Employers have been heavily impacted by this Budget. Employers’ National Insurance Contributions (NICs) will increase by 1.2% to 15% from April 2025. And the threshold at which it becomes payable has decreased from £9,100 to £5,000. That double whammy of tax rises is partly offset by the Employment Allowance increasing...
As widely expected, the Chancellor has increased the rate of Capital Gains Tax (CGT) from Budget Day itself, so any transactions occurring on or after today are affected. That means that any potential window that could have arisen, had the increase been delayed until April 2025, has been closed. ...
Businesses have been heavily impacted by this Budget, with several key changes being introduced, adding to their tax and operational costs. The rise in employers’ National Insurance Contributions (NICs) will impact employers significantly, particularly small businesses. Employers’ NIC increases by 1.2% to 15% from April 2025. And the threshold...
Rachel Reeves’ first Budget is the largest tax-raising Budget since 1993, with around £40bn being raised for government programmes of ‘national renewal’. Following months of speculation, we finally know the details of what this Budget has in store. While it will take some time to fully examine and understand...
Tax rises in the Budget aimed at companies could slow much-needed economic growth and undermine investment decisions, the region’s largest business organisation fears. Business West, the organisation behind Bristol Chamber of Commerce, said it recognised that the Chancellor faced a tight fiscal position and so had to make hard decisions....
Chancellor Rachel Reeves started her Budget speech by saying the country voted for change on 4 July. As a result, the Labour government could now “fix the foundations”. The way to ensure growth was to “invest, invest, invest”, she added. In total, the Budget will raise taxes by £40bn. Business...
Business owners are on tenterhooks in advance of tomorrow’s Budget, the first by new Chancellor Rachel Reeves. Despite election campaign promises that tax rises would not affect ‘working people’, subsequent claims of the discovery of a £22bn black hole by the government suggest the nation’s finances are in a...
A regional construction company founded more than 130 years ago has produced its first framework outlining its commitments to supporting the communities where it works and the wider environment as well as its people and their skills. Beard said the Social Value Framework would reinforce the family-owned business’s long-standing...
A section of the BBC’s historic Whiteladies Road site in Bristol, which it has occupied for 90 years, has been put up for sale. The move follows BBC Studios’ relocation to Bridgewater House at Finzels Reach in the city centre and consolidation of the corporation’s main productions on another...
Business confidence in the South West has improved and remains firmly in positive territory amid strong domestic sales growth, according to new research. Published less than a week before one of the most important Budgets for a generation, the quarterly survey of chartered accountants in the region paints a...
An electrical contractor set up less than five years ago has scooped a national award for being the best small business in the industry. Source Electrical topped the Electrical Contractor of the Year (up to £5m turnover) category of the Electrical Contractors’ Association (ECA) Awards in recognition of its “hard...
Architecture and placemaking consultancy Nash Partnership, which has an office in Bristol, has secured full planning permission for a scheme in the city that will be one of the UK’s largest community-led development projects of its kind. The approved proposals represent the first build phase of the ground-breaking masterplan...
Organisers of The Welcome Party, which will celebrate the cultural and economic contributions of refugees, asylum seekers and migrants in Bristol, have announced two significant new supporters – The Guild of Guardians and City of Bristol College. The pair join a list of sponsors for the high-profile event, which...
