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Chancellor resists calls for business relief in Spring Statement

Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming tax changes this April, as part of her Spring Statement today (26 March). UK businesses had been hopeful the chancellor would raise the relief rate for retail, hospitality, and leisure after cutting it to 40% in…

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Chancellor freezes tax thresholds in Autumn statement

Chancellor Jeremy Hunt has announced a raft of measures to help “stabilise” the UK economy and reduce inflation, with tax cuts and spending cuts totalling £55bn in the Autumn statement. As part of the new measures, Hunt confirmed that tax as a percentage of GDP will rise by over 1%…

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Kickstart schemes: injecting fresh talent into hospitality

Why is any talent scheme advantageous to a firm in the sector? Programmes such as the Kickstart scheme allow businesses to take on young, adaptable and enthusiastic talent who are willing to learn and progress. Taking on young people can breathe new life into a business, and they can bring…

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Chancellor unveils 50% rates discount for Retail, Hospitality and Leisure

Chancellor Rishi Sunak has unveiled a 50% discount on business rates for the hospitality, retail and leisure sectors (up to £110,000), equating to a business tax cut worth £1.7bn, the biggest single-year rates cut for firms in over 30 years. Unveiling his latest Budget in the Commons today (27 October),…

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Budget 2021: Chancellor unveils new £65bn support package

Chancellor Rishi Sunak has outlined a new £65bn support package in his March budget, confirming the decision to extend the furlough scheme until the end of September as well as new loan schemes of up to £10m for businesses. In what is Sunak’s second budget since he joined office in…

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Sunak to extend furlough scheme until September

Chancellor Rishi Sunak is expected to extend the furlough scheme until September as part of his March Budget which will be announced today (3 March).  According to The Times, Sunak will state that the country is in a “moment of crisis” as he extends furlough for another five months, taking…

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Domino’s Pizza to make 5,000 new hires

Domino’s Pizza has announced that it will make 5,000 new hires after the takeaway chain saw sales increase 5.5% during the first quarter of 2020.  Up to 1,000 of these new jobs will be apprenticeship positions under the Government’s new Kickstart scheme.  The scheme allows for employers to create new…

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Chancellor cuts hospitality VAT to 5%

Chancellor Rishi Sunak has unveiled a new scheme to pay companies £1,000 bonus per employee for those they keep on until January on part pay. Sunak said if employers bring back all nine million people who have been furloughed, this will be a “£9bn policy to retain people in work”.…

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Will there be coronavirus help for small company directors who are paid by dividend?

The financial plight of limited company directors has been raised by the Tory chairman of the Treasury select committee. Mel Stride, a former Treasury minister, said chancellor Rishi Sunak needs to view company directors as a tranche of people who have ‘slipped through the net’ of all the other largesse…

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11.7 million people at risk of furlough or unemployment over coming months

Almost 11.7 million people could be furloughed or unemployed in the coming months, according to new research from independent think tank Resolution Foundation (RF). The group said that although the UK Government’s Job Retention Scheme (JRS) will “substantially limit” the growth of unemployment, it added the “evidence is clear” that…

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