Spring Budget

Chancellor cuts NI by a further 2p as part of Spring Budget

Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April, as part of his Spring Budget for “long-term growth”. The reduction in National Insurance is expected to save the average worker £450 a year, or £350 for those who are…

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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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Sunak looks to raise corporation tax in March budget

Chancellor Rishi Sunak is reportedly looking to raise corporation tax in the upcoming March budget to pay off the estimated £400bn borrowed by the UK throughout the pandemic. According to The Financial Times, the alleged move has sparked uproar among business owners who claim they are still struggling with the economic impact of Covid-19. However, it…

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Small firms ‘squeezed’ by inflationary pressure, says FSB

The Consumer Prices Index (CPI) remains above the Government’s 2 percent target. The CPI is a measure that examines the weighted average of prices of a basket of consumer goods and services. Its 12-month rate rose to 2.9 percent in May 2017, up from 2.7 percent in April, reported the Office for…

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Relief for self-employed following NIC U-turn

Self-employed Brits will not face a hike on Class 4 National Insurance Contributions (NICs) as the Chancellor makes a U-turn. It was announced in the Spring Budget 2017 that the self-employed would be asked to contribute more National Insurance. Mike Cherry, FSB national chairman, said:“We are delighted for our members and all…

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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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FSB calls for a pro-business Budget to boost jobs

The Federation of Small Businesses (FSB) has called for a pro-business Budget that boosts jobs and long-term growth. The Federations claims that the Chancellor should use the Budget to show he backs British businesses to improve job creation and drive productivity across the nations and regions of the UK. While small…

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FSB calls for a pro-business Budget to boost jobs

The Federation of Small Businesses (FSB) has called for a pro-business Budget that boosts jobs and long-term growth. The Federations claims that the Chancellor should use the Budget to show he backs British businesses to improve job creation and drive productivity across the nations and regions of the UK. While small…

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