Inflation

BoE raises interest rates to 4.25%

The Bank of England (BoE) has announced that interest rates will be raised by 0.25% to 4.25%, the highest rate in almost 15 years, following an unexpected rise in inflation last month.  The move marks the 11th consecutive increase from the BoE and follows the jump in inflation to 10.4%…

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Spring Budget: Corporation tax to rise to 25%

Corporation tax is set to rise from 19% to 25% for firms with profits over £250,000, as part of a number of measures announced in chancellor Jeremy Hunt’s Spring Budget. To help offset the corporation tax rise, Hunt also announced a provision of £9bn of “full capital expensing” which for…

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BoE raises interest rates to 4%

The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of interest to 4%, the highest level in 14 years. The increase, which is the tenth consecutive increase, was decided after the bank’s Monetary Policy Committee (MPC) voted by a majority…

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Pets at Home raises profit outlook

Pet retailer Pets at Home has raised its profit outlook after record Q3 consumer revenues, for the 12 weeks ended 5 January 2023. Its consumer revenues rose 9% year on year boosted by a record number of consumers. Consumer revenues were also up 30% compared to pre-pandemic levels. The company…

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Jollyes unveils £600 cost of living payment for staff

Jollyes has announced that it is providing colleagues with a payment of £600 to help support them through the cost of living crisis, with over 900 Jollyes staff members set to benefit. The support, combined with enhanced staff discounts, is being made to thank staff for their work during a…

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Tis the season to be Jollyes: The pet retailer on the rise

Sum up how happy you are with the company’s 2022? Fundamentally, I’m absolutely delighted. We set out on a journey of opening new stores and acquiring other more mature pet businesses in the last year, and whilst whilst we have benefited from the the underlying boost in pet ownership in…

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Bank of England raises interest rates by 0.5% to 3.5%

The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of interest to 3.5%, the highest level in 14 years.  At a meeting held on 14 December 2022, the Bank’s MPC voted by a majority of 6-3 to increase rates by…

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Chancellor freezes tax thresholds in Autumn statement 

Chancellor Jeremy Hunt has announced a raft of measures to help “stabilise” the UK economy and reduce inflation, with tax cuts and spending cuts totalling £55bn in the Autumn statement.  As part of the new measures, Hunt confirmed that tax as a percentage of GDP will rise by over 1%…

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Chancellor announces sweeping tax cuts in first mini-budget

Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a £60bn energy support package as part of the new government’s first mini-budget. Setting out his aims for economic growth, Kwarteng said that he wants the economy to increase by 2.5% annually in the medium-term, through…

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BoE raises interest rates to 2.25%

The Bank of England has today (22 September) announced that interest rates will be raised by 0.5%, with rates rising from 1.75% to 2.25%. The latest announcement from the Monetary Policy Committee (MPC) comes as inflation remains at record highs for the UK, and marks the seventh consecutive rise in…

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