No Change for the Bank of England Base Rate
Inflation Still a Concern The Monetary Policy Committee (MPC) decided to keep the Bank of England base rate at 4.25% following its latest review on 19 June 2025. Their decision was not a great surprise. While inflation had reduced in the earlier part of the year, the current figures show that inflationary pressures continue to […]
Spending Review June 2025: What It Means for UK Businesses
HM Treasury published the Spending Review on 18 June 2025, highlighting key public spending priorities across health, defence, and—crucially—tax compliance. While not a full multi-year fiscal plan, this review signals HMRC’s growing focus on efficiency and digital transformation. UK businesses must understand how these shifts affect compliance costs and the broader operating environment. Key Announcements Affecting Business […]
Tax Transparency and Digitalisation: HMRC’s Latest Push for Businesses
The landscape of UK tax administration continues its march towards full digitalisation, with HMRC consistently introducing updates aimed at streamlining processes, reducing paper waste, and enhancing efficiency. For UK businesses, this means a continuous need to adapt internal systems and communication channels to remain compliant and avoid missing crucial information. The latest announcements from HMRC […]
What Should You Do If You’re the Victim of a Data Breach
Review of NCSC data breach guidance Media attention has been focused recently on the cyber-attacks affecting high street retailers. If you or your business is a customer of these businesses, you may have received communications alerting you to the fact that your data was included in the breach. If so, you may be wondering what […]
Navigating Global Headwinds: IMF Raises UK Growth Forecast Amid Trade Tensions
While the IMF has slightly upgraded its growth projection for the UK economy to 1.2% in 2025, a nudge up from their previous 1.1% estimate, rising to 1.4% in 2026. However, this positive adjustment comes with a significant caveat: the looming shadow of global trade tensions. Specifically, the IMF highlighted that U.S. tariffs are expected […]
Are you thinking of starting a business?
Free New Business Kit for 2025-26 If you’re considering starting a business, there’s a lot to think about – especially when it comes to finances, tax and compliance. From choosing the right structure (sole trader, partnership or limited company) to registering with HM Revenue and Customs (HMRC), keeping proper records and understanding your tax responsibilities, […]
The Future of Work: Navigating AI, ESG, and Employment Law Shifts
The UK workplace is in a dynamic phase of transformation, driven by technological advancements, evolving societal expectations, and a raft of new regulatory updates. For businesses, staying ahead of these shifts is not merely about compliance but also about fostering a productive, ethical, and resilient workforce. The future points towards increasing integration of Artificial Intelligence […]
What’s Making Employees Angry at Work
Interest Rates Cut, Trade Talks Shift
What It Means for Your Business In recent weeks, the Bank of England have cut interest rates from 4.5% to 4.25% and the government has announced new trade deals with India, the US and the EU. Let’s see what these news items can tell us about the latest developments in the economy. Split opinions At […]
Strengthening UK-EU Trade Relations: A New Era for Businesses
For many UK businesses, particularly those engaged in international trade, the relationship with the European Union remains a critical determinant of success. Recent signals from both sides of the English Channel suggest a potential “reset” in UK-EU relations, aiming to put trade at the forefront of the relationship. This development offers some hope for businesses […]