GDP equal to its pre-pandemic level.
Current Affairs
1 in 5 Scottish firms fear rising payroll costs
Scottish accountants cite concerns over clients’ futures.
Business confidence tumbled in late 2021
Confidence lowest in accommodation and food services.
Base rate of interest rises again to 0.5%
Interest rates rise for the second time in three months.
ONS developing ‘radical’ method to better measure inflation
Concerns inflation may be higher for low-income families.
Retail sales volumes drop in December 2021
Sales fell at the fastest rate in 11 months.
UK inflation hits 30-year high
Food prices largest contributor to rising inflation.
ONS: 0.6% more workers on payroll
184,000 more payrolled employees in December 2021.
UK economy surpasses pre-pandemic level
November 2021 UK GDP estimate up 0.7% on February 2020.
Rising concerns about impact of inflation
Survey suggests 24% of individuals are “very concerned”.
Retail footfall slips amid Omicron concerns
Shoppers limited their in-store trips to avoid COVID variant.
30% of small firms in late-payments struggle
One in ten say late payments threaten their business.
New post-Brexit customs rules come into force
Companies trading with the EU face stricter rules.
Firms want support as customers cancel bookings
Hospitality takings could fall 40% during vital trading period.
Govt. committee calls for household gas tax
“Tax needed to meet UK net-zero targets”.
‘Most young workers lack savings to buy a first home’
Saving 5% of earnings for 5 years will allow just 11% to buy average home.
Business confidence remains flat in November 2021
Concerns about energy costs and employment taxes increase.
HMRC reminds traders of new customs controls
Full customs controls will come into effect on 1 January 2022.
Government sets out changes to R&D relief
Companies will have to notify HMRC that they intend to make a claim.
Rental housing demand at record high
Return to cities push up rental demand and prices.
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