Lending to SMEs Falls by £400m
The amount of lending given to small businesses has dropped by £400m throughout the second quarter of this year, according to the latest Trends in Lending report from the Bank of England.
The amount of lending given to small businesses has dropped by £400m throughout the second quarter of this year, according to the latest Trends in Lending report from the Bank of England.
According to the latest from the Deloitte Consumer Tracker, consumer confidence has hit its highest level in three years, brought on by falling prices in mainstream household items.
The tax gap, which is the difference between the amount of tax due and the amount collected, was 6.8 per cent of tax liabilities, or £34 billion, in 2012 to 2013, according to H.M.Revenue and Customs (HMRC).
Prime Minister David Cameron has said he supports reforming Inheritance Tax (IHT), arguing that the levy should only be paid by the richest in the land.
Members of the British business community have welcomed the latest tax promises made by Prime Minister David Cameron ahead of next year’s election in May.
H.M.Revenue and Customs have released new figures showing that they have collected more than £200m in additional tax, following more than 80 taskforce inspections in the last three years.
A sizeable number of small and medium-sized businesses believe that half their revenue will come from overseas by 2019.
The Association for Independent Professionals and the Self-Employed (IPSE) have launched a petition asking for the government is not doing enough to help the 4.6 million people who are self-employed in the UK.
One of the Labour Party’s biggest backers has slammed Ed Miliband’s marquee policy to bring in a mansion tax on properties worth more than £2million.
Despite more than 4 million firms already having signed up to auto-enrolment there is a growing concern that some firms are becoming complacent and could face hefty fines for failing to join up.
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