The US Federal Reserve has cut its main interest rate for the first time in ten years, but will it have a knock-on effect? Source: US Federal Reserve The last time the US central bank, the Federal Reserve, cut its main interest rate was in December 2008, in response to the fallout from the financial crisis. That last drop was preceded by nine interest rate cuts since September of the previous year. The final 2008 cut, ten days before Christmas, took the Federal Funds rate dow

The Treasury has had a rethink on company car tax rules which may make you review your company car needs. Do you know your WLTP from your NDEC? If you drive a company car, it might be useful to understand the distinction between the two: WLTP is the Worldwide Harmonised Light Vehicles Test Procedure, the latest way to measure vehicle emissions and fuel consumption based on something approaching real world data. For cars registered from 6 April 2020, the WLTP figures will be t

July ended with a new prime minister in Boris Johnson and a new chancellor in Sajid Javid, both with different ideas from their immediate predecessors. There is already speculation about what Mr Javid might produce in his first Budget and more importantly, what some much publicised tax proposals could cost. At the start of his campaign, Boris Johnson’s main tax proposal emerged as raising the higher rate threshold to £80,000 from its current £50,000 level and applying the sam