SHENCOH

Nationwide R&D Tax Credits Specialists

Blog

Blog

The UK unemployment rate fell by 65,000 to 1.36 million in three months to June – the lowest for more than 40 years, official figures from the Office for National Statistics (ONS) show. The unemployment rate results also show a rise in productivity, but a slowdown in wage growth. Wages, excluding bonuses, grew by 2.7% in the three months to June, compared with a year ago. The ONS figures also showed the number of European
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The Chancellor warned them to prepare for a French-led attempt by the EU to bind the country’s financial services sector in red tape following the exit from the bloc, leading to a possible loss of access to European markets. He also told City big hitters at a private meeting that he would not cut business taxes for “several years”, despite warnings from US banks that London was losing its competitive edge against New York. According
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Amazon pays just £38 million a year in business rates in England and Wales, it can be revealed today. A Daily Mail investigation exposes the scale of the internet retailer’s vast UK property empire, and the relatively meagre sum it pays in commercial taxes. For its 189 sites across England and Wales, Amazon faces a total business rates bill of £38 million. By comparison, struggling department store chain House of Fraser pays £36 million. That
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The UK would clamp down on overseas technology firms like Google and Facebook by acting unilaterally to introduce a digital revenue levy, if efforts to agree to an international solution on tax avoidance falter, the government said. The financial secretary to the Treasury, Mel Stride, suggested that tough action would be taken, despite opposition from the increasingly protectionist US to targeting the firms, many of which are based in Silicon Valley. His comments came as official figures were released
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UK Economy Heatwave
Figures from Nielsen released this week pointed to the strongest UK grocery sales in five years thanks to the heatwave. Separate data from the Kantar Worldpanel also showed supermarket sales spiking over the 12 weeks to the 15 July, with credit given to “the prolonged hot weather”. Yet official data from the Office for National Statistics showed an unexpected fall in retail sales volumes in June, with the agency saying that “consumers stayed away from stores and instead enjoyed the World Cup
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