The Bank of England’s (BoE) Monetary Policy Committee (MPC) has unanimously voted to maintain the UK interest rate at 0.75 per cent amid uncertainty about the potential nature and timing of the UK’s withdrawal from the European Union.
The Government has announced details of the first public consultation on its plans to make HM Revenue & Customs (HMRC) a secondary preferential creditor for certain tax debts which are paid by employees and customers after the insolvency of a
MP’s are backing calls for changes to the current tax regime in a bid to halt the current decline in UK high streets and town centres and allow them to flourish in the future.
Although the government has stated that cuts in corporation tax will ultimately increase revenue, HMRC has argued that it could actually cost the public around £6.2 billion a year.
In November, Britain saw the largest rise in overall real wages since September 2016, rising the spending power of the average British worker to the highest it has been in two years.
For the sixth year in a row, sales have fallen on Britain’s high streets in December.
UK growth is stagnating as a result of heightened Brexit uncertainty and other economic pressures, the British Chambers of Commerce (BCC) has warned.
The latest figures from the Office for National Statistics (ONS) have shown that retail sales have increased at a much faster rate than anticipated.
According to the latest figures from the Office for National Statistics (ONS), wages rose at the fastest pace in nearly a decade in the three months to September.
The Government has proposed new measures to tackle the issue of late payments to small businesses by larger companies who abuse their position in the market.