Businesses issue lukewarm election response

Business groups have called for clarity and direction, following the Conservatives' resounding general election victory. Prime Minister Boris Johnson secured a 78-seat majority in the 12 December 2019 election. And business leaders have cautiously welcomed the clear...

Main parties pledge February Budget

Both the Conservatives and Labour intend to hold a Budget within 100 days of forming a new government after today's general election. Setting out plans on 4 December for the eventuality of a Conservative victory, Prime Minister Boris Johnson promised "a post-Brexit...

Quarter of SMEs expect to go bust by 2024

A quarter of small business owners in the UK believe their business will fold in the next five years, research from Xero has claimed. Late payments (54%), tax rates (44%) and cyber-attacks (27%) were some of the biggest concerns among the 500 owner-managers polled....

Javid hints at review into IR35 extension

The planned extension of off-payroll rules to the private sector will be included in a review into how the Conservatives could better support the self-employed. The admission by former chancellor Sajid Javid potentially increases the prospect of the tax measure being...

Conservatives promise to freeze main tax rates

The rates of income tax, national insurance and VAT will all be frozen in 2020/21, if Boris Johnson's Conservative Party forms the next government. Ahead of the general election on Thursday 12 December 2019, the Tories were the last of the major parties to reveal...