News & Events | WDM - Part 216

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Business group predicts interest rate rise May 15, 2014

The Confederation of British Industry (CBI) has predicted that the housing market could force the Bank of England to raise interest rates early next year. Predictions are that UK GDP will rise from 2.6% to 3pc. In a recent statement the CBI said it is ‘bringing forward its estimated date of an interest rate rise
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SMEs ‘more likely to hire’ than larger businesses May 15, 2014

Small and medium-sized businesses are significantly more likely to hire new staff in the next quarter of the year than larger businesses, a new report from the Chartered Institute of Personnel and Development (CIPD) has revealed. According to the research, SME employers are nearly five times more likely to take on new staff over the
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Report indicates surge in self employment May 7, 2014

The think tank Resolution Foundation has released a report showing that the number of self employed people has increased by 650,000 since 2008. 4.5m people are now self employed in the UK. Concerns have been raised that this increase could be the real driving force behind the recent fall in unemployment figures, which the Coalition
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Higher rate taxpayers contribute two-thirds of total UK tax May 7, 2014

Taxpayers liable to the 40p and 45p income tax rates will pay 67% of Britain’s total tax bill by 2014/15, even though they represent only 16% of the UK population, according to figures released by HMRC. Under the Coalition Government over a million additional people have become liable to the higher and additional rates of
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Annual house price growth hits double digits May 7, 2014

Annual house price growth in the UK has hit double digits for the first time in four years, according to Nationwide. In the year to April, prices rose by 10.9%, the first annual double-digit growth since April 2010 and the fastest rate since June 2007. Robert Gardner, Nationwide’s chief economist said: “After several months of
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