companies house made easy

self-assessment deadline extended

Sole traders, entrepreneurs and other individuals who are required to fill out self-assessment tax returns will not receive a late filing penalty if they make their submission on the 1st or 2nd of February.

schools must develop entrepreneurs

The Forum for Private Business has called for schools to play a leading role in encouraging entrepreneurship amongst young people.

google targets welsh SMEs

Search engine giant Google has announced a 12 month campaign to get businesses in Wales to start using the web.

view all news

The Bank of England’s Monetary Policy Committee has kept interest rates at 0.5% for another month, despite fears over rising inflation.

In April, the Consumer Prices Index (CPI) rose to 3.7%, a 17 month high, forcing governor of the Bank of England, Mervyn King, to write to the new Chancellor, George Osborne, with an explanation.

The Retail Prices Index (which includes house prices and is generally used to calculate changes in pay and pensions) rose even further, hitting 5.3%, the highest level for 19 years.

“If the recovery continues as expected, that will gradually erode the slack in the economy, bringing inflation back to target,” states Mervyn King in his letter to the Chancellor.

The Office for National Statistics (ONS) stated that the increases have been due to rising food and fuel costs, as well as higher duties on alcohol and tobacco.