On Wednesday, 6th March 2024, Chancellor of the Exchequer Jeremy Hunt delivered his spring statement to parliament. The measures announced aim to “give much-needed hope in challenging times” and provide “more opportunity, more prosperity and more funding for (our) precious public services.” Economic Forecast Detailed in the Spring Statement, the latest economic outlook from the […]
Main Takeaways From Spring Statement 2024 Read More »
On Wednesday, 22nd November 2023, Chancellor of the Exchequer Jeremy Hunt delivered his Autumn Statement to confirm the government’s spending plans for the year ahead. The announced measures are designed to “raise business investment, get more people into work, reduce inflation next year and increase GDP,” according to Hunt. Additionally, the proposals mark “the biggest
Chancellor Outlines Measures to Boost Economic Growth Read More »
UK inflation has fallen to its lowest level since March 2022, according to data released by the Office for National Statistics (ONS). Specifically, the Consumer Prices Index rose by 7.9% in the 12 months to June 2023, down from 8.7% in May and significantly lower than October 2022’s peak of 11.1%. The easing of
Inflation Falls to Lowest Level in More Than a Year Read More »
On Thursday, 17th November, Chancellor of the Exchequer Jeremy Hunt delivered his Autumn Statement in a speech to the House of Commons. His statement comes at a time of significant economic challenge for the UK. A range of factors – including high inflation and steep borrowing costs – have contributed to a considerable gap between
Recap of the Autumn Statement 2022 Read More »
The Civil Liability Act finally went into effect 31 May 2021. The Changes The Civil Liability Act is intended to discourage fraudulent or exaggerated personal injury claims, which can lead to rising premiums. The government hopes to achieve this goal by: Reducing compensation for claims involving soft tissue injuries, such as those caused by whiplash
How the Civil Liability Act will affect Personal Injury Claims Read More »
Employers’ Liability Insurance The majority of employers in the UK are required to purchase employers’ liability insurance to cover against liability for injury or disease to their employees arising from employment. England, Scotland and Wales Employers’ Liability (Compulsory Insurance) Act 1969 Northern Ireland Employer’s Liability (Defective Equipment and Compulsory Insurance)(Northern
Employers’ Liability Guide Read More »
In an attempt to reduce fraud in the construction industry, there have been radical changes implemented by HMRC that impose rules on the companies that are targeted by the new laws that are very different from how VAT has been collected and reported historically. The onus is now on the customer to pay the VAT
Check when you must use the VAT reverse charge for building and construction services Read More »
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