Category: autumn
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Over 80% of UK small business owners fear Autumn Budget could harm growth plans
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A new study has revealed that 86% of UK small business owners are concerned that potential tax rises and policy changes in the upcoming Autumn Budget could hinder their growth. Key concerns include potential increases in income tax, VAT and National Insurance, as well as higher costs arising from regulatory…
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UK business confidence hits twelve-month low as Autumn Budget looms
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Business confidence in the UK has fallen sharply, recording its first decline in a year, as concerns grow over Chancellor Rachel Reeves’ upcoming autumn budget. The latest economic data, along with insights from the upcoming SME Barometer brought to you by Prism, highlight growing concerns among businesses, with many fearing…
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Record number of UK businesses at risk of collapse ahead of critical autumn budget
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A record number of UK businesses are facing major financial distress, highlighting the parlous state of the economy as Chancellor Rachel Reeves prepares to unveil her first Budget on October 30. A report by insolvency specialists Bigbys Traynor revealed that 632,756 businesses were at high risk of failing in the…
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Record number of UK businesses at risk of collapse ahead of critical autumn budget
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A record number of UK businesses are facing major financial distress, highlighting the parlous state of the economy as Chancellor Rachel Reeves prepares to unveil her first Budget on October 30. A report by insolvency specialists Bigbys Traynor revealed that 632,756 businesses were at high risk of failing in the…
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Capital Gains Tax concerns loom over UK tech sector ahead of Autumn Budget
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The UK tech industry is on edge as speculation grows about potential changes to capital gains tax (CGT) in the upcoming Autumn Budget. Leading audit and advisory firm Blick Rothenberg has expressed concerns that such changes could have a detrimental impact on the fintech ecosystem, a key driver of the…
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Majority of Britons back increased tax on online gambling as calls for reform grow ahead of Autumn Budget
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New polls suggest that more than half of Britons (52%) support increasing taxes on online gambling, with many prioritizing a rise in gambling fees over other taxes such as income tax, VAT and fuel excise. It comes as the Social Market Foundation (SMF) releases a report calling for a significant…
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Middle-class homeowners put kitchen renovations on hold over fears of tax hikes in autumn budget
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Middle-class homeowners across the UK are putting off plans to renovate their kitchens as concerns grow over potential tax rises in the upcoming Budget in October. The possibility of higher taxes, flagged by shadow chancellor Rachel Reeves, has led to a marked drop in consumer confidence, according to kitchenware retailers.…
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Tax incentives and finance access top SMEs’ priorities ahead of autumn budget
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As the Autumn Budget approaches, tax incentives and improved access to finance have emerged as key demands from UK SMEs, according to new research from Bibby Financial Services (BFS). The latest SME Confidence Tracker Index reveals that despite a post-election rebound in business optimism, small business leaders are calling on…