Growth Lars Swann Growth Lars Swann

Growing your business? – Just keep going!

The Bank of England (BOE) recently held interest rates at 5.25% and warned that the restrictive policy will remain for an extended period, despite the bleak economic outlook. BOE forecasts suggest the UK will not get to the 2% inflation target until the end of 2025. They expect inflation to fall to around 5% by the end of this year. Their forecasts also predict that output will remain stagnant in 2024. The Chancellor, Jeremy Hunt, remains more optimistic and was quoted as saying that the UK economy has remained far more resilient than many expected.

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Valuation Lars Swann Valuation Lars Swann

How much is my business really worth?

This is a question many business owners want answering. The truth is, it depends on a range of factors and any valuation is only useful as a guide for planning forward. The ultimate value of a business is the price a willing buyer is prepared to pay for it.

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Storm Lars Swann Storm Lars Swann

Is your business winter ready?

Disruptions due to the weather can happen anywhere at any time. Taking time to plan and prepare your business can save you time and money when something untoward happens.

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Side Hustle Lars Swann Side Hustle Lars Swann

Do you have a side income?

If you do then you are probably aware of the requirement to disclose this on your Self-Assessment tax return. It is important to record any side income accurately and HMRC is going to be able to see exactly how much income you receive when using a digital platform from 1 January 2024.

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inflation Lars Swann inflation Lars Swann

Inflation holds steady at 6.7%

UK inflation unexpectedly held stable in September at 6.7% as rising fuel costs offset the first monthly fall in food prices for two years to maintain pressure on households during the cost of living crisis.

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Lars Swann Lars Swann

Regional Talent Engines programme

The Royal Academy of Engineering has opened a new round of applications for its Regional Talent Engines programme.

This six-month pre-accelerator programme for early-stage founders aims to support entrepreneurial mid-late career engineers who wish to bring an innovative concept to market.

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Taxation Lars Swann Taxation Lars Swann

This UK Government is the biggest tax-raising parliament since records began

The Institute for Fiscal Studies (IFS) has stated that this has been the biggest tax-raising parliament since records began, pushing UK tax revenues to historically high levels. They comment “At the time of the last general election, UK tax revenues amounted to around 33% of national income. By the time of the next election in 2024, on current forecasts, taxes will amount to around 37% of national income – a level not sustained in the post-war period. Compared with a world in which taxes had stayed at 33% of national income, the UK government will be raising upwards of £100 billion more in tax revenues next year. This is equivalent to around £3,500 more per household, though of course the tax rise will not be shared equally.

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