News

Inflation hits highest level in a decade at 4.2% as fuel and energy bills soar The inflation rate has hit its highest level for almost a decade as prices rise across the UK economy, with fuel and energy costs leading the way. Reports showed a jump [...]

Bank of England hints at future interest rate rise The Bank of England has signalled it will raise interest rates in "coming months" in response to high inflation, but held off on an immediate increase. On Thursday 04th November 2021 a vote was held by the [...]

UK contactless card limit more than doubles to £100 People in the UK using contactless cards can now spend up to £100 a time, after the limit on payments more than doubled on Friday 15 October 2021. Originally the cap was increased to £45 at the [...]

PM set to raise National Living Wage to £9.42 an hour Boris Johnson is expected to increase the National Living Wage to £9.42 an hour – but some small firms may struggle to cover the cost. The rise will be introduced as part of the government’s [...]

(slight) Reprieve for self-employed having to report tax quarterly Making Tax Digital for Income Tax has caused concerns for Accountants, the self-employed and small business owners. The main concerns are the increase in admin and costs that would have on put even more pressure on the [...]