled employees in the latest Labour market data released…
Chancellor Rachel Reeves announced ‘no further tax increases’ in the 2025 Spring Statement. The Chancellor’s Autumn Budget contained a record £40 billion in tax increases. However, it did not raise personal taxes including, Income Tax, employee National Insurance contributions or…
Chancellor Rachel Reeves has unveiled plans to cut red tape as the government aims to kickstart economic growth. The government says its Action Plan will save businesses across the country billions of pounds by cutting the number of regulators, streamlining…
Chancellor Rachel Reeves should consider increasing taxes at this month’s Spring Statement, according to the Resolution Foundation. The Foundation noted that the UK’s economic outlook has declined markedly since the Budget last Autumn. Weaker growth and higher interest rate expectations…
People should check their National Insurance contributions (NICs) record to see if they can boost their state pension entitlement before 5 April 2025, warns the Low Incomes Tax Reform Group (LITRG). For a limited time, certain people are able to…
Activity in the private sector is expected to fall for the fourth consecutive quarter, according to a Growth Indicator from the Confederation of British Industry (CBI). Business volumes in the services sector are expected to decline to -23%, and distribution…
