September 23, 2022
The Chancellors’ winners and losers
High earners will benefit most from today’s mini budget announcement. Speaking to Business Matters Paul Haywood-Schiefer, Senior Manager at leading tax and advisory firm Blick Rothenberg said: “The reversal of the recent increase to NIC rates will provide savings to all earners, where their income is above around £10,000 per annum (and assuming similar reductions are made […]
September 23, 2022
PR advice: Seeding a story is equally important to news reaction
The equal and opposite action of reacting to trending news and then coat tail riding the story of the day with your expert opinions – is the seeded or placed story. This is where you set your own news agenda in the form of a bespoke narrative. News reaction through parasitic means and its opposite, […]
September 23, 2022
IR35 reforms to be scrapped in April 2023
Reforms to the off-payroll working rules, known as IR35, are to be scrapped from April 2023, the Treasury has announced. This will mean that from 6 April 2023, contractors working for an organisation via an intermediary will once again be responsible for determining their employment status and paying the appropriate amount of tax and national […]
September 23, 2022
Mini Budget: UK needs inclusive economic growth, not isolated hot spots
Professor John Bryson, Chair in Enterprise and Economic Geography at the University of Birmingham offered his opinion about the economic measured announced today by Chancellor Kwasi Kwarteng. Professor Bryson is an economic geographer whose research focusses on understanding people, organisations and the complex ways in which production is organised through space, place and various forms of […]
September 23, 2022
Made.com plans to cut a third of staff as it seeks buyer or investment
Made.com is seeking a buyer or emergency investment as the embattled online furniture retailer plans to shed more than a third of staff to stretch its dwindling cash reserves. The company, which in July warned of job cuts as increasingly cash-strapped consumers stopped spending on “big-ticket” items, has withdrawn full-year guidance as sales plummet. Made.com […]
September 23, 2022
Business reaction of mini-budget slams ‘irresponsible’ Kwarteng
UK SME’s have been very dismissive of Kwasi Kwarteng emergency mini budget, with some branding it as “Trussmoronics not Trussonomics”. We have spoken to a number of UK SMEs to get their reaction to the emergency mini budget that Kwasi Kwarteng and Liz Truss hope will see Britain extricate itself from the current financial crisis engulfing the […]
September 23, 2022
Business reaction of mini-budget slams ‘irresponsible’ Kwarteng
UK SME’s have been very dismissive of Kwasi Kwarteng emergency mini budget, with some branding it as “Trussmoronics not Trussonomics”. We have spoken to a number of UK SMEs to get their reaction to the emergency mini budget that Kwasi Kwarteng and Liz Truss hope will see Britain extricate itself from the current financial crisis engulfing the […]
September 23, 2022
Chancellor scraps 45p top rate of income tax
Kwasi Kwarteng has announced that he will scrap the top 45p rate of income tax and cut the basic rate of income tax by 1p next year as part of a “bold and unashamed” push for growth. The chancellor announced £50 billion worth of tax cuts including scrapping the rise in national insurance, freezing corporation […]
September 23, 2022
Mini-budget 2022 highlights: a summary of the key points
Here are the main points of Kwasi Kwarteng’s fiscal statement on the government’s economic plan to drive down inflation and cut taxes to bolster growth. Energy bills Energy bills for households have been capped at an average of £2,500 a year for two years, a £1,000 saving at current energy prices. Bills have also been […]
September 23, 2022
Racecourse takings jump post-Covid
Newbury Racecourse reported good-to-firm going in the first half of the year as punters went back to the races after the pandemic. With 15 meetings welcoming paying customers compared with only two last year, and ten behind closed doors, the number of attendants jumped from 4,400 to 57,300, only 2 per cent down on pre-Covid […]
September 23, 2022
Hospitality hit as consumers cut back
More than a quarter of businesses reported a fall in revenues last month, with restaurants, pubs and bars in particular struggling as hard-up consumers tightened their purse strings. Data from the Office for National Statistics showed that in August 26 per cent of companies reported lower turnover than the previous month, while only 15 per […]
September 23, 2022
BSP signals more rate hikes, FX moves to defend peso
REUTERS The Philippine central bank signaled it will resort to more interest-rate hikes depending on the Federal Reserve’s action, while also considering proactive market interventions to curb currency losses. “Strong dollar is requiring us to have bigger policy rate increases,” Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said in an interview from New […]