Business news
Sunak unveils tax cuts in Spring Statement
NICs thresholds set to increase.
Spring Statement: expectations
Chancellor’s speech expected to be “policy-light”.
Calls for clear tax registration
Changes could affect small businesses.
Income tax freeze set to bring in an additional £13bn
Higher inflation expected to bring more people into tax.
Bank of England increases interest rates to 0.75%
Bank rate back to pre-pandemic level.
Labour market continues to recover
Employment rate hits 75.6%.
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