Spending Review 2025: Takeaway Points for Your Business Last week, the Chancellor unveiled her Spending Review setting out how government departments will allocate money over the coming years. While much of the focus was on large-scale public services like the NHS and schools, there are some important signals here for businesses to take note of…
Named and Shamed: Employers Failing to Pay Minimum Wage In its latest round of investigations, HM Revenue and Customs (HMRC) have named 518 employers who have failed to pay the National Living or National Minimum Wage correctly to their staff. A total of £7.4 million will be paid by these employers to almost 60,000 workers….
When is Diversification a Good Business Strategy? It’s long been said that putting all your eggs in one basket is risky. Many small business owners may fear that risk of becoming a reality. Take the UK’s farming sector as an example. Faced with extreme weather, policy shifts and volatile prices, farmers have increasingly turned to…
What the New UK-EU Deal Could Mean for Your Business The UK government has agreed a new trade deal with the European Union, aimed at making it easier to do business across the Channel. This follows recent agreements with the US and India and is being presented as part of a wider effort to support…
Interest Rates Cut, Trade Talks Shift – What It Means for Your Business In the last couple of weeks, the Bank of England cut interest rates from 4.5% to 4.25%, and a new ‘trade deal’ was announced between the UK and the US. Let’s see what these news items can tell us about the latest…
Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! enquiries@shaikhfinancing.com MTD for Income Tax: Less Than a Year to Go If you’re a sole trader or landlord with annual…
UK Inflation Falls to 2.6% – But What’s Next for Your Business? In a small bit of good news, March’s inflation figures have been released showing a drop to 2.6% from 2.8% in February. The main reason? Lower petrol prices, which has offered some relief for households and businesses alike. However, April has brought fresh…
US Tariff Increases: 7 Concerns and What You Can Do About Them The US tariff saga continues to rumble on, and global markets have been tumbling. Retaliations – repeated in some cases – between certain countries and the US give more force to a growing global trade dispute. Even though the UK’s main rate is…
UK Government requests views to shape response to US tariffs The UK Government is currently considering its response to the ‘reciprocal tariffs’ announced by the US President Donald Trump on 2 April. Under the plans, a range of products exported from the UK to the USA would be subject to 10% tariffs. This is in…
Spring Statement: How is your business affected? The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement last week in which she outlined the government’s economic plans, including spending decisions, tax policies and efforts to boost growth while managing public finances. What did the statement tell us about public finances and the economy? The…