The Bank of England (BoE) has raised UK interest rates by half a percentage point to 3.5%. It is the ninth consecutive increase and takes the base rate to its highest level for 14 years as the Bank battles to stem soaring prices. The Bank's Monetary Policy Committee (MPC) voted 6-3 in favour of putting rates up by 0.5%. The BoE also warned that further increases may be necess ...

Chancellor Jeremy Hunt has announced that the Spring Budget will be delivered on 15 March 2023. Mr Hunt stated that he has commissioned the Office for Budget Responsibility (OBR) to prepare an economic forecast to accompany the Budget. The Spring Budget will be the Chancellor's second fiscal event, following November's Autumn Statement. Mr Hunt used the Statement to reverse m ...

Cash couriers are those persons who physically transport cash from one jurisdiction to another. In conjunction with the Counter Terrorism unit of the Metropolitan Police, CCEW has published a warning to charities operating internationally against the use of cash couriers as a means of transferring charity funds due to the significant risks involved. Those risks include: As c ...

CCEW has held a consultation on the content of the annual return, proposing a number of changes to aid their regulation of the sector. The consultation has now concluded and the responses are still being analysed, but it seems clear that charities will have to answer a significant number of additional questions as part of their annual reporting to the Commission. For the first ...