Chancellor Jeremey Hunt’s Spring 2023 Budget has a focus on retaining workforce and his four ‘E’s – Enterprise, Employment, Education and Everywhere. Mr Hunt himself calls this his ‘back to work’ budget. Here we examine what that means. Spring 2023 Budget Review Mr Hunt says that by the end of the forecast period, the government’s current budget deficit will be in surplus. He says the...
The Chancellor, Jeremy Hunt is due to present his Spring Budget in the House of Commons on 15 March. But what changes can we expect him to announce? What to Expect in the Spring Budget 2023 This will be Mr Hunt’s second fiscal policy proposal since he became Chancellor. It follows November’s Autumn Statement, which announced changes to tackle inflation and settle the markets after...
The chancellor Jeremy Hunt has delivered his Autumn Statement on 17 November, which was originally planned for 31 October. Mr Hunt’s aim is to bring inflation under control, provide stability for the government and stimulate growth in the economy. Latest Financial Autumn Statement In what has been described as a sombre Autumn statement, Mr Hunt spent under an hour outlining his plans to undo much...
Welcome to the October 2022 News Update from Prestige Business Management October 2022 News Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. A lot has happened this month so some of our blogs may be out of date. We have done our best to update information everywhere it needs to be....
The newly appointed chancellor Jeremy Hunt, who replaces Kwasi Kwateng, has announced a number of changes to the mini-budget. Latest Mini-Budget Reforms On 17 October Mr Hunt announced a package of changes to the mini-budget, which was first announced by Mr Kwateng on 23 September. A fiscal statement is planned for 31 October. However this announcement was added ahead of schedule in an effort to...
New chancellor Kwasi Kwarteng is reversing the recent increase to national insurance (NI) rates, taking effect from 6 November 2022. This will see millions of employees take home more pay each month. This is how employers can prepare for these changes to national insurance. What’s Changing? In April 2022 a 1.25% increase in national insurance contributions (NIC) came into effect. This was originally proposed to...
Update: This information is out of date. Refer to our newer blog post to read our revision “Latest Mini-Budget Reforms” New chancellor Jeremy Hunt, who replaces Kwasi Kwateng, has announced a number of changes to the mini-budget. On 17 October Mr Hunt announced a package of changes to the mini-budget, which was first announced by Mr Kwateng on 23 September. A fiscal statement is planned for...
Welcome to the September 2022 News Update from Prestige Business Management September 2022 News Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Key Dates Coming Up Corporation tax due – 1 October for accounting periods ended 31 December 2021 where not payable by instalments Deadline for registering for self assessment –...
This month students will be returning or taking up places at their new university. In either case, managing student finances can be tough. Here are our top tips for managing student finances. Student Finance Tips Whilst investing in the future is certainly exciting, it is also a lot to think about and plan for. Between tuition fees, accommodation, study materials, meals and travel, university expenses...
A good credit score is vital when you apply for any financial product. This may be a credit card, loans, a mortgage or interest free credit, even a mobile phone contract. There are a number of factors that determine your credit score. So how do you improve your credit score? What is a Credit Score? Banks and other lenders check your credit score to help...