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Autumn Statement 2022: Key points for the parks sector

Autumn Statement 2022: Key points for the parks sector

Chancellor Jeremy Hunt says the Government’s priorities are ‘stability, growth and public services and to protect the vulnerable’ as he delivered the Autumn statement. He announced a £55 billion package of consolidation measures with tax rises and spending cuts in order to stabilise the public finances, reduce debt and combat high inflation and high interest...

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Energy saving tips for small businesses

Energy saving tips for small businesses

If you’re a small business anxious to find ways to save money, the small business hub contains useful information for business owners, including: How to request a smart meter Money saving tips Energy saving tips There is also information on tariff matching, managing energy in rental properties and the smart charging of electric vehicles.

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Government introduces new Energy Prices Bill

Government introduces new Energy Prices Bill

UK government has introduced its Energy Prices Bill, putting into law support to help businesses and others with energy costs this winter. The Bill also includes powers to stop volatile and high gas prices dictating the cost of electricity produced by cheaper renewables. Government says consumers will pay a fairer price for their electricity as new...

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Duty rate rises on beer wine and spirits cancelled

Duty rate rises on beer wine and spirits cancelled

Chancellor Kwasi Kwarteng MP has announced he will be cancelling planned increases in duty rate rises for beer, wine and spirits.  This was confirmed in his mini-budget on 23 September 2022, along with an 18-month transitional measure for wine duty. The government is also set to extend draught relief to cover smaller kegs of 20 litres and above,...

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Reduction in NI rates announced

Reduction in NI rates announced

The government has announced in-year reductions to National Insurance rates and the cancellation of the Health and Social Care Levy as a separate tax. The key changes are:  National Insurance contribution (NIC) rates will be cut by 1.25 percentage points for employees, employers and the self-employed, effectively reversing the uplift introduced in April 2022 for...

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New PM introduces Energy Price Guarantee

New PM introduces Energy Price Guarantee

Support for businesses Suspension of green levies Prime Minister, Liz Truss has announced that the Government was moving immediately (8 September 2022) to introduce a new Energy Price Guarantee that would give greater certainty on energy bills, curb inflation and boost growth. She said the guarantee included a temporary suspension of green levies and mean...

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Recovery Loan Scheme extended for two years

Recovery Loan Scheme extended for two years

It has recently been announced that the Recovery Loan Scheme, which was launched in April 2021, has been extended for two years to continue to provide access to up to £2m for businesses recovering from Covid and, latterly, facing the challenges associated with the cost of living crisis. Read the announcement here. Follow this link...