impact
Cutting Basic Level: Impact on Commercial Property Finance
Cutting the three British bank interest rates in six months will mean more than just a cheaper loan. On February 6, 2025, the Bank of England reduced its basic level by 0.25%, reduced it to 4.25%. This marks the third reduction in six months and while the direct impact may seem small, long -term implications, […]
How the Fall 2024 budget will impact SMEs
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Autumn Budget 2024: Looking at the impact on SMEs
“CGT increases on asset sales/business sales can impact future retirement plans, meaning clients work longer or save more. Salary tradeoffs are now more attractive considering that NI levels have increased.” Stamp Land Tax: The increase in Stamp Land Tax for additional properties will affect business actors who buy property. This is bad news for would-be […]
Autumn Budget 2024: a closer look at the impact on SMEs
With such intricate details, what do business owners need to consider in their budget? The government has given us a large budget for investment, improving the country’s foundations and promoting long-term stability. A new tax of £40 billion was announced to fund the sunny forecast, but the key message is that this budget will not […]