Government launches new taskforce to combat economic crime

AVASK MarketingBusiness News

The government has launched a new economic crime taskforce, which will work to combat fraud, bribery, money laundering and corruption. The government estimates that economic crime costs the UK ‘at least’ £14.4 billion per year. In order to tackle this type of crime, a new Economic Crime Strategic Board will …

Business groups respond to outcome of vote on Brexit deal

AVASK MarketingBusiness News

Business groups have responded to the outcome of the vote on Prime Minister Theresa May’s Brexit deal. The Confederation of British Industry (CBI) warned that ‘no deal’ is ‘hurtling closer’. Carolyn Fairbairn, Director General of the CBI, said: ‘A new plan is needed immediately. This is now a time for …

Ban on pensions cold-calling takes effect

AVASK MarketingBusiness News

From 9 January 2019, the government’s new ban on pensions cold-calling takes effect. Making unsolicited calls in regard to pensions is now illegal, and any business found to be breaking the law will face fines of up to £500,000. Data published by the Money Advice Service recently revealed that as …

TUC report reveals household debt has ‘hit new peak’

AVASK MarketingBusiness News

A report published by the Trades Union Congress (TUC) has revealed that UK household debt has ‘reached new highs’. The report revealed that unsecured debt per household rose to £15,385 during the third quarter of 2018 – representing a rise of £886 when compared to a year earlier. Meanwhile, total …

Data reveals slow growth in UK economy

AVASK MarketingBusiness News

Data published by the Office for National Statistics (ONS) has revealed that UK economic growth decelerated in the three months to November 2018, expanding at its slowest pace in six months. The UK economy grew by 0.3% during this period, which is less than the growth of 0.4% recorded in …

New energy price cap comes into effect

AVASK MarketingBusiness News

Around 11 million households could benefit from a new cap on energy prices, which came into effect on 1 January. The new cap aims to ensure that energy customers on default tariffs – such as standard and variable tariffs – pay a ‘fair price’ for their energy. According to energy …

Preparing your business for winter weather

AVASK MarketingBusiness News

With the festive period underway, insurance company Axa has advised businesses to be prepared for ‘severe weather conditions’ during the winter months. Winter maintenance work on your business’s heating system should be carried out as early as possible, Axa advises, and if the property is left vacant over the holiday …

LITRG urges HMRC to publish MTD for VAT exemption guidance

AVASK MarketingBusiness News

The Low Incomes Tax Reform Group (LITRG) has called for HMRC to publish detailed Making Tax Digital for VAT (MTD for VAT) exemption guidance. MTD for VAT is set to come into effect from 1 April 2019 for businesses which have a taxable turnover above the current VAT registration threshold …