Business Update – 18 May 2022

UK Weekly Digest – 18 May 2022 Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Tory MPs question Bank of England’s independence Bank of England governor Andrew Bailey is set to face a grilling from Conservative MPs on Monday over rising inflation, which is nearing 10%. Household Support Fund fails Britain’s poorest The £500m support scheme, launched…  Read more

Spring Statement 2022: What It Means For You

On 23 March 2022, Chancellor Rishi Sunak delivered the Spring Statement. Set against the backdrop of higher inflation, the Chancellor has sought to address the immediate concerns of individuals. For some businesses, they will have to wait until the Autumn Statement for announcements on changes in Capital Allowances and R&D. Short-Term Measures for Lower Income Earners With inflation expected to hit 7.4% on average for the year, combined with the…  Read more

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