To address some of the concern over increasing energy prices the Government has announced an Energy Bill Relief Scheme. This will apply to all non-domestic customers, including businesses, the voluntary sector and public sector organisations, and will provide a discount on wholesale gas and electricity prices that is equivalent to the Energy Price Guarantee that has been put in ...
FCA warns that eight million are struggling to keep up with bills
Almost six in ten UK adults are struggling to keep up with their bills, according to new research from the Financial Conduct Authority (FCA). The research estimates that 7.8 million people were struggling to keep up with their bills - an increase of around 2.5 million people since 2020. In addition, 60% of UK adults are estimated to be finding it a 'heavy burden' or 'somewhat ...
Charity News: Public trust in charities
The level of trust placed in the charity sector remains high, despite there being an overall decline in the level of trust being placed generally in public bodies, according to a report recently published by CCEW. The charity sector is placed second in the list of the most trusted parts of society, with only doctors being ranked higher. The report does show though that support ...
Charity News: Charities and the cost of living crisis
Just a few months ago many charities would have been hopeful that with restrictions related to the COVID pandemic being relaxed things would return to normal and they could start to look to the future with optimism. Sadly though in 2022 the challenges for the sector keep on coming. At the start of the year the crisis in Ukraine saw many organisations looking to help with the in ...
HMRC targets buy to let landlords with nudge letters
Buy to let landlords are being contacted by HMRC in its latest nudge campaign, which identifies people who may not be declaring their full rental income. These nudge letters are widely targeted at individuals or businesses based on information received, primarily from other governmental departments such as, banks or, the tenancy deposit scheme. Landlords in England are limite ...
Inflation returns to 40-year high
The rate of inflation rose to 10.1% in September as the economy felt the effects of rising prices and the fallout from the Mini Budget, according to the Office for National Statistics (ONS). The ONS said the Consumer Prices Index (CPI) measure rose from an annual rate of 9.9% in August to match the recent 40-year high seen in July. The report showed that the largest upwards c ...
Persons of significant control (PSCs) - HMRC nudge letters.
HMRC has issued a new round of one-to-many letters aimed at persons of significant control (PSCs) who have declared income of under £100,000 or who have not submitted a tax return.