Dec 20, 2024 | Current Affairs
The Bank of England (BoE) has held interest rates at 4.75%, following a 6:3 vote by the Monetary Policy Committee (MPC). This decision comes as inflation rose for the second consecutive month, reaching 2.6% in November, up from 1.7% in September, exceeding the BoE’s...
Dec 19, 2024 | Current Affairs
According to the latest purchasing managers’ index (PMI) survey, businesses are reducing staff at the fastest rate since the 2008 financial crisis. The survey, monitoring 650 manufacturers and 650 service sector firms, revealed employment levels have fallen this month...
Dec 18, 2024 | Current Affairs
The amount of research and development (R&D) relief paid to small and medium-sized enterprises (SMEs) has fallen since 2021/22. After hitting a high of £4.7 billion in 2021/22, down from £4.2bn in both 2019/20 and 2020/21, it is estimated to drop further to £3.1bn...
Dec 16, 2024 | Current Affairs
The UK economy contracted for the second consecutive month in October, fuelling concerns of a recession under Chancellor Rachel Reeves. GDP fell by 0.1%, mirroring September’s decline. Economists predicted better figures, but a drop in production and construction...
Dec 10, 2024 | Current Affairs
House prices are soaring as buyers rush to secure homes before April’s tax changes. However, stamp duty land tax (SDLT) revenue has plummeted, particularly in residential property sales. Residential SDLT receipts dropped by 27%, from £11.72bn in 2022/23 to £8.57bn in...
