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02/04/2025

Calls for tougher action on fraud

Anti-scam campaigners have called for UK police forces to take a tougher stance on fraud as a result of a rise in the number of scam cases. Figures published by the Office for National Statistics (ONS) showed that 2024 saw a 19% rise in fraud reports. Campaigners are calling for UK law enforcement to collaborate with international counterparts in order to combat global scam networks exploiting cross-border vulnerabilities which leave consumers exposed. The UK government recently announced that it will work on an expanded fraud strategy in response to the ONS’s latest data. Commenting on the issue, Rocio Concha, Director of Policy at Which?, said: ‘Law enforcement has a crucial role to play in stopping the UK’s fraud epidemic and deterring scammers. But we also need stronger action from telecoms firms, banks and online platforms to prevent scams appearing in the first place. ‘Regulators must be empowered to impose financial penalties when firms fail to implement effective systems to protect consumers.’

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02/04/2025

Minimum wage rose on 1 April

Increases to the National Living Wage (NLW) and the National Minimum Wage (NMW) took effect from 1 April.

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27/03/2025

2025 Spring Statement Business reaction

Business groups, including the Federation of Small Businesses (FSB), the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI) have reacted to Chancellor Rachel Reeves’ 2025 Spring Statement speech.

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27/03/2025

2025 Spring Statement political reaction

Addressing the House of Commons, Chancellor Rachel Reeves used the 2025 Spring Statement to announce an increase in defence spending and a move from a deficit of £36.1 billion in 2025/26 to a surplus of £9.9 billion by 2029/30.

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27/03/2025

2025 Spring Statement economic picture

Within her Spring Statement speech, Chancellor Rachel Reeves revealed that the Office for Budget Responsibility (OBR) has halved UK economic growth from 2% in October 2024 to 1% in 2025.

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27/03/2025

Act now to boost your state pension

People should check their National Insurance contributions (NICs) record to see if they can boost their state pension entitlement before 5 April 2025, warns the Low Incomes Tax Reform Group (LITRG).

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27/03/2025

OECD cuts UK growth forecasts

UK growth will be weaker than previously expected this year and next, according to the Organisation for Economic Co-operation and Development (OECD).

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19/03/2025

Side hustle trading threshold raised

The reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury.

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19/03/2025

Government to tackle worn infrastructure

The British Chambers of Commerce (BCC) has called for the government to ‘tackle the problems of the UK’s worn out infrastructure’ in order to boost economic growth

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REF: MC/NL/1.2