UK (Parliament Politics Magazine) – The Low Incomes Tax Reform Group warns that HMRC’s efforts to track online income could confuse online sellers due to mismatched reporting periods. E-commerce platforms like eBay, Vinted, and Airbnb have until the end of the month
UK (Parliament Politics Magazine) – UK businesses are facing tough decisions, with more than half ready to increase prices due to a rise in costs and taxes, as business confidence has dropped. According to a British Chambers of Commerce (BCC) survey of
UK (Parliament Politics Magazine) – British companies and financial services executives expect growth in the new year, with 70% hoping for higher turnover and 73% projecting greater profitability. Two polls reveal that the majority of UK businesses expect a good start to
UK (Parliament Politics Magazine) – British companies face tough times ahead, expecting lower growth and activity in 2025, as the National Insurance increase is seen as a major factor in the downturn. The Confederation of British Industry (CBI) survey reveals businesses expect
London (Parliament Politics Magazine) – The BoE has decided to keep interest rates at 4.75%, highlighting the economic conditions and inflation concerns following Chancellor Rachel’s budget and global trade uncertainties. The Bank of England monetary policy committee maintained interest rates at 4.75%
London (Parliament Politics Magazine) – UK inflation saw a rise to 2.6% in November, the highest increase since March, driven by rising costs in clothing, fuel and ticket prices. The Consumer Prices Index (CPI) hit 2.6% in November from 2.3% in October,
London (Parliament Politics Magazine) – The British government has accepted Czech billionaire Daniel Křetínský’s £3.6bn acquisition of Royal Mail’s parent company, making it the first time the historic postal service will be owned by a foreign investor. The deal was approved by
London (Parliament Politics Magazine) – Job vacancies in the UK declined in November, marking the steepest fall since the pandemic, with business confidence dropping to its lowest in nearly two years. The new monthly report from KPMG and the REC reveals a
London (Parliament Politics Magazine) – UK house prices hit a record high of £298,083 in November, with a 1.3% monthly increase, marking the fifth consecutive increase, although affordability remains a concern for many buyers, especially first-time purchasers. According to the UK’s biggest
London (Parliament Politics Magazine) – CBI warns of negative growth expectations for the first time in 2024, with firms forecasting declines across sectors after the government’s recent budget and tax hikes. According to the CBI’s latest Growth Indicator, the private business sector
London (Parliament Politics Magazine) – The Bank of England highlighted rising trade barriers and financial uncertainty as threats to growth and inflation, though UK banks are well-capable. Starting in 2025, stress tests will be conducted every two years to focus on broader
London (Parliament Politics Magazine) – ONS data reveals UK net migration hit a record 906,000 in 2023, revised figures show, with stricter visa rules under Rishi Sunak causing a sharp decline. Britain’s net migration hit a record 906,000 last year in June
