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[24.11.2015]

Inflation remains negative while NS&I savings rates fall

The latest monthly report by the Office for National Statistics (ONS) has revealed that the UK’s Consumer Prices Index (CPI) inflation rate remained negative in October at -0.1%. A rise in the price of clothing was more than offset by falls in food, alcohol and tobacco prices. Food and drink prices fell by 2.7% in […]

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[24.11.2015]

Boost in UK workers’ pay marks most substantial rise since financial crisis

UK workers have received an effective pay rise of nearly 2% over the past year, as low levels of inflation helped to boost take-home pay, the latest figures suggest. The rise marks the most significant increase in pay margins since the 2008 recession. The Office for National Statistics (ONS) has published the provisional results of […]

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[24.11.2015]

Young likely to be poorer than parents ‘at every stage in life’, claims IFS

A new report by the Institute for Fiscal Studies (IFS) claims that young people are on course to be less wealthy than their parents throughout their lives, largely due to increasing pension values for older generations. The IFS report examined the evolution in household wealth between 2006 to 2008 and 2010 to 2012 and discovered […]

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[24.11.2015]

Autumn Statement: Business group urges Chancellor to cut tax admin costs

As the 2015 Autumn Statement approaches, the British Chambers of Commerce (BCC) has urged Chancellor George Osborne to cut tax administration costs, as part of the Government’s drive to reduce red tape by £10 billion by the end of this Parliament. In a letter to cabinet ministers, the BCC has outlined a number of recommendations […]

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[24.11.2015]

Workplace pensions ‘could be postponed for millions’ amid concerns over small business implementation

A report from the National Audit Office (NAO) has revealed that the Government has drafted contingency plans for placing a last-resort ‘emergency pause’ on the pensions auto-enrolment scheme, as fears arise over the disorder that the legislation could bring for smaller employers. Government ministers will make use of the emergency pause option if auto-enrolment proves […]

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