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Pound drops as borrowing costs rise
The pound fell 0.9% to $1.226 on Thursday as concerns over the UK’s public finances mounted. This came after 10-year Government borrowing costs soared to their highest level since the 2008 financial crisis. Economists have warned that these rising costs could pressure the Government to raise taxes or cut spending to meet borrowing targets. On […]NI hike to raise employer costs by 60%
Businesses face tax and wage hikes from next tax year.New HMRC scheme targets excessive R&D tax claims
Voluntary disclosure can mitigate penalties for excessive R&D claims.Over 90k self assessment tax returns filed over Christmas
HMRC urges those who have yet to file to submit on time.Employers to pay 60% more in NICs
Higher NICs and increased minimum wage add to rising costs.HMRC launches R&D tax disclosure scheme
HMRC opens new scheme for excess R&D claims.Charitable donations through wills hit £2.1bn in 2024
More estates donated to reduce inheritance tax burden.Businesses expected to grow in the new year
Surveys reveal optimism, but retail and hiring concerns linger.High street shopping sees rise in spending
High street retailers see a boost over online shopping.Record tax rise due to CGT surge
CGT, inheritance tax, and SDLT hit record highs.