Jun 23, 2023 | Current Affairs
The Bank of England (BoE) has raised the base interest rate from 4.5% to 5%, a steeper increase than most forecasters expected. In a meeting on Thursday (23 June), the Bank's Monetary Policy Committee voted to raise the rate by a majority of seven to two, marking the...
Jun 22, 2023 | Current Affairs
Annual inflation remained at 8.7% in May - the same as in April - according to latest statistics from the Office for National Statistics (ONS). Rising prices for air travel, second-hand vehicles and video games contributed to the unexpected inflation rate. However,...
Jun 8, 2023 | Business RegulationCurrent Affairs
The Federation of Small Businesses (FSB) is calling on the Government to support smaller tourism firms this summer to help boost the economy. Ahead of what the FSB considers to be a possible ‘staycation boom', the group has released a list of recommendations with...
Jun 5, 2023 | Current Affairs
The newly-appointed president of the Chartered Institute of Taxation (CIOT) is urging ministers to fully resource HMRC to improve service levels to taxpayers and advisers. Gary Ashford suggested during his inaugural speech as president that HMRC staff levels are too...
May 31, 2023 | Current Affairs
Lenders have withdrawn nearly 800 fixed-rate mortgage deals over the last week, according to new data from financial experts Moneyfacts. The data shows that lenders are more cautious to offer mortgages due to uncertainty over future interest hikes. Despite inflation...
