Consultation on changes launched.
Current Affairs
Small business confidence loses steam
State of economy cited as major problem for businesses.
HMRC collects £100bn more in 2021/22 than previous year
Tax take recovers to pre-pandemic level.
UK house prices jump 11.8% in year to September 2021
Average UK house prices reach record high of £270,000.
Energy prices push inflation to 4.2% in October 2021
Combative interest rate hike could be on the horizon.
Kickstart scheme found 100,000 young people work
Scheme finds young universal claimants six months of work.
International trade week gets under way
DIT aims to boost exports and offer support.
Economy grows by 0.6% in September 2021
Services grow by 0.7%, spurred by in-person GP appointments.
Online sales fall by 11.2% in year to October 2021
Early Christmas shoppers fail to materialise.
HMRC collects £27.9bn less tax
Tax revenues fall by 4.4% to £608.8bn.
3 in 5 pension schemes fail to consider climate change
Investors are at risk of lower returns.
Sunak cuts air passenger and alcohol duties
Fuel duty frozen for the 12th consecutive year.
Autumn Budget 2021: expectations
Chancellor is expected to raise taxes.
Costs preventing 1 in 5 businesses from reducing carbon emissions
Only 37% of businesses have taken green action.
State pensions set to rise 3.1% in 2022/23
Yearly payments will increase by £290.
UK house prices up 10.6% in the year to August
Average house £25,000 more expensive than last year.
Price rises dip slightly in September
The CPIH rate of inflation fell 0.1% last month.
Economy inches towards recovery in August
Economy grows by 0.4% in August after -0.1% slump in July.
IFS: Chancellor may lower spending plans in the Autumn Budget
Spending may be cut to achieve the Chancellor’s budget surplus.
International community strikes global tax deal
Countries worldwide agree to minimum corporation tax rate of 15%.
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