Business investments

Cautious Businesses Delaying Investments

Businesses are in no rush to make investments amid the ongoing uncertainty of Brexit, according to the Institute of Chartered Accountants in England and Wales (ICAEW). More than one in four businesses are delaying investment decisions as the government continues negotiations with the EU. As a result of their collective cautiousness, 61% of those firms[…]

Pension reforms could cost £5 billion

The pension reforms introduced by George Osborne could cost £5 billion and push house prices up in the long term, according to the Office for Budget Responsibility (OBR). The report examined the projected economic effects of a range of the ex-chancellor’s reforms, including the pension freedoms and savings products such as the Help to Buy[…]

Lifetime ISAs

A guide to the Lifetime ISA. Announced by Chancellor George Osborne in Budget 2016 and launching on 6 April 2017, the Lifetime ISA is designed to provide a tax-efficient option for people saving for a first home or retirement. Buying a first home and saving for retirement represent 2 of the most important aspects of[…]

150,000 secure home ownership from Help to Buy

More than 150,000 people have bought a home using the Help to Buy Scheme since its launch in 2013. The mortgage guarantee scheme, which allows lenders to buy a guarantee on mortgage loans, has proved popular with first-time buyers. The Treasury reports that 79% of mortgage completions through the mortgage guarantee scheme were people buying[…]

“Real test” for auto-enrolment ahead

Auto-enrolment has been a success for larger employers, but the “real test” lied ahead as smaller employers begin to enrol their employees, a report by the Public Accounts Committee has concluded. 1.8 million smaller employers will soon begin the process, but the committee notes that The Pensions Regulator does not yet have access to the[…]

Self-employed workforce continues to grow

The number of people choosing to become self-employed has continued to grow, making up 15% of the total workforce. Now numbering a record 4.6 million, the self-employed population has increased by 80,000 since 2008. The analysis by the Department of Business, Innovation and Skills also shows that becoming self-employed is proving increasingly attractive to older[…]

Government productivity plan lacks focus

The government’s productivity plan has been described as a “vague collection of existing policies” by the Business, Innovation and Skills (BIS)Committee. The committee has questioned whether the plan has enough focus and said that results will not be guaranteed in areas such as skills and education. Plans to increase apprenticeships to 3 million by 2020[…]