Apr 22, 2024 | Current Affairs
Resolution Foundation, a leading think tank, has cautioned that sustained high interest rates could significantly increase the cost of the UK's shift to renewable energy, potentially adding £29 billion annually to household energy bills by 2050. These higher costs are...
Apr 18, 2024 | Current Affairs
The UK job market appears to be weakening as the unemployment rate rose to 4.2% between December and February, marking the highest level in six months, according to the Office for National Statistics (ONS). This increase from the previous rate of 3.9% in January...
Apr 17, 2024 | Current Affairs
UK inflation fell to 3.2% in the year to March, the lowest rate in over two years, down from 3.4% in February, as per the Office for National Statistics (ONS) While inflation has been on a downward trajectory since peaking at 11.1% in late 2022, prices are still...
Apr 16, 2024 | Current AffairsPersonal Tax
In February, 2.9 million people tried to reach HMRC by phone, down from 3.6m in January during the busy self-assessment period. Despite this decrease, only 1.3m callers managed to speak with an adviser, and 656,622 calls were abandoned. Automated systems handled...
Apr 15, 2024 | Current Affairs
HMRC has announced that the official rate of interest (ORI) for director's loans will remain at 2.25% for the 2024/25 tax year, despite the base interest rate being considerably higher at 5.25%. This marks the second consecutive year that the ORI has been set at this...
