Self assessment taxpayers are being urged to be wary of bogus tax rebate approaches after HMRC reported a 17% rise in scam reports. The tax authority revealed that taxpayers had reported more than 144,000 scam referrals in the past year, up from 124,000 the previous year. Around half of all scam reports in the last […]
The West Midlands is to get up to £5m under the government’s new Get Britain Working initiative which will focus on getting unemployed young people across the region into jobs. The nationwide initiative, which was announced by the chancellor in the October budget, will see the West Midlands become one of 16 trailblazer regions sharing […]
The 2012 London Olympic Games serve as a cautionary tale for local communities in host cities – a new study warns. The study by the University of Portsmouth analysed 20 years of data, from 2001 to 2022. It looked at the long-term legacy of the 2012 London Olympics, particularly the impact on urban regeneration in one of […]
Just four months before the deadline for full compliance with the Financial Conduct Authority’s Operational Resilience legislation, research from managed service provider Parseq indicates that almost a third of financial institutions are not fully confident in their ability to meet the new rules. The FCA’s new rules aim to improve the resilience of the UK financial sector by […]
Specialist lender Kent Reliance for Intermediaries (KRFI), part of the OSB Group, has launched two limited edition ranges to help support brokers with their landlord customers. The fixed fee limited edition range offers lower fees starting at £799, providing an affordable option for landlords looking to avoid higher fees. Other features of the range include: […]
The UK’s retail sector continues to display resilience amid economic pressures, with Atradius, one of the UK’s leading trade credit insurers, revealing notable trends in late payments and insolvencies as the year concludes. The trade credit insurer highlights a rise in payment defaults in specific retail categories but remains optimistic about the sector’s ability to adapt and […]
His Majesty’s Revenue & Customs has injected almost £300m into its compliance and fraud investigation efforts, increasing staffing levels and pay in the Customer Compliance Group (CCG) and Fraud Investigation Service (FIS) to ensure compliance and strong enforcement across the UK, according to official data. The HMRC CCG is responsible for the department’s enforcement and […]
As Black Friday approaches, RSM UK is urging financial services providers and social media platforms to gear up for a spike in fraudulent transactions, and to protect consumers from fraudsters. Data obtained by the leading audit, tax and consulting firm under a Freedom of Information Request shows complaints to the Financial Ombudsman Service (FOS) regarding […]
Period Covered: 01 – 07 November 2024 Shop Price deflation was at 0.6% in November, up from deflation of 0.8% in the previous month. This is slightly above the 3-month average rate of -0.7%. Shop price annual growth remained its lowest rate since September 2021. Non-Food remained in deflation at -1.8% in November, up from -2.1% in […]
An award-winning specialist business bank is outperforming its industry when it comes to the number of women it employs in senior management positions. Five years ago, Redwood Bank signed up to the Women in Finance Charter – a commitment by HM Treasury and financial institutions to work together to build a more balanced and fair […]
