What changes to the pension salary sacrifice scheme could mean for you? Personal Finance A new report from HMRC has raised concerns around changes to the pension salary sacrifice scheme. A report on workplace pensions by HMRC has fuelled speculation around changes to salary sacrifice schemes. The report looked into employers’ behaviours and attitudes on salary sacrifices and looked into how potential reforms to tax reliefs could change these. [...]
Retail shrinks by over 360,000 jobs in a decade Retail The number of retail jobs in the UK has shrunk by more than a tenth since 2015, according to new data. There were 2.76m jobs in retail in March 2025, 360,000 fewer than in 2015, according to the latest report by the ONS. The number of full-time jobs has fallen by 117,000 since 2015, while the number [...]
British businesses celebrated in third year of The King’s Awards for Enterprise: Partner The recipients of The King’s Awards for Enterprise have now been announced, celebrating the achievements of leading businesses from across the UK and Channel Islands and recognising their vital role in growing our economy to improve lives. This year, 197 businesses representing a diverse range of sectors, have been recognised by His Majesty The King [...]
What is a P11D form? What employers need to know ahead of the July 6 deadline May 29, 2025 Employers will need to submit a P11D form if their employees are receiving benefits of any type on top of their salary. Here’s everything you need to know. We’re well into a new tax year, but that does not mean a pause for paperwork. Far from it, especially for employers. As well as having to [...]
Nissan: UK taxpayers to guarantee £1bn loan amid Sunderland plant uncertainty May 28, 2025 The UK taxpayer is to guarantee a £1bn loan to Nissan as part of a major restructuring of the struggling carmaker. The Japanese firm announced plans earlier this month to axe 20,000 jobs globally and shut down seven factories. Confirmation of the restructuring piled uncertainty onto the future of its Sunderland facility, which is the [...]
Why your next car will be grey and your next thought will be too May 22, 2025 The decline of colour in consumer products mirrors a troubling trend in AI, where bias and homogenisation threaten intellectual diversity, societal fairness, and the integrity of human knowledge itself, says Lewis Liu This week we’re getting a new family car. When my wife texted me the website showing color choices, I texted back, “I cannot [...]
Reeves’ taxes push inflation to 3.5 per cent in ‘Awful April’ May 21, 2025 Inflation bounced back up to 3.5 per cent in April, official data has revealed, underlining the cost burden firms are taking on after Chancellor Reeves’ tax hikes on employers and rise to the national living wage came into effect. Consumer price inflation rose by 1.2 per cent on a month-on-month basis, higher than the last [...]
Rachel Reeves’ tax hikes to cost Timpson £12m extra a year May 16, 2025 Chancellor Rachel Reeves’ Autumn Budget tax hikes are set to cost the business empire of fellow government minister Lord James Timpson £12m extra a year, it has been revealed. The Manchester-headquartered group said the increases in employer’s National Insurance contributions and the National Living Wage will eat into its earnings in the years to come. [...]
Starmer’s trade deal triumphs fail to impress UK voters May 13, 2025 With Sir Keir Starmer’s approval ratings languishing below those of both the Reform UK and Conservative leaders, Downing Street would have hoped that signing trade deals with India and the US last week could have turned the dial on the PM’s unpopularity. However, despite the diplomatic coups voters appeared unmoved by Starmer’s success on the world [...]
What a trade deal with India means for the UK May 7, 2025 The UK government is heralding a “new era” for British business: after three years of negotiations, a free trade agreement has been signed with India. This is the third agreement the UK has brokered since Brexit and it is also the biggest of them all, given India is the largest single economy that the UK [...]