High earners will benefit most from today’s mini budget announcement. Speaking to Business Matters Paul Haywood-Schiefer, Senior Manager at leading tax and advisory firm Blick Rothenberg said: “The reversal of the recent increase to NIC rates will provide savings to all earners, where their income is above around £10,000 per annum (and assuming similar reductions are made […]
Chancellor Kwasi Kwarteng will make his maiden fiscal statement tomorrow announcing a radical shift in the UK’s economic policy mix at a time when households and businesses are suffering from record energy prices, eye-watering inflation and a looming recession. Here is what to expect from the mini-budget: Liz Truss has announced an emergency price cap on […]
Businesses are failing to recognise the importance social media is playing in the purchasing decisions of consumers. That is the findings of new research commissioned by social media tech specialists Maybe* as part of projects with UK Government and local authorities in the UK. The research shows that 79.1% of consumers spend more than seven […]
A six-month energy support scheme for businesses was welcomed yesterday by leading industry groups as vital to help keep companies afloat this winter, but quickly prompted warnings that support would need to be extended. After growing calls for emergency aid amid mounting energy costs, the government moved to cut the wholesale price of energy for […]
Leeds has been found to be the most expensive UK city to rent a desk, based on average daily rates per person, according to new research findings. To support small businesses which may be looking to hire desk spaces, takepayments’ new research reveals average prices for desk hire in major UK cities. While many would […]
HMRC raised £2.9 billion in inheritance tax receipts between April and the end of August 2022, according to new figures released today. This is a £300 million increase from the same period the year before. Under UK law, inheritance tax is paid at 40% on assets valued above a certain threshold. Currently around one in […]
Business investment in the UK fell to the lowest rate in the G7 group of wealthy nations despite corporation tax cuts, the government has been warned, as ministers prepare £30bn of giveaways targeted at companies and higher-income workers. The Institute for Public Policy Research (IPPR) said a “race to the bottom” on the headline tax […]
The UK competition regulator has opened an in-depth investigation into Microsoft’s $75bn acquisition of video game maker Activision Blizzard, the creator of blockbuster Call of Duty. The Competition and Markets Authority on Thursday referred the tie-up for a phase 2 probe, having raised concerns that the deal could hurt rivals such as Sony and present […]
Adobe has agreed to buy business-to-business design company Figma for $20bn in cash and stock, as the software giant looks to bolster its creative tools offering. San Francisco-based Figma, founded by Dylan Field and Evan Wallace in 2012, allows software developers and designers to collaborate remotely and design everything from slides for presentations to user […]
The current challenges around rising costs are expected to prompt more than 40,000 SMEs to lean on finance providers to help support their businesses according to new research from solution-led fintech lender Nucleus Commercial Finance (NCF). The study found that 15% of small and medium sized UK businesses expect to need a loan to support […]