HLAS

The Valuation Office Agency (VOA) is urging businesses to create a business rates valuation account so they can access their latest commercial property valuation. The VOA updates the rateable values of all business premises in England and Wales every three years. The next revaluation will come into effect on 1 April 2026, based on open-market rental values as of 1 April 2024. Business rates are worked out from your property’s rateable value. While this is not the final bill, it is the starting figure. Local authorities then apply a multiplier and any reliefs that apply to calculate the amount payable. [...]

The government has confirmed that Professor John Van Reenen, a prominent economist from the London School of Economics, will be providing direct advice to the Chancellor on improving productivity across the UK. His appointment forms part of the government’s Plan for Change, which aims to boost economic growth and raise living standards nationwide. Professor Van Reenen is an academic with extensive experience in productivity, innovation, and business performance. He has previously served as Chair of the Chancellor’s Council of Economic Advisers. In this new role, he will dedicate one day a week without pay for 12 months to work with [...]

Last week, Aldi announced a pay increase for its store assistants, raising their hourly rate to at least £13.02 nationwide, making it the first supermarket in the UK to surpass the £13 mark. Within the M25, pay will start at £14.35 per hour, increasing to £14.66 with length of service. All employees, regardless of age, will receive the same minimum rate — significantly higher than the new National Living Wage of £12.21. This move builds on Aldi’s existing policy of paid breaks, valued at approximately £1,425 per year for the average store colleague, further cementing its position as a leader [...]

The Information Commissioner’s Office (ICO) has begun consultations on two important changes coming into force under the new Data (Use and Access) Act 2025 (DUAA). The consultations focus on: Recognised legitimate interest – a brand new lawful basis for handling personal information. Data protection complaints – new requirements for all organisations to have a process in place for handling complaints. Recognised legitimate interest This new lawful basis is separate from the existing “legitimate interests” ground and allows organisations to use personal information more confidently for certain pre-approved situations. These include: Crime prevention and public security. Safeguarding and emergencies. Sharing information [...]

The UK government is under renewed financial strain after long-term borrowing costs rose to their highest point in a generation. The yield on 30-year government bonds (gilts) has climbed to 5.72% – a level not seen since 1998. For the government, this makes borrowing significantly more expensive and increases the pressure on Chancellor Rachel Reeves to find additional revenue through taxation ahead of the Budget later this year. For businesses, tighter public finances could directly influence future tax and spending choices. Why borrowing costs matter Governments raise money by issuing bonds to investors, committing to repay the amount in future [...]

After three years of losses, Royal Mail has reported a return to profit under its new owner, Czech billionaire Daniel Kretinsky. Although the £12m profit (before redundancy costs) is relatively small compared to the £336m loss the previous year, it represents a significant turning point for a business that has been grappling with falling demand, increased costs, and reputational challenges. Royal Mail’s journey offers plenty of insight into what it takes for a business to adapt and progress in difficult trading conditions. Here are six takeaways. 1. Focus on Growth Opportunities Letter volumes continue to decline (down 4% in the [...]

The UK’s hospitality industry - covering restaurants, pubs, bars and hotels - has seen the sharpest rise in job losses since last autumn, according to new analysis. Industry body UKHospitality says that around 89,000 jobs have been lost since October 2024. They have said that hospitality has accounted for more than half of all job losses in the UK. The group warns that the total could reach 100,000 by the next Budget. Why Is Hospitality Being Hit So Hard? Reports suggest that a mix of rising costs and slowing demand is squeezing businesses from both sides: Higher wage costs: April’s [...]

HM Revenue and Customs has revealed that 170,000 scam referrals were made to them in the year to July 2025. While this represents a 12% fall compared with the previous year, HMRC is warning taxpayers to remain vigilant. Phishing scams are becoming increasingly sophisticated. They are no longer just poorly written emails full of spelling errors. Many now appear professional, featuring authentic-looking company logos and even QR codes designed to trick you into clicking on a link or sharing sensitive information. For small business owners in particular, falling victim to a phishing attack can have serious consequences beyond inconvenience – [...]

The Government has confirmed an additional £45 million in funding to expand support for young people not currently in education, employment, or training (NEETs). This investment extends the Youth Guarantee trailblazer scheme for a further year and forms part of wider plans to introduce a national Youth Guarantee. The aim is to ensure that all 18–21-year-olds are given the opportunity to either “earn or learn”. The Challenge According to recent data from the Office for National Statistics, there are 948,000 young people across the UK currently classed as NEET. Factors contributing to this rise in recent years include: Disruption to [...]

From 13 October 2025, Companies House will require all businesses to use GOV.UK One Login to access WebFiling. This change is part of a wider government move to introduce a single, more secure login system across all online services. What’s Changing? From 13 October 2025, you’ll need to connect your WebFiling account to GOV.UK One Login before you can continue filing. If you share your WebFiling account with others, only one person will be able to connect each WebFiling account to their GOV.UK Login. Anyone who shares access will need to create their own GOV.UK One Login, using a different [...]