News
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Self assessment clock ticks down to under 100 days
Published by Michael Graves on Thu, 10/11/2022 - 8:18amHMRC has reminded taxpayers that they are now less than 100 days until the deadline for self assessment online return submission.
Self assessment taxpayers have until 31 January 2023 to submit their online return for the 2021/22 tax year.
According to HMRC, more than 66,000 taxpayers beat the clock and filed their tax return on 6 April – the first day of the new tax year.
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IoD survey finds UK businesses anticipate growth in exports
Published by Michael Graves on Thu, 10/11/2022 - 8:17amA survey conducted by the Institute of Directors (IoD) has found that 42% of UK businesses that trade internationally expect to see an increase in their exports over the coming year.
The survey also revealed that 47% of businesses are still finding Brexit challenging, and just 33% envisage opportunities materialising as a result of Brexit.
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FCA warns that eight million are struggling to keep up with bills
Published by Michael Graves on Wed, 09/11/2022 - 9:50am -
Inflation returns to 40-year high
Published by Michael Graves on Wed, 09/11/2022 - 9:49amThe rate of inflation rose to 10.1% in September as the economy felt the effects of rising prices and the fallout from the Mini Budget, according to the Office for National Statistics (ONS).
The ONS said the Consumer Prices Index (CPI) measure rose from an annual rate of 9.9% in August to match the recent 40-year high seen in July.
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New PM must restore confidence, say business groups
Published by Michael Graves on Tue, 08/11/2022 - 8:20amThe UK's new Prime Minister Rishi Sunak must restore confidence in the country's economy, say business groups.
Mr Sunak will have to deal with a range of issues stemming from inflation and the cost-of-living crisis.
Business groups say he will need to set out plans to deal with soaring energy bills, labour shortages, spiralling inflation, and climbing interest rates.
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Government pushes back economic statement
Published by Michael Graves on Tue, 08/11/2022 - 8:19amChancellor of the Exchequer Jeremy Hunt has delayed the announcement of the government's economic plan until 17 November.
The Medium-Term Fiscal Plan was due to be delivered by the Chancellor in the Commons on 31 October, along with a forecast from the Office for Budget Responsibility.
This had been brought forward because of the market turmoil that followed September's Mini Budget.
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Foodbank
Published by Chloe Turner on Wed, 02/11/2022 - 9:55amGriffin Chapman have worked together with other like minded businesses in Colchester, including Park City Consulting, Stanley Bragg, Handlesbanken, Plan Money, Dudley Smith Partnership, Sandersons and James & Lindsay Ltd to donate much needed funds to the Colchester Foodbank. We know it is likely to be a difficult winter for many, through no fault of their own, and it is important we all help and support our local communities when we can.
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Mini Budget Reversal
Published by Michael Graves on Tue, 18/10/2022 - 4:25pm -
Action Fraud warns scammers are exploiting cost-of-living crisis
Published by Michael Graves on Thu, 13/10/2022 - 1:07pmAction Fraud has warned that criminals are using the ongoing cost-of-living crisis to target the public with energy rebate scams.
Action Fraud revealed that more than 1,500 reports have been filed with the National Fraud Intelligence Bureau (NFIB) regarding scam emails purporting to be from energy regulator Ofgem, offering customers energy rebates.