NS&I has today pushed up the interest rate on its Income Bonds by 14 basis points, from 0.01% gross/AER to 0.15% gross/AER.

The Prime Minister has announced rises to dividend and share tax and a rise in National Insurance from April 2022 to address the funding crisis in the health and social care system.

The Government is to give its Insolvency Service greater powers to tackle firms that try to ‘phoenix’ by setting up near identical new businesses to avoid liabilities and will also target directors who deliberately dissolve firms to avoid bills.

The government has launched a review of the taxation and regulation of UK funds.