The Bank of England’s Monetary Policy Committee (MPC) has voted to keep the base rate at 4.25%, despite growing signals that interest rate cuts may be considered in the coming months.In a 7–3 split decision, policymakers opted to hold the rate, with meeting minutes revealing that concerns over a weakening UK labour market have become […]
Bank of England Holds Interest Rate at 4.25% Read More »
Chancellor Rachel Reeves has delivered the UK’s first multi-year Spending Review since 2021, outlining departmental budgets for day-to-day operations and long-term investment through to the end of the decade. Here’s a breakdown of the key announcements that may impact businesses, individuals, and the broader economic environment.🏥 HealthNHS England’s operational budget will rise by 3% in
Spending Review 2025: What Business Owners and Taxpayers Need to Know Read More »
At its recent Sage Future conference in Atlanta, Sage announced a significant leap forward in artificial intelligence (AI) integration across its accounting platforms. These developments are set to fundamentally reshape how businesses and accountants interact with financial software — with potential time savings, efficiency gains, and risk mitigation benefits.Key Announcements and What They Mean for
Sage Unveils New AI Tools: What This Means for Our Clients Read More »
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
Reeves Unveils £25bn Pension ‘Megafund’ Plan to Boost UK Growth and Saver Returns Read More »
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
Rising UK Borrowing: Are Autumn Tax Increases Inevitable? Read More »
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
UK Economic Growth Beats Expectations – What It Means for Your Business Read More »
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
Bank of England Poised to Cut Rates: What It Means for Your Business Read More »
View this post on Instagram A post shared by Amanah Accountants (@amanahaccountants)
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
National Insurance and Income Tax: What’s Changing and What It Means for You Read More »
At Amanah Accountants, we always keep a close eye on the economic landscape – not just for our own operations, but for the many businesses we support day in, day out. And right now, the warning signs are flashing red.According to the latest ICAEW Business Confidence Monitor (Q1 2025), business confidence across the UK has fallen into
Tariffs, taxes and tough times Read More »
