News Archive > 2016 > January

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Private sector economic growth ‘picked up during last months of 2015’

The latest Confederation of British Industry (CBI) growth indicator survey has revealed that economic growth within the private sector gained considerable momentum during the three months to December.

Consumer borrowing soared in last months of 2015, Bank of England figures show

The run-up to Christmas saw the largest rise in consumer borrowing in nearly eight years, according to figures from the Bank of England.

Airport retailers face crackdown on VAT discounts

Airport retailers could be forced to pass on VAT discounts to those travelling to non-EU destinations after the Government announced a review into the issue.

Auto-enrolment is putting firms ‘under pressure’, claims FSB

In a new survey by the Federation of Small Businesses (FSB), three in four business owners who responded claimed that pensions auto-enrolment has ‘put too much pressure’ on them. 

Small firms’ petition for Government to scrap PTA plans rebuffed

A petition calling for the Government to scrap plans that will require small businesses and the self-employed to carry out quarterly reporting has been rebuffed.

Levels of interest on savings accounts reach ‘new low’

Recent data from the Bank of England has revealed that interest rates on savings accounts have plummeted to a new low.

Pensioners ‘to gain’ from new state pension but younger people ‘worse off’

Many pensioners will receive a boost from the new State Pension in the next few years following its introduction in April, Government research has revealed.

CBI sets out four-point plan for new apprenticeship levy

The Confederation of British Industry (CBI) has set out its proposals for an ‘effective’ apprenticeship levy, despite initially being opposed to the new measure.

‘Majority’ of businesses want to remain in a reformed EU, claims CBI

Most businesses ‘want the UK to be in a reformed EU’, according to the Director-General of the Confederation of British Industry (CBI).

Insurance group calls for new flat rate of pension tax relief

The Association of British Insurers (ABI) has outlined why the introduction of a new ‘Savers’ Bonus’ – a single rate of tax relief – would prove to be a ‘fairer’ and more sustainable system for pensions savings.

Surprise increase in UK inflation

The UK’s inflation rate rose to a figure of 0.2% during December, according to new data from the Office for National Statistics (ONS).

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