The government is reportedly considering changes to salary sacrifice schemes for pensions and benefits in kind, as pressure mounts to address the growing fiscal deficit. Recent surveys commissioned by HM
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The British taxpayer is set to provide critical support to Nissan, the struggling Japanese car manufacturer, with a £1 billion loan guarantee through UK Export Finance (UKEF). This financial backing
Taxpayer funding for the nationalised British steelmaker, Sheffield Forgemasters, has exceeded £400 million, as confirmed by the Ministry of Defence (MoD). This funding, intended to be distributed over a ten-year
Chancellor Rachel Reeves’ ambitious fiscal policies could see her forced into raising taxes or cutting public spending by up to £60 billion before the next general election, according to leading
In a significant shift in fiscal policy Chancellor Rachel Reeves has announced plans that are set to increase the tax burden to unprecedented levels. The proposed changes come in the
More than seven million Britons are now claiming sickness benefits, according to official figures, marking an increase of 1.8 million since 2019. Data shows that one in ten working-age adults
Whistleblowers in the UK could stand to earn significant financial rewards for exposing tax avoidance and fraud under a new scheme outlined by the Treasury. Inspired by similar programmes in
The UK’s business landscape has witnessed a notable contraction, with the number of companies registered at Companies House declining in the final quarter of 2024. For the first time since
In a strategic move to mend strained relations with the farming community, the Labour government has unveiled ambitious plans to transform public sector food procurement. The initiative, spearheaded by Environment
Rachel Reeves’s £9.9bn fiscal buffer has been completely eroded due to sluggish economic growth and rising market interest rates, economists at the National Institute of Economic and Social Research (Niesr)
Britain’s largest building society has issued a stark warning about potential government plans to reduce tax breaks on cash Individual Savings Accounts (Isas), highlighting significant risks to mortgage availability for
Britain’s largest chipmaker has urged the government to establish a more competitive landscape through enhanced tax incentives, bringing the nation in line with global competitors in the semiconductor industry. Pragmatic’s
Tax campaigners and retail leaders are calling on the UK government to close a significant tax loophole that could lead to a surging influx of low-cost goods from online giants
More than 1.1 million British taxpayers have missed the crucial self-assessment tax return deadline, triggering automatic penalties from HM Revenue & Customs (HMRC). The tax authority reports that whilst 11.5
Financial advisers and wealth management leaders have called upon the Treasury to reconsider its approach to applying inheritance tax (IHT) to pension funds, citing significant concerns over potential delays and
Britain is poised to experience economic growth in 2025, yet this recovery may not be robust enough to prevent the Labour government from implementing additional tax hikes before the next
