News
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UK businesses anticipate growth in exports
Published by Michael Graves on Thu, 08/12/2022 - 10:54amA significant number of UK businesses that trade internationally expect to see an increase in their exports over the coming year, according to an Institute of Directors (IoD) survey.
The survey showed that 42% of UK international traders expect export growth over the next 12 months. It also revealed that 47% of businesses are still finding Brexit challenging, and just 33% envisage opportunities materialising as a result of Brexit.
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Auto-enrolment has helped workers save £114 billion into pensions
Published by Michael Graves on Thu, 08/12/2022 - 10:53am -
OECD warns UK on course for biggest economic downturn
Published by Michael Graves on Wed, 07/12/2022 - 9:54amThe UK economy is to suffer the biggest hit of all the G7 nations next year, according to a report from the Organisation for Economic Cooperation and Development (OECD).
The OECD forecasts that the UK’s GDP will reduce 0.4% next year and grow 0.2% in 2024. This is better than previous OECD predictions which has been for the economy to remain static.
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IFS warns of fall in household incomes
Published by Michael Graves on Wed, 07/12/2022 - 9:52amThe Institute for Fiscal Studies (IFS) has warned that household incomes will see their biggest drop in generations following the Autumn Statement.
The think tank warned that growth in living standards had been weak since 2008 and that it was now going from ‘bad to worse’.
Paul Johnson, Director of the IFS, said:
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CBI praises Chancellor for 'delivering stability' in Autumn Statement
Published by Michael Graves on Tue, 06/12/2022 - 9:16amThe Confederation of British Industry (CBI) praised Chancellor Jeremy Hunt for 'delivering stability and protecting the most vulnerable' in the Autumn Statement.
The business group welcomed the freeze in business rates and extra support for those facing higher bills. Additionally, it said that staying the course on R&D spending and major infrastructure will give a boost to communities and the country.
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Tax burden rises following Autumn Statement
Published by Michael Graves on Tue, 06/12/2022 - 9:14am -
Autumn Statement 2022
Published by Michael Graves on Fri, 18/11/2022 - 9:04am -
British Business Bank lending now exceeds £12 billion
Published by Michael Graves on Mon, 14/11/2022 - 5:39pmThe British Business Bank (BBB) was supporting £12.2 billion of lending to over 96,000 businesses at the end of March 2022, according to its annual report.
As part of its role in reducing regional imbalances the BBB was deploying £900 million of finance and supporting almost 83,000 businesses outside London at the end of March 2022.
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Latest guidance for employers
Published by Michael Graves on Mon, 14/11/2022 - 5:36pm