Industry News

ONS data reveals gender pay gap has fallen to its ‘lowest level yet’

Data published by the Office for National Statistics (ONS) has revealed that the gender pay gap has fallen to its ‘lowest level yet’. The statistics showed that, in the year to April 2018, the gender pay gap for full-time employees fell to 8.6%, from its previous figure of 9.1%. However, experts have warned that the […]


Hammond delivers pre-Brexit Budget

Chancellor Philip Hammond has delivered his second Autumn Budget, exactly five months before Britain is due to leave the European Union. The Chancellor was in bullish mood, asserting that the era of austerity is ‘finally coming to an end’ after a ‘long, hard journey’. However, he maintained that UK debt remains too high and highlighted […]


2018 Autumn Budget – the business reaction

Business groups have responded to Chancellor Philip Hammond’s Autumn Budget speech. The Federation of Small Businesses (FSB) has welcomed the measures outlined in the Budget, extolling the £900 million in business rates support for small high street businesses, and praising the two-year freeze of the current VAT threshold. Mike Cherry, FSB National Chairman, stated: ‘This […]


2018 Autumn Budget – the political reaction

Addressing the House of Commons, Chancellor Philip Hammond stated that the 2018 Autumn Budget was one ‘for Britain’s future’, highlighting how ‘the perseverance of the British people’ is finally paying off. However, Labour Party leader Jeremy Corbyn labelled the Budget as a ‘broken promise Budget’, full of ‘half measures and quick fixes’. He added: ‘And […]


2018 Autumn Budget – the economic picture

Within his Autumn Budget speech, Chancellor Philip Hammond reported that ‘the era of austerity is finally coming to an end’, unveiling higher growth forecasts and lower-than-anticipated borrowing. In its report prepared for the Budget, the Office for Budget Responsibility (OBR) revised its growth forecasts for the UK economy up from 1.3% to 1.6% for 2019; […]


FSB urges Chancellor to use Budget to ‘reduce cost burdens for small businesses’

The Federation of Small Businesses (FSB) has urged Chancellor Philip Hammond to use the upcoming Budget to ‘reduce cost burdens for small businesses’. Within its Budget wishlist, the FSB has proposed the creation of a £1,000 ‘business rates discount’ for small shops, cafes and pubs, in order to help them to continue trading. It has […]


HMRC launches second MTD for VAT pilot

HMRC has launched a second pilot scheme for Making Tax Digital for VAT (MTD for VAT). The Revenue has invited more than half a million UK businesses to test the system, ahead of the introduction of MTD for VAT on 1 April 2019. From this time, firms with a taxable turnover above the VAT registration […]