Economy

BoE hikes rates to 1.75%, warns UK to enter recession until 2024

The Bank of England (BoE) has raised interest rates from 1.25% to 1.75%, marking the biggest rise in rates since…

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BoE raises interest rates to 1.25%

The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its…

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Sunak looks to raise corporation tax in March budget

Chancellor Rishi Sunak is reportedly looking to raise corporation tax in the upcoming March budget to pay off the estimated £400bn borrowed by the…

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FRC revises actuarial standard for funeral plan trusts

The Financial Reporting Council (FRC) has issued a revision to its Technical Actuarial Standard for work supporting funeral plan trusts…

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Chancellor mulls VAT cut and could follow up with autumn tax rises

Chancellor Rishi Sunak is reportedly considering cutting VAT in order to help stimulate the economy but could follow the move…

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Yorkshire council suspends funeral services amid coronavirus crisis

Three Yorkshire councils have been forced to suspend all new funeral services amid the Covid-19 virus crisis. Kirklees Council has…

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PHE offers advice for safe funerals after discussions with faith leaders

Public Health England has published new guidance to ensure funerals are conducted safely after consulting with faith leaders. The new…

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Chancellor unveils new measures to SME loan scheme

Chancellor of the exchequer Rishi Sunak has unveiled a major overhaul to his previously announced SME loan scheme. Initially, the…

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Chancellor set to announce overhaul to SME loan scheme

Chancellor Rishi Sunak is reportedly set to announce an overhaul to the SME loan scheme that will allow companies to…

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Government relaxes insolvency rules

The government has announced a set of changes to help improve the insolvency system to enable companies undergoing restructuring to…

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