█ Business news
Pension triple lock confirmed by Chancellor
State pension will increase by 7.4%.
Penalties nearing for unpaid tax
Prices increase by nearly 10% in 12 months
Rishi Sunak cuts fuel duty
Fuel duty cut for the next twelve months.
Business Boom expected for Mother’s Day
Two-year-high expected for retail.
Sunak unveils tax cuts in Spring Statement
NICs thresholds set to increase.
Spring Statement: expectations
Chancellor’s speech expected to be “policy-light”.
Calls for clear tax registration
Changes could affect small businesses.
Income tax freeze set to bring in an additional £13bn
Higher inflation expected to bring more people into tax.
Bank of England increases interest rates to 0.75%
Bank rate back to pre-pandemic level.
Labour market continues to recover
Employment rate hits 75.6%.