More than half a million individuals are now paying up to 60 per cent in income tax on the top portion of their earnings, a record number caught in this punitive tax trap according to Bowmore Financial Planning. Salaries ranging between £100,000 and £125,000 fall into this tax anomaly. While the official top rate of […]
The new Government must address the 55% effective tax rate on Universal Credit recipients if it aims to reduce unemployment. That’s according to Robert Salter, Technical Director at audit, tax, and business advisory firm Blick Rothenberg, who highlighted the issue in light of the recent King’s Speech, where the Government committed to focusing on employment. […]
A recent study of the UK’s largest firms has highlighted that neurodiverse business leaders should serve as role models within their organisations. According to 64% of FTSE 350 Board Directors and HR professionals, fear of stigma and potential repercussions is discouraging neurodiverse leaders from discussing their diagnoses openly. The research, commissioned by celebrity chef Heston […]
SSE and TotalEnergies have launched a joint venture aimed at boosting the electric vehicle (EV) infrastructure in the UK and the Republic of Ireland by installing 3,000 ultra-fast charging points. The new business, named Source, plans to deploy these charging points over the next five years, strategically placing them in 300 hubs along major roads […]
The latest SME Barometer from Prism has been released highlighting a cautious yet steady increase in business confidence among UK SMEs. Despite ongoing economic challenges, SMEs are displaying remarkable resilience and optimism for the future. Key Findings: Business Confidence on the Rise : The Institute of Directors (IoD) Confidence Index improved to -10 in April […]
Boostworks, a leading provider of employee reward and recognition, benefits delivery and wellbeing solutions’, has launched the findings of its latest research-based whitepaper: The Heart of Workplace Engagement. Importantly, the paper revealed that 70% of employees highlight the importance of recognition, but less than half (42%) report receiving regular recognition from their CEOs. Flagging the […]
The restructuring firm’s revenue surged by 12% to £136.7 million for the year ending April Begbies Traynor forecasts ongoing “elevated” insolvency levels as rising interest rates and funding demands strain company finances. The Aim-listed restructuring specialist anticipates persistent corporate distress into next year following a 12% increase in insolvencies, reaching 25,391 by April 30. Revenue […]
Americans residing and working in the UK might face increased tax rates due to outcomes from the UK general election and the US presidential election this November. Alex Straight, a Partner at Blick Rothenberg, a British audit, tax, and business advisory firm, and spokesperson for the firm’s international group, highlighted, “For Americans, this is the […]
A significant 52% of CEOs acknowledge that their organisations are falling short in terms of workforce diversity, with 37% of chief HR officers concurring, according to a recent study by The IN Group. To address these shortcomings, 76% of executives have confirmed the implementation of a diversity and inclusion strategy specifically aimed at hiring technology […]
The space industry is projected to be worth $1.8 trillion globally by 2035, up from $630 billion in 2023, according to McKinsey. In the UK, satellite navigation and communication underpin an estimated 17.7% of the nation’s GDP. While billion-dollar rocket companies like SpaceX and Blue Origin capture headlines, the UK’s space sector consists predominantly of […]