News & Events | WDM - Part 206

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Flexible working rights extended to all employees July 4, 2014

key points for employers As from 30 June 2014, all employees are able to request flexible working hours, as new legislation extends to all the same rights previously restricted to carers and those looking after children. The Department for Business, Innovation and Skills has said that 20 million people now have the right to ask
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Banks ‘ready for surge’ as New ISAs come into effect July 4, 2014

The British Bankers’ Association (BBA), which represents the major banks, said that its members are ready if there was a customer “surge” following the changes to ISAs. As from yesterday (Tuesday 1 July) all tax-free ISAs have become New ISAs (NISAs), with the amount that can be saved or invested in them increased to £15,000.
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Bank of England voices concerns over housing market July 4, 2014

Deputy Governor of the Bank of England (BoE), Sir Jon Cunliffe, has warned that the housing market poses the ‘biggest risk’ to the economy. Sir John said a major threat was ‘prices rising faster than people’s incomes’, which could lead to ‘a big increase in the amount of debt in the economy’. Recent figures released
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Zero hours contract ‘exclusivity causes’ to be banned June 26, 2014

Business Secretary Vince Cable has announced that exclusivity clauses for workers on zero hours contracts are to be banned. Such clauses tie people to one firm and prevent them from looking for additional work elsewhere to supplement their incomes. An estimated 125,000 zero-hours contract workers are bound by exclusivity clauses and Mr Cable said that
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MPs call for stamp duty and inheritance tax reform June 26, 2014

Conservative backbench MPs have urged the Chancellor to reform stamp duty and inheritance tax, as projections show that taxes collected from savers and home buyers will soon exceed revenue from so-called ‘sin taxes’. Nick De Bois, MP for Enfield North and Dominic Raab, MP for Esher and Walton, have called for a manifesto commitment to
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From the opening of our store to the eventual sale of four stores seventeen years later, WDM have provided invaluable assistance all the way along. They are more than just an accountant to us and we couldn't speak highly enough of them.

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