Mar 3, 2025 | Current Affairs
Business activity across the UK private sector has fallen again, with weak consumer spending weighing on companies. The latest growth indicator from the Confederation of British Industry (CBI) shows that private sector activity declined faster in the three months to...
Feb 28, 2025 | Current Affairs
House prices rose for the sixth month in February despite concerns over a sluggish economy. According to Nationwide, Britain’s largest building society, the average house price increased by 0.4% during the month, up from 0.1% in January. This brought the average UK...
Feb 25, 2025 | Current Affairs
Many electric vehicle (EV) owners are unaware that road tax charges will rise from April 2025, with some facing annual costs of up to £600. A survey of 2,000 UK car owners by used car retailer Motorpoint found that 83% of EV drivers did not know they would soon need...
Feb 21, 2025 | Current Affairs
According to RSM’s freedom of information request, the amount paid in late payment interest to HMRC has more than tripled since 2021, reaching £409.4 million in 2024. In 2021, taxpayers paid £131.9m in late interest, but as HMRC’s interest rate peaked at...
Feb 20, 2025 | Current Affairs
HMRC’s latest performance report has shown improved call wait times thanks to increased staffing. In April 2024, just over half of callers reached an adviser, reaching 85% by December. However, 15% of taxpayers still couldn’t get through. December saw 1.86 million...
