Weekly Digest – 9 October 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

Bank of England could be ‘more aggressive’ with interest rate cuts, says governor

Bank of England governor Andrew Bailey has said interest rate cuts could soon become “more aggressive”, sparking a drop in the value of the pound.

UK trade mission visits Kyiv to deepen industry ties

A UK trade mission visited Kyiv to strengthen industry connections, focusing on sectors like infrastructure, energy, and healthcare. Discussions centered on enhancing trade partnerships, investment opportunities, and collaboration in key areas. The mission aimed to boost economic ties between the UK and Ukraine through strategic engagements and networking.

Recruiting 5,000 new HMRC compliance officers just first step in fixing UK’s tax system, says Blick Rothenberg

Recruiting 5,000 new HMRC compliance officers is just the initial move to improve the UK’s tax system, per Blick Rothenberg. More resources are needed to tackle tax evasion effectively.

Make September birth boom a bank account boon

HM Revenue and Customs (HMRC) is awarding £5.5 million to voluntary and community organisations to support customers who may need extra help with their tax affairs.

How fiscal rules are impeding long-term investments – and what Rachel Reeves can do about it

How Chancellor Rachel Reeves could change the fiscal rules to give her tens of billions more in “headroom” and extend debt deadlines in order to pursue longer-term investment.

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