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Below you'll find a list of all posts that have been categorized as “Budget”
UK Chancellor Rishi Sunak this afternoon announced his Spring 2022 Statement from the UK Government. Within this announcement, The Chancellor affirmed the Government’s commitment to stand behind businesses in the UK. Boosting productivity and productivity within the UK is key to the Spring Statement, as are the plans to incentivise …
A typical UK family will spend £1,700 more per year on household costs in 2022, according to a forecast for BBC Panorama. The analysis, conducted by the Centre for Economics and Business Research (CEBR), projected that the inflation rate would rise to 4.6% by Christmas. This rise is mainly due …
A report published by the Institute for Fiscal Studies (IFS) has suggested that the gender pay gap ‘has barely shifted’ in the past 25 years. The business group found that the pay gap remains, ‘despite the fact that women are now considerably more likely than men to be graduates’. According …
Over 300,000 people working for almost 9,000 Real Living Wage employers throughout the UK are set for a pay boost as the Living Wage rates. From 15 November the Real Living Wage increased to £9.90 across the UK and £11.05 in London. This is higher than the compulsory National Living Wage (NLW), which …
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 …
Chancellor Rishi Sunak will deliver the 2021 Autumn Budget speech today at 12:30pm. We will keep you up to date on the key Budget announcements and supply a full summary, which will appear on our website tomorrow morning. Speculation is rife that the Chancellor will increase capital gains tax (CGT) …
Chancellor Rishi Sunak will have ‘little room for manoeuvre’ in this month’s Budget and Spending Review, according to the Institute for Fiscal Studies (IFS). The IFS says that this year’s historic announcements of tax rises will increase the UK’s tax take to its highest sustained level in peacetime. The think …
The Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to use the upcoming Autumn Budget to help accelerate work on building a modern UK tax system. The ICAEW has called for the government to ensure the tax system is ‘fit for …
Chancellor Rishi Sunak will deliver the 2021 Autumn Budget on 27 October. The Budget will follow the Spending Review and is expected to set out how the government will deliver on its promises to the British public. These include leading the transition to net zero across the country; ensuring strong and …
The UK economy shrank by 1.5% in the first quarter of 2021 as the country underwent a COVID-19 lockdown, according to the Office for National Statistics (ONS). School closures and a large fall in retail sales earlier in the quarter dragged down economic growth, said the ONS. The economy is …
HMRC has published details of the eligibility criteria for the fourth grant under the coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS), which will cover the period February 2021 to April 2021. At the 2021 Budget it was confirmed that the fourth SEISS grant will be set at 80% of three …
Chancellor Rishi Sunak used the 2021 Budget to announce an investment of more than £100 million into a HMRC taskforce designed to combat coronavirus (COVID-19)-related fraud. The new Taxpayer Protection Taskforce will seek to crack down on criminals who attempt to fraudulently claim money via government COVID-19 financial support schemes. …
Chancellor Rishi Sunak delivered his 2021 Budget speech yesterday, outlining a range of financial measures and key changes designed to boost the UK economy once the current coronavirus (COVID-19) lockdown ends in England and support businesses. Mr Sunak unveiled a raft of changes for UK businesses, including a new loan …
Within his Budget speech, Chancellor Rishi Sunak unveiled billions in financial support for businesses and families adversely affected by the coronavirus (COVID-19) pandemic. The Chancellor confirmed the extension of a number of COVID-19 support schemes, including the Coronavirus Job Retention Scheme (CJRS), which will now run until September, and the …
Addressing the House of Commons, Chancellor Rishi Sunak used the 2021 Budget to ‘do whatever it takes’ to financially support people and business as the UK recovers from the coronavirus (COVID-19) pandemic. However, Labour Party leader Keir Starmer stated that the Chancellor delivered a Budget that merely ‘papered over the …
Business groups have responded to Chancellor Rishi Sunak’s 2021 Budget speech. The Confederation of British Industry (CBI) stated that the Budget ‘succeeds strongly in protecting the economy now and kickstarting recovery’ from the coronavirus (COVID-19) pandemic. Tony Danker, Director General of the CBI, said: ‘The Chancellor has gone above and …
Chancellor Rishi Sunak will deliver the 2021 Budget speech today at 12:30pm. We will keep you up to date on the key Budget announcements and supply a full summary, which will appear on our website tomorrow morning. Speculation is rife that the Chancellor will announce additional support for UK workers …
