Economics Update – Jan 14th 2012

posted at: 12:08 pm, Posted in Latest News, By david
At its January meeting, the Monetary Policy Committee (MPC) decided to keep the increased limit on quantitative easing announced in October and to leave the bank rate unchanged once again. The CBI commented that the decision was expected, but noted that the MPC has signalled it is likely to expand

Self assessment deadline fast approaching

posted at: 11:31 am, Posted in Latest News, By david
HMRC are reminding taxpayers that the deadline for filing self assessment tax returns is fast approaching. According to their website: ‘You must send your online tax return by midnight on Tuesday 31 January 2012. The deadline is only later than this if you received your tax return,

Advisory fuel rates for company cars

posted at: 11:29 am, Posted in Latest News, By david
New company car advisory fuel rates have been published to take effect from 1 December 2011. HMRC’s website states: ‘These rates apply to all journeys on or after 1 December 2011 until further notice, allowing them to reflect fuel prices more quickly. For one month from

Pensions auto enrolment

posted at: 11:28 am, Posted in API Blog, By david
The Government has confirmed that pensions auto enrolment will commence in Autumn 2012 and all employers will remain within the scope of the rules. However small businesses, those with less than 50 employees, will be given additional time to prepare for the implementation. The

Economics update – Dec 16

posted at: 12:09 pm, Posted in Latest News, By david
Despite the failure to agree on a new EU treaty, Eurozone members and most other EU countries agreed to produce a new inter-governmental treaty laying the foundations of a limited fiscal union at last week’s European Council summit. The treaty would impose strict new limitations on the structural budget deficits

Black Christmas for the jobs market

posted at: 12:06 pm, Posted in API Blog, By david
The latest figures from the Office for National Statistics show clearly how much the labour market has deteriorated in the last 18 months, following the faltering early recovery from recession. The latest ONS figures have shown further increases in unemployment, and whilst the Chancellor’s Autumn statement has

Economics update – Dec 9th

posted at: 10:34 am, Posted in Latest News, By david
In a widely anticipated move, the European Central Bank cut its policy rates by 0.25 percentage points for the second month in a row, bringing rates back to where they were at the start of the year. At 1%, the main rate is still well above zero, in contrast to
The latest CBI/KPMG bi-annual survey of London businesses shows that only 13% feel more optimistic about prospects for the economy over the next six months, compared with 43% in June, and optimism about their own business prospects has fallen from 51% to 31% over the same period. On a more

Economics update – Dec 2nd 2011

posted at: 10:46 am, Posted in Latest News, By david
European advance survey indicators were generally poor this week once again. In the UK, the purchasing managers index (PMI) for manufacturing was little changed at 47.6 in November, making it the third of the last four months that the index has been below the 50.0 no-change level. New orders fell

A message from the Director General of the CBI

posted at: 3:35 pm, Posted in Latest News, By david
Dear member I just wanted to give my take on where we stand following the Chancellor’s autumn statement today. To my mind, this was overall positive news to help boost business growth and with your help and support we have managed to land a number of strong points which were picked
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