Cryptoassets – the view from HMRC
Although cryptoassets are still a relatively new asset class and they remain mysterious to many people, there is no doubt they are becoming ever more mainstream. They continue grow in popularity with investors appearing to overlook pricing volatility in the hope of gaining a profit if valuations soar. Cryptoassets are […]
What the first TAM Day means for business
The inaugural Tax Administration and Maintenance (TAM) Day probably passed most businesses by. The name rather leaves the impression that this is a day that has been set aside for tax advisors and accountants. However, closer inspection by business will have been rewarded by some welcome announcements. The aim of […]
Outlining the government’s Energy Strategy
The government recently unveiled its new Energy Strategy, which aims to boost UK energy independence and tackle rising prices. Under the government’s new plan, up to 95% of the UK’s electricity could come from low-carbon sources. Here, we take a look at the Energy Strategy in greater detail. Support with […]
Rising Inflation
The UK’s rate of inflation keeps rising, with each monthly update providing more disheartening news. Rising food and energy prices have contributed to the current squeeze on the cost of living, together with the Bank of England increasing interest rates to try to control inflation. May’s increase in the consumer […]
Easing the UK’s labour shortages
Although May’s low unemployment figures were good news in some respects, they also showed over a million unfilled vacancies. These vacancies highlight how persistent labour and skills shortages are hitting growth and business investment while exacerbating the cost-of-living crisis. This has led to business groups to demand the government takes […]
Fighting pensions scams and financial fraud
The launch of a new scam-fighting plan by The Pensions Regulator (TPR) has highlighted the heightened dangers of fraud and scams during the cost-of-living crisis. The pressures caused by the crisis leave savers vulnerable while people’s need to make the most of their money in the current climate can also […]
New PM must act as UK economy set for recession this year
With the UK economy set to slip into recession this year, the British Chambers of Commerce (BCC) has warned that the new Prime Minster will need to take immediate action to protect businesses and livelihoods. The BCC is now forecasting a recession for the UK economy, with three consecutive quarters […]
Action Fraud warns scammers are exploiting cost-of-living crisis
Action Fraud has warned that criminals are using the ongoing cost-of-living crisis to target the public with energy rebate scams. With energy prices set to increase on 1 October, Action Fraud revealed that more than 1,500 reports have been filed with the National Fraud Intelligence Bureau (NFIB) regarding scam emails […]
Official data reveals UK economy grew by 0.2% in July
Data published by the Office for National Statistics (ONS) revealed that the UK economy grew by 0.2% in July following a decline in the previous month. According to the data, the services sector was the biggest contributor to economic growth. The ONS found that monthly services output rose by 0.4% […]
HMRC makes cost-of-living payments totalling £375 million
More than 1.1 million families in the UK have received cost-of-living payments from HMRC. Between 2 September and 7 September, payments of £326 were made to eligible households. The payments were made to tax credit-only customers’ bank accounts. A second means-tested payment of £324 will be issued later this year […]
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