News

04/09/2023

Call to increase whistleblowers' reward

HMRC should increase rewards for whistleblowers, says law firm HMRC should increase the rewards it pays out to whistleblowers in line with the US system, according to law firm RPC. The tax authority paid  

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29/08/2023

Third of homes face higher energy bills

More than a third of English households will see higher energy bills this winter than they did last winter, according to research published by the Resolution Foundation. Almost half of those hit by the higher  

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23/08/2023

More savers hit with tax on interest

The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell.  

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21/08/2023

Helping UK businesses hit net zero

Three ‘key changes’ are required to help UK businesses hit net zero, according to the British Chambers of Commerce (BCC). A report published jointly by the BCC and Lloyds Bank outlines three key  

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17/08/2023

UK set for 5 years lost economic growth

The UK is set for five years of lost economic growth, according to research from think tank the National Institute for Economic and Social Research (NIESR). The NIESR said a ‘triple blow’ of Brexit, Covid and     

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16/08/2023

UK wages grow at record rate

Wages grew at a record annual pace between April and June, according to data from the Office for National Statistics (ONS). Average weekly earnings, excluding bonuses, hit an annual growth rate of 7.8%  

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15/08/2023

UK importers feel geopolitical pressures

Over a third of UK importers are feeling the impact of geopolitical pressures on their supply chains, according to research conducted by the Institute of Directors (IoD). Tensions between China and the US,  

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10/08/2023

HMRC collects record CGT receipts

Data published recently by HMRC has revealed that it collected a record £16.7 billion in Capital Gains Tax (CGT) in the 2021/22 tax year. The data showed that the number of individuals paying CGT rose by  

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09/08/2023

Recruitment key to fixing inflation

The British Chambers of Commerce (BCC) has stated that the government must ‘fix the recruitment problem’ in order to help ease inflation and minimise the pressure generated by interest rate rises.  

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