FSB Updates Guidance on Employers’ Liability Insurance
Help in checking your insurance arrangements The Federation of Small Businesses (FSB) has recently updated its guidance on Employers’ Liability insurance – a useful reminder of the rules and risks around a business insurance that is legally required in the UK. The guidance explains that if you employ anyone – including part-time, temporary, or even […]
How to Protect Sensitive Personal Information
New guidance published by NCSC The National Cyber Security Centre (NCSC) has published new guidance to help businesses identify and protect against the risks of holding sensitive personal information. The guidance can help you to understand what sensitive personal information is and identify any that your business holds. It also provides some principles that, if […]
Chancellor Releases 2025 Spending Review
Takeaway Points for Your Business The Chancellor unveiled her Spending Review in June setting out how government departments will allocate money over the coming years. While much of the focus was on large-scale public services like the NHS and schools, there are some important signals here for businesses to take note of – both in […]
Government Targets £7.5 Billion in Unpaid Tax
Focus on Business Compliance The government has announced plans to raise an additional £7.5 billion by stepping up efforts to close the tax gap – the difference between the tax HMRC expects to collect and what is actually paid. Figures published on 19 June show that £46.8 billion in tax went unpaid in the 2023-24 […]
No Change for the Bank of England Base Rate
Inflation Still a Concern The Monetary Policy Committee (MPC) decided to keep the Bank of England base rate at 4.25% following its latest review on 19 June 2025. Their decision was not a great surprise. While inflation had reduced in the earlier part of the year, the current figures show that inflationary pressures continue to […]
Interest Rates Cut, Trade Talks Shift
What It Means for Your Business In recent weeks, the Bank of England have cut interest rates from 4.5% to 4.25% and the government has announced new trade deals with India, the US and the EU. Let’s see what these news items can tell us about the latest developments in the economy. Split opinions At […]
New safety and security declaration requirements
Are you ready? Beginning 31 January 2025, entry summary declarations are now required for goods imported into Great Britain (GB) from the EU. This extends the already existing requirements to submit entry summary declarations for imports into GB from countries outside the EU and exit summary declarations for exports to the EU. To help businesses, […]
Coffee bean prices at record high
Will our morning caffeine fix cost more? Those of us that rely on a coffee-fix to get the day started may see this get more expensive. Coffee prices on international commodity markets soared to their highest level on record in December. The price for Arabica beans, the most used beans in global production, increased to […]