Three in ten firms to employ fewer people as result of NIC increase, IoD finds

AVASK MarketingBusiness News

A survey carried out by the Institute of Directors (IoD) has found that three in ten businesses plan on employing fewer people as a result of the increase in national insurance contributions (NICs). Last month Prime Minister Boris Johnson announced plans to supply an additional £12 billion per year for …

FSB warns tax rises ‘threaten recovery from pandemic’

AVASK MarketingCOVID-19 News

The Federation of Small Businesses (FSB) has warned that tax rises could threaten the UK’s ongoing recovery from the coronavirus (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 …

News and Information from AVASK about the COVID-19 Coronavirus and how AVASK is responding

Chancellor warned of redundancies as furlough scheme ends

AVASK MarketingCOVID-19 News

The government’s Coronavirus Job Retention Scheme (CJRS) ends today (30 September) after supporting millions of workers during the pandemic. The government said the wages of more than 11 million people were subsidised for at least some of the scheme’s duration at a cost of around £70 billion. There is now …

New emergency fraud hotline launched

AVASK MarketingFinance News

A new emergency fraud hotline has been launched for individuals to report financial scams as they take place. The new hotline, which can be accessed by dialing 159, will connect an individual to their bank’s fraud prevention service. The new hotline is being trialed for a year, with fraud prevention …

News and Information from AVASK about the retail sector in the United Kingdom

Inflation sees sharpest increase on record

AVASK MarketingBusiness News

Inflation rose to 3.2% last month from 2% in July – its largest ever recorded increase, according to the Office for National Statistics (ONS). The Consumer Prices Index (CPI) measure of inflation for August was the highest since March 2012, though the ONS said much of the effect was likely to …