It’s the last finance round-up of the year, so make sure you’re up to date on the biggest small business finance headlines that we’ve been talking about before Christmas. What’s the current state of UK inflation, and will we all be getting pay rises in 2015? Read on to find out…
Feature of the week
Christmas bonus is a ‘thing of the past’ | Yahoo! Finance
Here’s some news that wouldn’t go down well in the Griswold household (National Lampoon’s Christmas Vacation, anyone?) It seems that while being a staple of Hollywood Christmas films, Christmas bonuses are slowly sinking into obscurity. This research article has found that less than one in ten companies will be dishing out festive bonuses this year – click on the link above to read more.
Not all the news is Christmas coverage. See our other top picks of the week below.
Martin Weale, a member of the Bank of England’s interest rate setting committee, has everyone on tenterhooks as he has predicted that many employees will enjoy higher pay in the upcoming year. Speaking on Radio 5’s Wake Up To Money programme, Weale says that many employers are becoming more confident and that this will pay-out for employees. Click above to find out why…
New analysis of figures from the Office of National Statistics has worked out that the UK’s poorest households make just £5,132 annually, once an average of 47% of their earnings are deducted by tax. This article compares these figures with those of the highest earning in yet another campaign against the UK’s tax system.
The taxman seems to treat firms differently according to their size | The Independent
Accountancy group UHY Hacker Young has conducted research that suggests that small and medium businesses are targeted unfairly by HMRC, while multinational companies conduct business unscathed. See this and other tax specialists’ views in this article from The Independent.
Year-ahead inflation expectations fell to 1.5% this December, the lowest level they’ve been since February 2009. Such expectations are likely to make people “more optimistic about their real income prospects, without the damaging effects that might occur if expectations of sustained deflation were to gain hold,” remarked economist Michael Saunders.