Business News Enfield : Singletree Accountants

Business News

This section contains the latest business news stories.

Public contract bids disappearing into a black hole, say small firms

Small firms are being shut out of billions in public contracts as bids disappear into a 'black hole' of unanswered feedback and red tape, the Federation of Small Businesses (FSB) warns.

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Interest rates cut to 3.75%

The Bank of England has cut interest rates from 4% to 3.75%, bringing the cost of borrowing down to its lowest level in nearly three years.

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UK Treasury to regulate cryptocurrency under new legislation

The UK will bring cryptocurrencies, including Bitcoin, into a regulatory framework, with legislation due by 2027.

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UK inflation falls to 3.2% in November

UK inflation fell by more than expected in November amid a slowdown in food prices, according to the latest data from the Office for National Statistics (ONS).

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Weaknesses holding UK economy back, CBI warns

The latest economic forecast from the Confederation of British Industry (CBI) has warned that 'underlying weaknesses' are holding the UK economy back.

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Budget unlikely to be growth game changer

The Autumn Budget is unlikely to kickstart the UK economy, with the nation's growth outlook remaining subdued, according to research from the British Chambers of Commerce (BCC).

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HMRC offers time to help pay self assessment tax bills

HMRC is offering self assessment taxpayers a reminder that help is available to manage their tax bill.

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£725 million package unveiled to support apprenticeships

The government recently unveiled a £725 million package aimed at supporting apprenticeships and combating youth unemployment.

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Covid fraud cost UK taxpayers £10.9 billion

Taxpayers lost £10.9 billion to fraud and error as the UK government's pandemic response 'left the front door open to fraud', an independent report has revealed.

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Most sole traders are not ready for MTD changes

The majority of sole traders do not have a clear understanding of Making Tax Digital for Income Tax (MTD for IT), according to research from the Association of Independent Professionals and the Self-Employed (IPSE).

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Firms reducing headcount at 'fastest pace since pandemic'

Firms reducing headcount at 'fastest pace since pandemic'

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E-invoicing will be fundamental change for VAT-registered businesses

The mandatory introduction of e-invoicing for all VAT-registered businesses selling to UK business customers from April 2029 will be a fundamental change, says the Chartered Institute of Taxation (CIOT).

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Still time to start self assessment returns, says HMRC

Although there are less than two months until the self assessment deadline there is still time to start an accurate return, says HMRC.

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Spending cuts and tax rises to serve as headwinds to economy

A report published by the Organisation for Economic Co-operation and Development (OECD) has suggested that tax rises and spending cuts announced by Chancellor Rachel Reeves will serve as headwinds to the UK economy.

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