General

Your Summary of the 2022 Autumn Statement

November 17 2022 @ 4:54 pm by Sam Wright

Earlier today, the government delivered their autumn statement, unveiling a £55bn package of measures designed to steer the country through this period of economic difficulty. Whilst this may be the new government’s first official update on the state of the economy, it certainly isn’t Chancellor Jeremy Hunt’s first fiscal rodeo; you may recall his pretty […]…

Another Chancellor, Another ‘Fiscal Plan’: Analysing The Govt’s Latest Economic Intervention

October 17 2022 @ 3:51 pm by Sam Wright

So, here we go again. 24 days on from new Chancellor Kwasi Kwarteng’s ‘mini-Budget’ comes new Chancellor Jeremy Hunt’s somewhat less catchy sequel, the ‘Medium-Term Fiscal Plan’. The market’s explosive reaction to Mr Kwarteng’s wide-ranging tax cuts triggered a series of events that led to his ‘invitation’ to resign from his post. The pound plunged, […]…

Kwasi Kwarteng’s (Not So) Mini-Budget & What It Means

September 23 2022 @ 2:49 pm by Sam Wright

Earlier today, the new Chancellor, Kwasi Kwarteng, delivered a ‘fiscal statement’ (that’s a ‘mini-Budget’ to the rest of us) in the House of Commons. However, as events transpired, it turns out there really wasn’t anything mini about it at all, as Mr Kwarteng used his first speech as Chancellor to make some pretty seismic economic […]…

The Race for Number 10: Sunak, Truss & the Future of the UK Economy

July 26 2022 @ 9:49 am by Sam Wright

And then there were two. After three weeks of debates, power struggles, schmoozing colleagues, and un-ceremonial Love Island-style ‘dumpings’, Conservative party members are now set to decide the identity of our next Prime Minister. Will it be Foreign Secretary Liz Truss or former Chancellor Rishi Sunak? Following last night’s final TV debate, voting will begin […]…

The Race for Number 10: How will it affect your Tax?

July 13 2022 @ 9:34 am by Sam Wright

They say a week is a long time in politics but, these days, it’s starting to feel like an eternity. Over the weekend, around a dozen Conservative MPs were canvassing support having put themselves forward to replace Boris Johnson as both party leader and Prime Minister. From high-profile cabinet members like Rishi Sunak and Nadhim […]…

Danbro Gets Triple BIBAs Nomination!

July 05 2022 @ 9:47 am by Sam Wright

We’re delighted to announce that Danbro has been shortlisted for not one, not two, but THREE BIBAs – Lancashire’s most influential business awards. Our nominations include Business of the Year, Service Business of the Year and Employer of the Year – two of which we first won all the way back in 2011!   ‘Proud […]…

Spring Statement – March 2022

March 23 2022 @ 4:38 pm by Sam Wright

It’s not the first time in his tenure as Chancellor that Rishi Sunak has delivered a Budget or spending review amidst large scale financial uncertainty. And March’s Spring Statement was no exception. With food, fuel and energy prices spiralling, inflation and the cost of living on the rise, and debt remaining at record levels after […]…

Dividend Tax INCREASED by PM, Following Hike in NICs

September 13 2021 @ 12:17 pm by Sam Wright

‘Dividend tax’ – the tax on payments made by a company to its shareholders – is to increase by 1 & ¼ percentage points from April next year, as part of a new ‘Health and Social Care Levy’. Following last week’s announcement that both Employers’ and Employees’ National Insurance contributions (NICs) would rise by 1.25%, […]…

HMRC Offer ‘Support’ To Organisations Impacted By IR35 Changes

March 08 2021 @ 9:20 am by Sam Wright

HMRC have pledged support for individuals and organisations affected by the changes to off-payroll working (IR35) in the private sector, to ensure compliance with the new rules. In a policy paper released last month, HMRC explained that they will be taking a ‘light touch approach’ to penalties and, for the first year, no fines will […]…

UK Lockdown: Government announce additional support for businesses

January 06 2021 @ 4:00 pm by Sam Wright

As the UK enters its tightest restrictions since the outbreak of the pandemic, the Treasury has announced an updated package of support for businesses, to protect jobs and industries during lockdown. Following the Prime Minister’s address on January 4th, the Chancellor, Rishi Sunak, outlined a further £4.6bn worth of government support for businesses and employees. […]…
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