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Britain’s first female Chancellor, Rachel Reeves, delivered her maiden budget speech on Wednesday 30th October 2024, marking Labour’s first fiscal announcement in 14 years. In a wide-ranging address focused on economic growth and budgetary responsibility, she unveiled several major tax changes and a new approach to government borrowing. Key changes…
This November, male members of the Folkes Worton team will be taking part in Movember to help raise funds for Prostate Cancer UK. There is a JustGiving page CLICK HERE TO VISIT THE PAGE – all donations will be gratefully received and go directly to Prostate Cancer UK. From Friday…
£63 billion in new UK investments set to create 38,000 jobs At the International Investment Summit, the UK government announced nearly £63 billion in new investments, which are expected to create 38,000 jobs. These investments, which span various sectors, are projected to fuel growth across the country. While these investments…
The Office for National Statistics (ONS) have reported that their measure for inflation (Consumer Prices Index) fell to 1.7% for September. This is an unexpected reduction and is the lowest inflation has been in more than three years. Drops in airfares and petrol were the main reasons for the reduction.…
SAVE THE DATE for The John Buckley Memorial Golf Day! On Friday 20th June 2025, Folkes Worton will be hosting a charity golf day at Blackwell Golf Club in memory of our colleague, John Buckley, who sadly passed away with MND. All proceeds from the Golf Day will be donated…
Why business owners should start using KPIs to drive success As a small business owner, it’s easy to get caught up in the day-to-day operations and miss the bigger picture. You might rely on gut feelings or a quick glance at your bank account to determine how well your business…
Companies House has rolled out a new penalties regime as part of a broader effort to boost corporate transparency and combat economic crime, following the implementation of the Economic Crime and Corporate Transparency Act 2023. This could mean tougher consequences in the shape of financial penalties for companies that don’t…
If you’re a new parent, congratulations! Apparently, around 2,000 babies are born on 26 September each year – more than any other day. Therefore, HM Revenue and Customs (HMRC) is reminding parents to claim their Child Benefit. A claim can be made online and the first payment could be received…
What employers and employees need to know As of 1st October, new laws are in place to ensure that workers keep 100% of the tips, gratuities, and service charges they earn. This is a major development for employees in sectors such as hospitality, where tipping plays a significant role in…
Welcome to our October Tax Update. In this edition we take a look at the potential changes to Capital Gains Tax and pensions in this month’s Budget, checking your state pension entitlement, a scam letter warning from HMRC and upcoming dates on the accounting horizon. POSSIBLE CAPITAL GAINS TAX CHANGES…