Download.pdf

PWP-March-2023-Insider.pdf
Preview of Download
🔗 Source: pmkassociates.co.uk
📊 Size: 180 KB
📄 Pages: 2 pages
⬇️ Downloads: 23

Summary

The Bank of England has raised its interest rate to 4%, the highest in 14 years, to meet the 2% inflation target. The decision aims to sustain growth and employment in the medium term. Over 300,000 taxpayers missed the self-assessment deadline, incurring £32m in late penalties. Chancellor Jeremy Hunt outlined plans for economic growth, focusing on 'enterprise', 'education', 'employment', and 'everywhere', with tax cuts only considered when the time is right. The Association of Taxation Technicians welcomes a report calling for a pause in proposed R&D reforms, citing concerns over ineffective rule changes and increased administrative burdens.

Description

The Bank of England has raised its interest rate to 4%, the highest in 14 years, to meet the 2% inflation target.

Technical Information

  • File Format: PDF
  • File Size: 180 KB
  • Pages: 2
  • Language: EN
  • Total Downloads: 23
  • Last Updated: 1 month ago

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