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Evening Standard
Spring Statement 2022 LIVE: Rishi Sunak announces National Insurance threshold rise
Business
Sky News
What Rishi didn’t include in the spring statement is just as important as what he did
For years, there has been a big debate over whether National Insurance is merely income tax under another name.A lot of people wrongly assume NICs pay for their state pension, not realising in fact it is just another payroll tax. The big news in this spring statement was that Rishi Sunak appears to agree that …
Business
Sky News
Lloyds Banking Group to close 60 branches including Bank of Scotland and Halifax locations
Lloyds Banking Group has announced that it will shut 60 of its branches this year.The closures will include 24 Lloyds Bank sites, 19 Bank of Scotland locations and 17 Halifax branches. Vim Maru, group retail director of Lloyds Banking Group said: “Just like many other high street businesses, fewer customers are choosing to visit our …
Business
Evening Standard
Bank of England urged to use ‘distasteful medicine’ as inflation hits 6.2%
Business
Sky News
P&O ferries may have ‘broken the law’ in sacking 800 workers, PM says
Boris Johnson has said he believes P&O Ferries may have “broken the law” in sacking 800 workers.His comments came as the company’s chief executive issued an apology for the impact of the decision to sack the staff without notice. Peter Hebblethwaite said in a statement he understood the “anger and shock” about the loss of …
Business
Sky News
National insurance, tax and fuel duty cuts as chancellor aims to tackle cost of living crisis
Rishi Sunak has raised the national insurance threshold by £3,000 and announced a cut in fuel duty tax by 5p a litre in an attempt to ease the burden of the cost of living crisis.Unveiling his spring statement in the Commons, the chancellor announced that he is increasing the rate at which workers start paying …
Business
Business Live
Jobs saved at collapsed Stroud manufacturer after business sold
A Gloucestershire company that collapsed into administration has been sold off in a deal that has saved more than 50 jobs. Autonumis, a Stroud-based manufacturer of refrigerated drinks dispensers, bottle coolers and vending machines, was acquired by Peak Analysis & Automation (PAA). Established in 1962, Autonumis is a light engineering company that employs 52 people …
Business
Sky News
Why the fuel duty cut is unlikely to be widely reflected at the pumps this week
The chancellor has slashed fuel duty to help ease record prices facing motorists and businesses, but it could be some time before the cut is reflected at the pumps.Rishi Sunak has told MPs in his spring statement that the 5p a litre cut for petrol was to take effect from 6pm this evening. But fuel …
Business
Business Live
What time is Rishi Sunak’s spring statement today and what can we expect?
Rishi Sunak will today deliver his spring statement “mini-Budget” and is expected to come up with ideas to help tackle the cost of living crisis. People and businesses in the UK are facing soaring energy costs and other rising bills. Today the Office for National Statistics confirmed inflation was at a 30-year high. The Chancellor …
Business
Business Live
Devon’s Bear Trail attraction reopens after £350k investment
Devon’s muddiest adventure trail opens for the new season in April following an investment of more than £350,000 in new facilities. The Bear Trail, which is based between Exeter and Cullompton, has gone from strength to strength since opening in 2016. It has been closed for the winter season and will be reopening on April …
Business
Business Live
Reduced stock availability pushes margins and profits up at Evans Halshaw, Stratstone and CarStore owner
The parent company behind big car showroom brands such as Evans Halshaw, Stratstone and CarStore has announced a big jump in revenues and profits. Pendragon Plc said last year it made pre-tax profits of £83 million compared to £8.2 million the year before. Revenues for 2021 hit £3.45 billion, compared to £2.92 billion a year …
Business
Business Live
Keld Spring Lodge Retreat in North Yorkshire, from Actually Group.

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