UK’s economic growth for 2014 was better than estimated

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.

Read more...

Make the most of your 2014/15 tax allowances by the 5th April

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.

Read more...

British Business Bank boosts lending to SMEs

As the UK government is working to respond to small business concerns over late payments, policymakers are also tackling another SME issue: lending.

Read more...

PM promises there will be no VAT increase if Tories are in power

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.

Read more...

Red tape and bullying from big firms continue to affect SMEs

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.

Read more...

The first £1,000 of peer-to-peer earnings will be tax free

Following the announcement of the 2015 Budget, the new tax-free savings allowance will also apply to peer-to-peer lending and earnings.

Read more...

Open Europe thinktank tells UKIP that EU departure would cost UK economy £56bn

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

Read more...

A confident start to 2015 for small businesses, according to the FSB

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.

Read more...

The 2015 Budget and how it affects the UK

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.

Read more...

Annual tax forms to be replaced with digital accounts.

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.

Read more...