Chancellor announces spending plans

Chancellor Sajid Javid has announced an additional £13.8 billion day-to-day spending on Government departments for 2020/21. In the Spending Review on 4 September 2019, the Chancellor said he was "turning the page on austerity", increasing funding for areas including...

Government lifts help-to-buy restriction

New measures have been introduced to make it easier for help-to-buy borrowers to take out 35-year mortgages. The changes, which took effect on 28 August 2019, were introduced on the back of remortgaging difficulties faced by homeowners using the help-to-buy scheme....

Javid ‘to broaden apprenticeship levy’

Further tweaks to the apprenticeship levy look to certain to be made in the autumn, when new chancellor Savid Javid delivers his first Budget. In his final Budget speech in October 2018, former chancellor Philip Hammond halved the amount small firms taking on...

HMRC presses on with IR35 in the private sector

The Government has published draft legislation on tax changes affecting private sector contractors from 6 April 2020. The off-payroll working rules, also known as IR35, are aimed at preventing work that HMRC regards as "disguised employment". IR35 was reformed in the...

Government to protect cash payments

The Government has announced new plans to protect access to cash payments, following reports of increasing cash machine withdrawal charges. The Chancellor, Philip Hammond, said the Treasury, regulators, and the Bank of England will be brought together in a new group...