Liles Morris

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February 10, 2025
base-rate-cut-to-4-5

The Bank of England reduced their base rate to 4.5% last week, as had been widely expected in the days leading up to the decision.

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February 6, 2025
reforms-to-pensions-proposed-in-order-to-drive-growth

The Prime Minister and Chancellor met with business leaders last week and unveiled proposals to give occupational defined pension schemes more flexibility.

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February 5, 2025
is-cash-still-king

The new economic secretary to the Treasury, Emma Reynolds, has said that there are no plans to regulate businesses, whether big or small, to compel them to accept cash.

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February 3, 2025
chancellor-s-speech-an-update-on-economic-growth-measures

The Chancellor of the Exchequer, Rachel Reeves, delivered a speech last week that served as an update on the government’s plans for delivering economic growth.

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January 31, 2025
why-you-should-prioritise-tax-planning-before-the-tax-year-ends

As the UK tax year-end approaches on 5 April, it’s an excellent time for you to review your business finances and explore tax planning opportunities, particularly if you are self-employed. Tax planning can help you to reduce tax liabilities, boost your cash flow and put you in a stronger financial position.

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January 29, 2025
hmrc-s-phone-service-criticised-again

A report released by the Public Accounts Committee (PAC) has further criticised HM Revenue & Custom’s (HMRC) phone service. It found that nearly 44,000 customers were cut off without warning after being put on hold for more than an hour in the first 11 months of last year.

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January 27, 2025
what-do-rising-government-borrowing-costs-mean-for-your-business

Recent economic developments have sparked concerns among UK businesses. Government borrowing costs surged in December to their highest levels in four years, and this has drawn heavy criticism of the Chancellor’s fiscal strategy.

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January 23, 2025
renters-rights-bill-continues-to-progress

The Renters’ Rights Bill returned to Parliament for debate last week and included some new changes.

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January 22, 2025
government-pushes-ai-adoption-as-part-of-growth-strategy

The government launched an AI opportunities action plan last Monday that aims to ramp up AI adoption across the UK.

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January 20, 2025
inflation-falls-to-2-5-what-this-means-for-your-business

The latest figures reveal that UK inflation fell slightly in December, down to 2.5% from 2.6% in November.

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January 16, 2025
balancing-ai-s-promise-and-pitfalls

Artificial intelligence (AI) continues to bring benefits across many industries, including healthcare diagnostics and consumer technology. However, as its applications expand, so do concerns about its accuracy and potential for misuse. Two recent examples—the use of AI in detecting ovarian cancer and its controversial implementation in summarising news—illustrate both the transformative potential and the risks of AI.

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January 15, 2025
new-digital-markets-competition-regime-now-in-force

Last week, the Competition and Markets Authority (CMA) set out its initial plans for the new digital markets competition regime. The regime is designed to support the UK’s tech sector and has its legal footing in the Digital Markets, Competition and Consumers Act. The Act received royal assent in May 2024 but came into force on 1 January 2025.

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January 13, 2025
tax-return-filing-deadline-looms

With the 31 January Self-Assessment tax return filing deadline fast approaching, HM Revenue and Customs issued a press release last week noting that 5.4 million taxpayers are yet to complete their return.

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January 10, 2025
the-importance-of-right-to-work-checks-continues-to-be-emphasised

Recent immigration enforcement activity has highlighted the need for employers to ensure their workers have the right to work in the UK. With thousands of enforcement visits, arrests, and hefty fines being issued, businesses that neglect their responsibilities risk serious consequences.

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January 8, 2025
new-year-resolution-a-fitter-workforce

The benefits of exercise on our physical and mental health are well known. The healthier and fitter we are the better we work on our business. A healthier, fitter workforce are also much more likely to be productive and happier. Yet, many of us struggle to find the time or energy to do enough exercise.

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