Staffordshire businesses across a range of sectors responding to yesterday’s budget described a mixed bag of bad and good news, plus a few surprises thrown into the mix. Liam Nicholson, Associate Director at RSM UK, Tax based on Festival Park, offered the following post-budget reaction: “My initial response to the
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By Esther Hancock, Tax Director, DPC Accountants Rachel Reeves delivered the most speculated budget for some years, given that the Labour Party prior to delivering the speech stated that there would be difficult decisions and tax rises would be necessary to plug the hole in the public finances. The Chancellor
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Businesses will bear the brunt of chancellor Rachel Reeves’ much anticipated (and leaked) first budget as she introduced a £40billion tax hike. £25billion of that will come from a jump in employer’s national insurance contributions. Reeves announced it will go up by 1.2 percentage points, to 15%, from April next
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Markets got the jitters after an initial calm response to the chancellor’s announcements while she was speaking in the Commons. Analysts had drawn comparisons with the disastrous Liz Truss mini-budget two years ago which spooked the markets with unfunded tax cuts. Predictions of a calm response were followed by a
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The UK’s public finance and spending watchdog concluded that Rachel Revees had delivered “large increases in spending, tax, and borrowing” with the country reaching a record tax take. In its response to the budget, the Office for Budget Responsibility confirmed: • The Budget increases spending by £70 billion annually, with two-thirds on
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Everything you ever wanted to know about Labour’s first budget in almost 15 years is contained in the Red Book, published by the Treasury. You can read it here.
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Plans for a brand-new multi-million-pound Home Office base in Stoke-on-Trent have been scrapped. As reported by Daily Focus and hailed as a ‘great investment for the city’, the government department had been in talks with Stoke-on-Trent City Council about building a brand-new base in the city which would house all of
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Twenty jobs are expected to be created when a law firm moves its offices to Stoke-on-Trent city centre. Smith Partnership solicitors have signed a 10-year lease for 3,889 sq ft of office space within the ground floor of Alexander House in Hanley, a Grade II listed building most recently occupied
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By Tim Lewis, Senior Contracts Manager at Inco Contracts “The big hope is that the budget brings stability to inflation, which in turn will provide increased confidence for the Bank of England to reduce interest rates. The sky-high rates we’ve seen in the last few years have reduced the spending
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Fifteen local companies have created 37 apprenticeships thanks to funding from Stoke-on-Trent City Council. The city council paid out £63,000 from its apprenticeship levy in 2023/24 to employers with staff who live in the city, as well as supporting 106 people to study for apprenticeship qualification while working for the
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