Jeremy Hunt extends alcohol duty freeze until August December 19, 2022 Planned hikes in alcohol duty have been put off until August, afterJeremy Hunt decided to extend the current freeze a further six months. The chancellor was due to increase duty on beer, wine, cider and spirits by the annual increase in RPI on 1 February. This would have meant an average increase of 7p for [...]
Hunt confirms full fat budget and OBR forecast on 15 March 2023 December 19, 2022 The government will deliver a full fat budget on 15 March next year, chancellor Jeremy Hunt confirmed today. The announcement will be accompanied by an assessment of the impact of the government’s tax and spending plans on the public finances by the Office for Budget Responsibility (OBR). Last month, Hunt delivered what was in effect [...]
Liz Truss, Bill Hwang and Elon Musk: The 2022 awards you don’t want to win December 18, 2022 We started the year with Boris Johnson in Downing Street and optimism for a Covid-19 rebound. It didn’t quite turn out that way – and here’s our pick of the best of the best (or worst of the worst) of 2022… THE MUM OF THE YEAR AWARD This year hasn’t been smooth sailing for e-commerce retail [...]
Nervous buyers see house prices fall in largest monthly dip in four years December 12, 2022 House prices have fallen in the largest monthly dip in four years due to buyer nerves in the wake of economic and political turmoil. The average price of a house coming to the market is down £7,862 this month, a drop of 2.1 per cent, according to Rightmove’s latest house price index. The average price [...]
The best sports cars to buy in 2022 November 18, 2022 We nominate the best sports cars on sale in 2022, from the eccentric Morgan Super 3 to the venerable Porsche 911.
Independent petrol retailers cut prices to lure Brits as wholesale costs ease November 18, 2022 Price competition has returned to the pumps, with independent forecourts offering better petrol deals for Britain's drivers, says the AA.
OBR: UK is already in recession and taxes on course for post World War II high November 17, 2022 The UK is already in a recession that will burn a huge hole in the public finances, forcing the government to hike taxes to their highest level since just after the Second World War in the 1940s, the country’s fiscal watchdog warned today in forecasts published alongside Jeremy Hunt’s autumn statement. The Office for Budget [...]
Hospitality leaders warn of ‘severe contraction’ as Budget does little to alleviate closure concerns November 17, 2022 High street industry leaders have issued bleak warnings for this winter following the Chancellor’s Budget, forecasting a wave of closures and stark price hikes for punters. The OBR predicted that real household disposable income per person would plunge more than seven per cent over next two years, marking the biggest drop on record. While businesses [...]
The best luxury SUVs to buy in 2022 November 16, 2022 We round up the best luxury SUVs you can buy, including the Aston Martin DBX, Bentley Bentayga, Range Rover and Rolls-Royce Cullinan.
Windfall tax hike risks no new investment in North Sea, warns analyst November 14, 2022 The UK risks no new investment in the North Sea oil and gas sector, if the Government toughens up the windfall tax, warns Stifel.