The annual rate of inflation fell to 3.2% in March 2024, according to the latest Consumer Price Index (CPI) figures from the Office of National Statistics (ONS), its lowest level in two and a half years. The latest fall represents a 0.2 percentage-point drop on February's figures, with March's … [Read more...]
News for: General Business
New report reveals economic potential of Manchester Airport
A new report has revealed the full economic potential of Manchester Airport in driving growth across the North should future governments put the right conditions in place. Produced by Arup and published in March, it states that between now and 2050, the Northern gateway could secure direct … [Read more...]
Increase to VAT threshold takes effect
An uplifted VAT threshold of £90,000 has taken effect from 1st April 2024 that is expected to lift 28,000 small businesses out of paying VAT. The £5,000 increase in the threshold was announced in the Spring Budget and puts the UK’s VAT threshold at the joint highest level of any OECD … [Read more...]
Direct flights to launch between Manchester Airport and Shanghai
Economic and cultural links between the North-west and China are to benefit from the launch of direct flights between Manchester Airport and Shanghai. Juneyao Air’s new service, first announced in 2019 but postponed due to the Covid-19 pandemic, will launch on 1st July, running three-times … [Read more...]
Manchester Airport welcomes over 200 businesses to Meet the Buyer event
300 attendees from over 200 local businesses were able to meet directly with key prospective clients at Manchester Airport at its Meet the Buyer event. Small and medium-sized businesses from a variety of sectors were represented and had the opportunity to network with 29 major buyers at the … [Read more...]
Inflation drops to lowest level in nearly two and a half years
The Office of National Statistics (ONS) has reported that February 2024 saw inflation fall to its lowest since September 2021, with its headline Consumer Price Index (CPI) now at 3.4%. The fall, down 0.6 percentage points on January's figure, has helped largely by a slowdown in food and drink … [Read more...]
Prime Minister announces reforms to boost apprenticeships and support small businesses
Prime Minister Rishi Sunak has announced a number of reforms to support apprenticeships and small businesses in his speech addressing the Business Connect conference. Among the announcements made in Warwickshire on 18th March include funding to support more apprenticeships with small businesses, … [Read more...]
Cheshire East Council agrees budget plans
Cheshire East Council has agreed a budget for the 2024/25 financial year, which will focus funds on providing support where it will make the most difference. The budget was agreed on Tuesday 27 February at a meeting of full council, and outlines £30 million in savings across council services to … [Read more...]
Food prices fall for first time in two years, reveals ONS inflation data
The Consumer Price Index (CPI), the Office of National Statistics’ (ONS) headline rate of inflation, has held at 4% in January, despite forecasts predicting a small rise. A small rise in inflation in January had been expected as a result of the increase in Ofgem’s energy price cap pushing up … [Read more...]
Cheshire East Council to outline 2024/25 spending plans
Cheshire East Council is to set out financial plans for 2024/25 with councillors to vote on the draft budget at the meeting of full council on 27 February. A council tax rise of 4.99% and a number of changes to services are proposed to balance the books for 2024/25. Increased demand and costs for … [Read more...]
3.8 million Self Assessment returns still to be filed a week before deadline
With just one week to go before the 31st January Self Assessment deadline, HMRC estimates that 3.8 million are risking a £100 penalty if they do not file their tax return in time. HMRC is anticipating more than 12.1 million Self Assessment tax returns to be filed for the 2022-23 tax year, along … [Read more...]
Inflation rose to 4% in December 2023
The Consumer Price Index (CPI) rose slightly in December 2023 to 4%, the Office of National Statistics (ONS) has found. The slight increase, up from 3.9% in November last year, is the first uplift in the rate of inflation seen since February of the same year. Among the main contributors to the … [Read more...]