The decision by the Bank of England to hold the base rate at the historically low 0.1% will be a relief for individuals and businesses with variable interest rates on their debt finance. However, with inflation expected to reach 5% next year an increase in the base rate seems inevitable at some point in the near future.
At the height of the pandemic, the Government offered emergency loans up to £50,000 to businesses to cover their running costs at a time when trading was very difficult, if not impossible.
Rishi Sunak’s Autumn Budget will come as welcome news to many given the Government’s continued pledge to invest in Research and Development (R&D) activities.
As hospitality businesses in England have emerged from months of restrictions and those in Scotland continue to adapt to existing regulations, it might be a good time for businesses to take stock and see if their front of house systems still meet current and future needs.
Introducing electric cars into a business or organisation is no longer just about social responsibility. There are a number of benefits to driving an electric car, including some serious financial incentives such as electric car benefit in kind. There are also other considerations you need to make too. The main points to consider are listed below.