3 red flags for a workplace with a bad culture November 17, 2022 We hear a lot about culture at work these days. It’s a slightly hard-to-grasp term that can mean a number of things, from how well a company’s people are treated to its policies around diversity and inclusion, but essentially, culture is the company’s core values, traditions, attitudes, behaviours, and beliefs which are shared and upheld [...]
Hunt targets highest earners in tax grab as chancellor raises £55bn November 17, 2022 The UK’s highest earners have been targeted as a part of Jeremy Hunt’s tax grab, with the top 45p threshold of Income Tax slashed. The top tax bracket has been reduced from £150,000 to £125,140, while he has also frozen the Income Tax thresholds for the two lower brackets in a stealth hike. Hunt announced [...]
Fuller’s boosted by commuters returning to London as gov offers ‘close to zero support’ for pubs November 17, 2022 The government has not issued any “meaningful support” for the pub sector, the boss of Fuller, Smith & Turner, told CityA.M., following the autumn budget. Although the country now had a “very strong” Prime Minister and “very solid” Chancellor in place, the pub sector had been offered “close to zero support” amid a worsening economic [...]
OBR: UK is already in recession and taxes on course for post World War II high November 17, 2022 The UK is already in a recession that will burn a huge hole in the public finances, forcing the government to hike taxes to their highest level since just after the Second World War in the 1940s, the country’s fiscal watchdog warned today in forecasts published alongside Jeremy Hunt’s autumn statement. The Office for Budget [...]
Nissan ‘concerned’ about Government’s introduction of EV road tax November 17, 2022 EV powerhouse Nissan is “concerned” about the government’s decision to introduce a vehicle excise duty for electric car owners from 2025. “While we are pleased to see a growing EV market in the UK, we’re concerned about the effect that withdrawing this customer incentive could have on the electric car market, just as it is [...]
Startups hit by R&D tax relief cut despite push for growth November 17, 2022 The Chancellor has cut the rate of research and development (R&D) tax relief for small businesses, in a “hugely disappointing” move for startups. In his Autumn budget, Jeremy Hunt slashed the relief from 14.5 per cent to 10 per cent, which may see the UK’s SMEs struggle to secure enough funding for R&D, according to [...]
Government commits £6bn for energy efficiency drive to ease record bills November 17, 2022 The Government has committed further funding for a nationwide drive to boost the energy efficiency of people's homes.
Online sales tax gets canned for its ‘complexity’ November 17, 2022 Jeremy Hunt has scrapped the online sales tax, moving away from plans to better support the high street. Following a consultation, the Chancellor decided to dump the tax, reflecting the concerns about the complexity of the move, as well as “creating unintended distortion or unfair outcomes between different business models”. The levy was designed to [...]
Hospitality leaders warn of ‘severe contraction’ as Budget does little to alleviate closure concerns November 17, 2022 High street industry leaders have issued bleak warnings for this winter following the Chancellor’s Budget, forecasting a wave of closures and stark price hikes for punters. The OBR predicted that real household disposable income per person would plunge more than seven per cent over next two years, marking the biggest drop on record. While businesses [...]
Hunt hits renewables with levy and boosts windfall tax in £30bn-plus tax hike November 17, 2022 Hunt has announced a £14bn tax grab on domestic energy producers, bringing renewables into the toughened regime for the first time.