Food sales drop hits the retail sector
Recently released figures show that British food retailers suffered weaker sales last month, with poor weather being cited as a major contributing factor.Continue reading
HMRC scrutinises cross-border transactions in a bid to gain more tax
HMRC is going to greater lengths to look into mid-tier and large businesses’ tax affairs, with a particular focus on intra-group payments.Continue reading
Sterling falls against the dollar and euro following ‘Super Thursday’
The value of the British pound fell against the dollar and euro yesterday, following widespread surprise that only one Monetary Policy Committee (MPC) member at the Bank of England voted for a base rate rise.Continue reading
UK’s new ‘Super Thursday’ to change the way economic data is released
From today, the Bank of England’s monthly rate decision will be released alongside minutes taken from the Bank’s Monetary Policy Committee (MPC) meeting, meaning that the usual fortnightly gap between the two has come to an end.Continue reading
National Institute of Economic and Social Research: Britain’s economy likely to ‘slowdown’
The latest growth estimate for the UK, released by the National Institute of Economic and Social Research (NIESR), indicates that the economy is likely to grow at a rate of 0.4 per cent.Continue reading
Skipton Building Society and the Post Office give savers higher rates
Competition in the savings market is increasing as two big high street names – Skipton and the Post Office – are now offering a 1.4 per cent interest rate (before tax) for online easy-access accounts.Continue reading
TUC argues that UK’s economic recovery is at the slowest pace in recorded history
The Trade Union Congress (TUC) has concluded that recovery in the UK economy is happening at a slower rate than after any of the nation’s previous eight worst recessions, which date back to 1830, following analysis of statistics produced by the Government.Continue reading
Santander makes more profit in the UK than any other market
Over a fifth of Santander’s profits for the first half of 2015 were generated through its UK operations.Continue reading
Non-profit organisations urging for bigger tax breaks
An award winning social entrepreneur has pressed the importance of giving non-profit organisations wider tax exemptions to help their finances.Continue reading
UK economic growth rises to 0.7% in second quarter
The Office for National Statistics (ONS) has reported that the UK’s economy has risen to 0.7% growth, bringing the country back to its pre-recession peak.Continue reading
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