Category: Economy

Advisory fuel rates for company cars

Posted on March 28, 2022 | Economy
New company car advisory fuel rates have been published and took effect from 1 March 2022. The guidance states: ‘you can use the previous rates for …

Spring Statement 2022

Posted on March 25, 2022 | Economy
Rishi Sunak presented his Spring Statement on Wednesday 23 March 2022. So, what exactly did the Chancellor say and, more importantly, what did it actually …

Two freeports planned for Scotland

Posted on March 18, 2022 | Economy | Environmental
A partnership agreement to establish two green freeports in Scotland has been reached between the Scottish and UK governments. The locations for the freeports have not …

Spring Statement is the time to act, says CBI

Posted on March 11, 2022 | Economy
The Chancellor must act at the Spring Statement or risk the UK economy drifting backwards to low growth, warns the Confederation of British Industry (CBI). The …

BCC calls for ‘urgent action’ to improve UK-EU trade

Posted on March 4, 2022 | Brexit | Economy
The British Chambers of Commerce (BCC) has called for urgent action to help improve trade with the EU. A survey carried out by the BCC revealed …

No ‘convincing case’ for digital UK currency, says House of Lords committee

Posted on February 28, 2022 | Economy | Uncategorized
Creating an official digital currency in the UK could pose significant risks to the financial stability of banks, a House of Lords committee has warned. The …

Government scheme gives discounts of up to £5,000 on accounting software

Posted on February 18, 2022 | Company News | Economy | Startups
The government's Help to Grow: Digital scheme – designed to support smaller businesses in adopting digital technologies – is now open for applications. Under the scheme, …

Services sector continues to recover despite rising costs

Posted on December 23, 2021 | Economy
Optimism improved for firms across the services sector in the three months to November, according to the latest Service Sector Survey from the Confederation of …

Government sets out tax details on TAM Day

Posted on December 9, 2021 | Economy | Tax
The UK government marked the inaugural Tax Administration and Maintenance (TAM) Day with the publication of 30 papers covering a wide range of tax issues. Chancellor …

HMRC’s tax take falls by billions due to pandemic

Posted on December 6, 2021 | Coronavirus | COVID-19 | Economy | Tax
HMRC saw a drop of almost £30 billion in tax revenues in the latest financial year because of the pandemic, according to its annual accounts. In …