Read on for the latest accounting, tax & business news from TidyCloud
Auto-enrolment has helped workers save £114 billion into pensions
Workers have saved more than £114 billion into their pension pots since pensions automatic enrolment was implemented ten years ago
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IFS warns of fall in household incomes
The IFS has warned that household incomes will see their biggest drop in generations following the Autumn Statement.
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Tax burden rises following Autumn Statement
The UK’s tax burden will rise after Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes.
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Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics
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IoD survey finds UK businesses anticipate growth in exports
A survey conducted by the IoD has found that 42% of UK businesses that trade internationally expect to see an increase in exports….
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FCA warns that eight million are struggling to keep up with bills
Almost six in ten UK adults are struggling to keep up with their bills, according to new research from the Financial Conduct Authority (FCA).
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Inflation returns to 40-year high
The rate of inflation rose to 10.1% in September as the economy felt the effects of rising prices and the fallout from the Mini Budget.
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Less than 12 Weeks until Self-Assessment Deadline
There are now less than 12 weeks until the Self-Assessment deadline and for taxpayers to avoid late filing and payment penalties.
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New PM must restore confidence, say business groups
The UK’s new Prime Minister Rishi Sunak must restore confidence in the country’s economy, say business groups.
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