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06/06/2024
BCC outlines five-point plan
The British Chambers of Commerce (BCC) has set out a five-point plan for ‘immediate action’ by the new government.
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Last 15 Years "worst for income growth"
In a new report, the Institute for Fiscal Studies (IFS) has found that the past 15 years have ‘been the worst for income growth in generations’.
31/05/2024
Tax receipts totalled £75.4b
Data published by HMRC has shown that total tax receipts for April 2024 are £75.4 billion, which is £4.2 billion higher than the same period in 2023.
Generative AI could widen inequalities
The Institute of Directors (IoD) has warned that generative AI could ‘widen corporate inequalities’.
23/05/2024
£235b held in low interest accounts
£235 billion of cash is sitting in low interest bank accounts with rates of under 1%, according to the Bank of England
Post-Brexit border checks cost £4.7b
The National Audit Office (NAO) has warned that the UK is set to spend more than £4.7 billion on post-Brexit border checks.
Total of 800 years on hold to HMRC
UK taxpayers spent the equivalent of 800 years on hold to HMRC in 2022/23, according to a report published by the National Audit Office (NAO).
16/05/2024
300,000 file tax returns in the first week
Almost 300,000 self assessment taxpayers filed their return in the first week of the new tax year, HMRC has revealed.
Shortfall in pension savings of £119,000
UK adults face a significant shortfall in their pension savings at retirement compared to what they wanted to retire on, according to research from Standard Life
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