News
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Heat pump grants worth £5,000 will help replace gas boilers
Published by Michael Graves on Mon, 15/11/2021 - 8:42am -
Applications now open for freeports
Published by Michael Graves on Fri, 12/11/2021 - 8:53am -
FSB warns tax rises 'threaten recovery from pandemic'
Published by Michael Graves on Fri, 12/11/2021 - 8:52amThe Federation of Small Businesses (FSB) has warned that tax rises could threaten the UK's ongoing recovery from the Covid-19 pandemic.
According to the FSB, small businesses are coming up against 'unprecedented strain', with the cost of doing business higher than ever. Small businesses are also being affected by disruption to supply chains and increasing costs, the business group said.
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Payment period on residential CGT is doubled
Published by Michael Graves on Fri, 12/11/2021 - 8:51am -
IFS predicts millions to be worse off next year due to tax rises
Published by Michael Graves on Thu, 11/11/2021 - 8:26amThe Institute for Fiscal Studies (IFS) has predicted that millions of people will be worse off in 2022 as a result of spiralling costs and tax rises.
Responding to the Autumn Budget, the IFS predicted that low-income families will be squeezed by a rise in the cost of living. The Office for Budget Responsibility (OBR) recently warned that the cost of living is set to rise at its fastest rate in 30 years.
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Business groups give mixed response to Budget
Published by Michael Graves on Thu, 11/11/2021 - 8:23amBusiness groups gave a mixed response to Chancellor Rishi Sunak's 2021 Autumn Budget speech.
Responding to the speech, the Confederation of British Industry (CBI) said that the Chancellor had shown a willingness to listen to business with measures that will help firms innovate and the economy grow.
However, Tony Danker, Director General of the CBI, warned:
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Chancellor delivers Budget to lay foundation for a strong economy
Published by Michael Graves on Thu, 11/11/2021 - 8:22amOn 27 October, Chancellor Rishi Sunak delivered a Budget to ensure the UK economy bounces back following the coronavirus (Covid-19) pandemic.
The Chancellor announced that total departmental spending will grow by £150 billion per year in cash terms by 2024/25, marking the largest real term increase in overall departmental spending for any Parliament this century.
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Autumn Budget 2021 Summary
Published by Michael Graves on Thu, 28/10/2021 - 8:58am -
British Business Bank provided £80.5 billion of COVID-19 support
Published by Michael Graves on Wed, 13/10/2021 - 1:28pmCOVID-19 emergency finance schemes offered £80.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year.
This support, which is not included under the Bank's core programmes, was evenly distributed across the nations and regions of the UK.