The International Monetary Fund updates growth forecast for UK economy
What is the new growth forecast? Earlier this year, the International Monetary Fund (IMF) upgraded its growth forecast for the UK economy to 1.2% in 2025. According to the IMF, the UK economy will gain momentum next year and grow by 1.4% in 2026, although weak productivity ‘continues to weigh on medium-term growth prospects.’. What […]
HMRC launches new online help for compliance checks
What is the new tool? HMRC has launched a valuable new online interactive tool to help guide both businesses and individuals through tax compliance checks. The free Interactive Compliance Guidance tool available on GOV.UK consolidates existing guidance and videos into one user-friendly platform. This is particularly helpful for businesses without dedicated tax representation who often […]
The government has introduced the Pension Schemes Bill
What is the bill? The Government says it will make pensions easier to understand and manage as long as drive better value over the long term. The bill will work to ensure savers get good returns and drive economic investment by requiring defined contribution (DC) schemes to prove they are value for money to avoid […]
Government names and shames employers failing to pay NLW
What has happened? The Government has published its latest list of employers failing to pay the National Living Wage (NLW) and National Minimum Wage (NMW), with some shocking figures: Nearly 60,000 workers affected Over £7.4 million in unpaid wages 518 employers named including major brands These employees must now repay their employees. What the government […]