Uk Government

A group of 10 organisations including MoneySavingExpert and Carnegie UK Trust have called on the government to take action on fraud in an open letter addressed to the prime minister. The letter dated 14 October 2022 reads:

Chancellor Kwasi Kwarteng has called bank chiefs to Downing Street to address issues with mortgages after uncertainty in the mortgage market led rates to soar to a 14-year high of 6%. The increase in rates also triggered a flurry of mortgage agreements being withdrawn by lenders.

Chancellor Kwasi Kwarteng has U-turned on plans to abolish the 45p rate of income tax for higher earners in the UK. The plan to remove the 45p rate, paid by those earning more than £150,000 a year, was announced on September 23 as part of a package of tax cuts planned by the UK Government.

The Chartered Institute of Taxation (CIOT) has responded to the Chancellor’s announcement last week, that the UK basic rate of income tax will be reduced to 19p and the UK additional rate of income tax abolished from April 2023. These changes will not apply to Scotland, where the power to set

The UK government has today published details of the Energy Bill Relief Scheme, which will protect businesses from the worst of the current increases in international energy prices, by providing a discount on wholesale gas and electricity prices. The scheme will apply to energy usage from 1st Octobe

The new UK government has ordered the treasury to audit existing and new anti-obesity policies which were to be introduced next month. The sugar tax, officially known as the Soft Drinks Industry Levy (SDIL), was introduced in 2018 as a measure to deter people from consuming unhealthy drinks high in

Last week's decision to remove Tom Scholar, the Treasury's permanent secretary - on the new government's first day - has been heavily criticised. Kwasi Kwarteng, the new chancellor of the Exchequer, and the Treasury attempted to share the news of the removal of the Treasury's top civil servant

Accountants have given their immediate response to the announcement that Liz Truss is to be the new leader of the Conservative Party and the next Prime Minister, calling for "significant government support" to help people overcome the current financial challenges. Kirsty McGregor, founder of Th

UK banks have made initial claims worth £352mn from the government to cover losses on one of its flagship state-backed Covid-19 loan schemes, after recording default rates as high as 25%.

A House of Commons committee has said that the government should set-up "urgently sets up a cross-departmental taskforce... to respond to the energy price crisis and wider cost-of-living".

A government scheme that reduces the price of leading software will benefit even more firms as eligibility criteria expands to more than 1 million businesses.

KPMG has been fined £20 million by the Financial Reporting Council (FRC) for its audits of Carillion and Regenersis. The £20m fine, which is the largest the big four firm has received in the UK, is part of sanctions for misconduct of audits carried out by KPMG for Carrilion and Regenersi

UK Export Finance, the UK’s export credit agency, has provided £6 billion in financing for UK SME exporters over the past 12 months as they continue to promote Britain as the champion of free trade.

The rise in the National Insurance threshold to £12,570 announced by the UK Government won't help lower-income households, despite some headline savings on contributions, according to Kevin Brown, savings specialist at Scottish Friendly. Mr Brown highlighted that average income households are

Prime Minister Boris Johnson is considering plans to allow extra-long mortgages of up to fifty years that could be passed between generations, in an attempt to tackle the UK's housing crisis. Under the plans, borrowers could borrow larger sums, then pass the loans down to their children, along with