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UK avoids slipping into 2019 recession

Posted. 12 November 2019

The UK economy has narrowly avoided slipping into recession in 2019, according to the latest quarterly GDP figures.

The Office for National Statistics (ONS) claimed the economy grew by 0.3% in Q3 2019, following a 0.2% contraction at the end of Q2 2019.

Two consecutive quarters of negative growth would have meant the country was in a technical recession for the first time since...

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Over-50s fuel increase in freelancers

Posted. 11 November 2019

The number of freelancers who are over the age of 50 has increased 59% in the last decade, according to a report.

The Association of Independent Professionals and the Self-Employed (IPSE) claimed there are more than 1.9 million self-employed over-50s in 2019.

While that represented a 59% increase in the last ten years, the growth among skilled freelancers was even bigger.

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Landlords ‘prefer operating as limited companies’

Posted. 08 November 2019

Buy-to-let landlords prefer to purchase residential properties through a limited company, regardless of the size of their portfolio.

Foundation Home Loans (FHL) claimed that 62% of landlords with up to ten properties bought homes via a limited company in the three months to the end of September 2019.

That figure was almost matched (65%) among buy-to-let landlords with more than...

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Delay to loan charge review leaves thousands in limbo

Posted. 07 November 2019

A report into the controversial loan charge may not be published until after a deadline for settlements with HMRC has passed.

Up to 50,000 people whose employers had paid them through loans from offshore trusts dating back to 1999 were warned earlier this year they could face huge tax bills.

They were issued with a 5 April 2019 deadline to either settle or declare their tax bills...

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Commission calls for calm over planned NLW hikes

Posted. 06 November 2019

Employers that were braced to absorb substantial changes to the national living wage (NLW) in Budget 2019 have been handed a stay of execution.

The Low Pay Commission has held fire on recommending future NLW rates beyond 2020/21 and urged caution over the Treasury setting ambitious future targets.

Chancellor Sajid Javid previously pledged to raise the NLW to £10.50 an hour by...

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