Philip Hammond

Will there be coronavirus help for small company directors who are paid by dividend?

The financial plight of limited company directors has been raised by the Tory chairman of the Treasury select committee. Mel Stride, a former Treasury minister, said chancellor Rishi Sunak needs to view company directors as a tranche of people who have ‘slipped through the net’ of all the other largesse…

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Autumn Budget 2018: Business rates cut for SMEs and new digital services tax

Chancellor Philip Hammond has confirmed plans to give smaller retailers a 33 percent cut to business rates and introduced a new digital services tax for companies with at least £500m in global revenue. The reduction in rates will take place over the next two years and is expected to save…

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UK Treasury rejects retailers’ business rates reform calls

The UK Treasury has today rejected calls from retailers who say business rates should be reformed to create a level playing field with online retailers. During a meeting of parliament’s Treasury Select Committee, chancellor Philip Hammond said reforming international corporation tax was a higher priority for the government, adding that…

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Inflation drops for the first time in 6 months

The inflation rate saw a slight dip in December, falling to 3%, according to figures released by the Office of National Statistics (ONS). The level of inflation, according to Consumer Price Index (CPI), was less than November’s rate of 3.1%, which was at its highest for six years. The high…

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Inflation rises to its highest level for six years

Inflation rose to 3.1 percent in the month of November, figures from the Office of National Statistics (ONS) has revealed. According to the Consumer Prices Index (CPI), this was up from the three percent level seen in October, and is its highest level since March 2012. More expensive recreational goods…

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Budget a ‘disaster’ for pet stores, says new PIF Chair

The newly appointed chair of the Pet Industry Federation (PIF) has spoken out against the recent budget, calling it a ‘disaster’ for small high street pet stores. Referring to the announcement last week by the Chancellor, Philip Hammond, that business rates would not be reduced for small businesses, Steve Fowler,…

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Government unveils £300m business rate relief fund

[author title=”Tom Davis” image=”http://”][/author]The government has helped soften the blow of April’s business rate revaluation with a £300m relief fund for local councils. The announcement was made by chancellor Philip Hammond at today’s Spring Budget, in which he said business rates raise £25bn each year – all of which, by…

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Budget announced: Self employed face insurance hike

Self employed workers will face an increase in National Insurance contributions, the Chancellor Philip Hammond has announced. ‘The self-employed were the biggest losers’, according to IPSE, an organisation representing self-employed and professional freelancers and contractors. There will be a 2 percent increase for self-empoloyed National Insurance Contributions by 2018, and the…

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New government cyber security centre opens

A new cyber security centre has been officially opened by Her Majesty The Queen today. The government’s National Cyber Security Centre (NCSC) will use the new London office as its operational nerve centre in a bid to stop the growing threat of online attacks. His Royal Highness The Duke of Edinburgh…

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