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Spring Budget 2024: Personal news
NICs slashed and non-dom tax regime abolished.
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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Retail sales volume rose in April 2022
Sales volumes in three months to April continue to drop.Recession fears grow amid stagnating economy
Concerns grow as economy shrinks by 0.1% in March.Is hybrid working here to stay?
8 in 10 say they want to do hybrid work in the future.4 in 5 employers ‘negatively impacted’ by NICs rise
BCC reports increased staffing costs and decreased investment.HMRC suspends payment of some R&D tax credits
Delays expected as HMRC clamps down on abuse.Experts call for rethink of online sales tax
Critics doubt tax would effectively address business rates balance.Brexit cross-border tax complexities cost UK economy £47bn
Administrative costs hurt businesses even more.Sunak sets out ‘plan for growth’ but falls short of immediate support
Chancellor insists the Government “stands ready to do more”.UK inflation hits 40-year high of 9%
Macroeconomy now businesses’ number one concern.Regular pay tumbles in first quarter of 2022
Only growth in bonuses keeps total pay growth positive.