Government commissions review of the Loan Charge

The government has commissioned an independent review of the Loan Charge. The Exchequer Secretary to the Treasury made a Written Ministerial Statement announcing that Ray McCann, a former President of the Chartered Institute of Taxation, would lead the review. The review will examine the barriers preventing those who are subject to the Loan Charge but… Read more…

UK firms expecting slowdown

UK firms are expecting to reduce both output and hiring this quarter, according to a survey conducted by the Confederation of British Industry (CBI). Activity has been flat or falling since the middle of 2022, reflecting a prolonged period of stagnation. The survey suggested that sentiment among businesses dipped in the aftermath of the Government’s… Read more…

IMF upgrades UK’s economic outlook

The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year. The global institution upgraded its prediction for UK growth to 1.6% for this year from its previous estimate of 1.5%. As well as upgrading its outlook for the UK, the IMF suggested the UK economy would perform better than… Read more…

Government launches Industrial Strategy Advisory Council

The UK government has launched a new Industrial Strategy Advisory Council which brings together business leaders from across the UK to offer advice. The government says the Industrial Strategy will help maintain a pro-business environment to capture a greater share of internationally mobile investment and motivate domestic business to boost their investment and scale up… Read more…