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Autumn Statement paints painful backdrop to UK finances
The post-Brexit referendum Autumn Statement was never going to be pretty. But even forecasters hadn’t anticipated the scale of Governments borrowing projections in Philip Hammond’s first Autumn Statement. At £100bn it’s the equivalent of the entire NHS budget and over half of this figure is the anticipated costs of Brexit. Whilst no-one is projecting a recession, with growth forecasts of +1.7% in 2018 raising to +2% by 2021, it’s clear that challenging times are ahead. We review the key points arising and how they may affect you and your business.
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Time Management – Best Practice from Highly Effective Leaders
Time, it’s the one thing that none of us can control. Or so you would think. Yet high performing individuals seem to defy this logic so we take a look at the lessons you can learn and steps you can put in place to get the best form this limited resource.
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Government to replace EU funding post funding
Chancellor Philip Hammond promises EU funding guarantee for farmers, scientists and other EU-funded projects, in a move that could cost the treasury up to £6bn a year.
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6 Steps from Startup to having a Thriving Business
Inheritance tax is due at 40% on anything above the threshold of £325,000 with a reduced rate of 36% if the person leaves more than 10% of their estate to charity. The rules around trusts are complex, and will require that you seek professional advice, but can be a way of reducing your inheritance tax liability.
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Retirement age NI bonus
If you are employed when you reach the State Retirement Age (SRA), you no longer have to pay Class 1 NI contributions, or Class 2 contributions if you are self-employed. You will, however, still have to pay Class 4 NIC for the entire tax year during which you achieve the SRA. The year after that you will be exempt.
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