Newly released official figures show that the UK economy grew by 0.6 per cent during the last three months of 2014, at a higher rate than previous estimates indicated.
Only four working days remain until the new tax year begins, so individuals are being urged to make the most of their tax allowances for 2014/15.
As the UK government is working to respond to small business concerns over late payments, policymakers are also tackling another SME issue: lending.
In a move that surprised the other political parties, Prime Minister David Cameron announced that there will be no rise in VAT if the Conservatives are re-elected.
A poll by the Forum of Private Business (FPB) has said the growth of UK SMEs is being undermined by spiralling costs of doing business, suffocating red tape and bullying tactics from big companies.
Following the announcement of the 2015 Budget, the new tax-free savings allowance will also apply to peer-to-peer lending and earnings.
A leading thinktank – Open Europe – has delivered a warning to the UK Independence Party (UKIP), stating that Britain could lose 2.23 per cent of its GDP by 2030 (approximately £56bn) if it leaves the EU and the attached
Small businesses have had a confident start to 2015, according to the first quarter results from the Federation of Small Businesses’ (FSB) Small Business Index.
Chancellor George Osborne’s sixth and final Budget of this Parliament highlighted Britain’s impressive growth following the recession, as well as the rise in employment and falling debt.
The end of the annual tax form will be announced by George Osborne today as he promises to bring in digital tax accounts for all individuals and small businesses.