Weekly Digest – 6 March 2024

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

Update on HMRC double cab pick up guidance

The UK government has updated its HMRC guidance on double cab pick-ups classification. Read more about the recent HMRC reversal on Double Cab Pick Up (DCPU) tax treatment.

Banks placed on alert over ‘rogue’ Companies House filings

Britain’s biggest banks have been placed on alert over hundreds of ‘rogue’ filings which appear to have been lodged at Companies House, the UK’s central corporate register.

Business confidence remains high with firms set to increase headcount

Business confidence slipped marginally in February, but overall confidence remains robust supporting the view the UK economy has passed the worst. Lloyds Business Barometer, which measures business confidence, remained well above historical levels in February despite falling slightly compared to January.

Economic update: when will the UK exit recession?

The unwanted recession tag creates a headache for UK policymakers as the economy continues to struggle. ICAEW’s Economies Director Suren Thiru discusses the implications.

Pension funds forced to reveal how much they invest in British businesses

Pension funds will be forced to reveal how much of savers’ cash they invest in British businesses under new Government plans. The funds will also be required to publicly compare performance data on workplace pensions against their competitors, in a bid to help savers make ‘informed choices’.

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