Workers in Britain are facing a historic cost-of-living crisis as inflation soars and wages fail to keep up. The Consumer Price Index (CPI) of inflation is at 5.4%, the highest for nearly 30 years, while the Retail Price Index (RPI) which includes housing costs is at 7.5%. Workers and businesses face rising energy bills, housing […]
Making Tax Digital – What Does it Mean for You?
With the 1st April 2022 deadline fast-approaching for all VAT-registered businesses whose taxable turnover is under the £85,000 threshold, we are looking at how the rollout of Making Tax Digital has gone so far and what to expect next. Whether you are a small business owner or accountant, the Making Tax Digital (MTD) initiative is […]
The Restart Grant – What is it and how to apply?
With Covid-19 restrictions beginning to be lifted from next week, as the country eases out of lockdown, lots of businesses are starting to prepare for a safe, and successful reopening of their premises. The new ‘Restart Grant‘, which begins this month, is a support package from the government that is expected to benefit almost 700,000 […]
From COVID pandemic to SCAM epidemic: How to avoid becoming a victim of fraud
The Covid-19 pandemic has seen life change dramatically for most of us. With businesses forced to close, home-learning enforced on students and many of us having to endure working from home – it’s safe to say that Coronavirus has turned the world upside down. But there is one kind of person that has seemingly thrived […]
Furlough success! As fewer firms plan job cuts in 2021
Before even making his Budget announcement last week, Rishi Sunak had already unveiled plans to further extend the furlough scheme until September. This will come as a huge relief to lots of businesses who might have had to let members of staff go had the scheme ended as was planned in April. This important news […]
Budget 2021: The Chancellor’s announcement in a nutshell
As Rishi Sunak stepped up to announce this years Budget in the House of Commons, he ensured us that the Government will continue to do “whatever it takes” to support both British people and businesses in the wake of the pandemic. The Chancellor of the Exchequer stated that whilst the Government’s response to Coronavirus is […]
A very Covid Christmas
As reported in the BBC’s article from 20th December 2020, the rapid spread of a new strain of Covid-19 has been blamed for the implementation of a stricter tier 4 restrictions for millions in the London area, and other parts of southern and eastern England. This also means tighter restrictions for the whole of the […]
Our shipping crisis – from furniture to car manufacturing
Due to the shipping issues at UK ports, we will most likely see prices rise in supermarkets and other retail shops. These port delays are causing shortages with retailers across the nation. The Swedish furniture company Ikea had to make a public apology for their shortages due to shipping delays. On the other hand, the […]
No room at the ports
Due to the pandemic, not only is there a shortage of warehouse space, but there is also a backlog of shipping stuck at ports due to PPE taking over storage, and the high demand of shipping products in and out of the UK, from the coronavirus backlog, Christmas, and Brexit uncertainties. And with Christmas on […]
The new normal? – shipping and retail
As the UK leaves the EU on 31st December, according to Reuters’ article, both parties are rushing to settle on a deal that will govern nearly $1 trillion in trade. A trade deal on goods for the UK would protect nearly $1 trillion in annual trade, however, disruptions at the busiest EU and UK border […]