Service Sector Growth Slows But Economy Is Picking Up Speed
Growth in the UK’s service sector, which accounts for more than 75 per cent of GDP, slowed unexpectedly in January but activity is still strong and the indications are that the economy is picking up speed for the first quarter of 2014.Continue reading
Taxman Tightens The Screws
New figures suggest that HM Revenue & Customs (HMRC) is stepping up its efforts to increase its tax take from businesses and individuals, with the 2013 haul being £19.5bn more than the year before.Continue reading
Business Confidence At Record High
According to a regular survey conducted by the Institute of Chartered Accountants in England and Wales (ICAEW), business confidence in the UK is at its highest since the survey began 10 years ago.Continue reading
Today’s The Day – Self-Assessment Tax
Midnight on January 31 is the deadline for people to fill in their Self-Assessment tax returns online but around 1.5 million people in the UK have still not done so. Continue reading
Lucky 13 For House Prices
The price of housing rose by 0.7 per cent in January, the 13th consecutive monthly increase, and prices were also up 8.8 per cent year-on-year, taking the average price of a house in the UK to £176,491. Continue reading
Calls For UK Small Business Administration
A number of groups have called on the Government to set up a Small Business Administration (SBA), similar to the US model in a bid to form a long-term strategy to help small firms.Continue reading
Economy Grows At Fastest Rate Since Before Financial Crisis
According to the latest figures from the Office for National Statistics (ONS), the UK economy grew by 0.7 per cent in the last quarter of 2013, bringing the annual growth rate to 1.9 per cent, the fastest rate of growth since 2007.Continue reading
Red Tape For SMEs To Be Cut
The Prime Minister, David Cameron, has pledged today (January 27) that thousands of rules affecting small and medium-sized enterprises (SMEs) are to be scrapped or amended.Continue reading
Self-Employment On The Rise
According to figures published this week by the Office for National Statistics (ONS), the number of people becoming self-employed is rising sharply, with nearly 150,000 individuals starting up as their own boss towards the end of 2013.Continue reading
Unemployment Rate Almost Reaches Bank’s Rate Raising Marker
The rate of unemployment in the UK fell to 7.1 per cent yesterday (January 22), almost reaching the level at which the Bank of England said it would consider raising interest rates.Continue reading
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