May 2025

The Chancellor, Rachel Reeves, has outlined detailed plans to reshape the UK’s pension system with the creation of £25 billion “megafunds”, aiming to unlock economic growth and improve pension outcomes for millions of workers.These reforms, inspired by successful models in Canada and Australia, are designed to consolidate pension schemes, promote local investment, and deliver stronger […]

Autumn Tax Rises on the Horizon? What Higher UK Borrowing Means for Your BusinessNewly released figures from the Office for National Statistics (ONS) show that government borrowing rose to £20.2 billion in April 2025 — £1 billion higher than the same month last year and significantly above forecasts. This marks the fourth highest April borrowing

The UK economy grew more than anticipated in the first quarter of 2025, according to data released by the Office for National Statistics (ONS). Gross Domestic Product (GDP) rose by 0.7% between January and March, surpassing analyst forecasts of 0.6%.This growth was primarily driven by a strong performance in the services sector, with notable contributions

The Bank of England is set to announce a long-anticipated interest rate cut on Thursday, 8 May—delayed by two minutes to observe the 80th anniversary of Victory in Europe Day. While the moment of reflection is brief, the economic implications are anything but.At 11:02 BST, the Monetary Policy Committee (MPC) is widely expected to reduce

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Understanding changes to National Insurance (NI) and income tax is essential for both individuals and businesses. Recent updates announced in the Spring Statement will have wide-ranging effects, especially in the context of frozen tax thresholds and increasing employer costs. Here’s a clear breakdown of what’s changing, and how these developments may impact your financial planning.What