The Government is considering the possibility of enhanced tax credits for multinational companies, which include major players like Apple, Eli Lilly, and Microsoft.
Octopus Energy reported that its heat pump orders more than doubled in March compared to February, while sales of solar power systems increased by almost 80%. This trend reflects a growing consumer shift towards renewable energy solutions.
Our manifesto sets out a new direction for Wales one rooted in fairness but driven by ambition. We will take action where it is needed most - cutting NHS waiting times, supporting parents with the cost of childcare, raising standards in our schools, and growing a stronger Welsh economy that works for our communities.
Changes to the UK's IR35 tax legislation will redraw the lines of responsibility between businesses and the freelancers they engage, promising relief for many companies that previously bore the compliance burden.
So far this year, Revenue has paid out €637m in tax refunds to well over half-a-million taxpayers. Average refunds are nearly €1,000 for this year, new figures show, but more money is likely to be available to more PAYE workers. People got money back because of their employers taking too much income tax and for claims for tax reliefs like spending on GPs and prescriptions.
Drivers will feel some short-term relief as petrol and diesel prices edge lower, and markets are reacting strongly to the pause. But oil remains elevated, and that continues to feed through the entire economy, into prices, business costs and investment decisions.
Under current rules, once a business exceeds £90,000 in taxable turnover, it must register for VAT and charge 20 per cent on most goods and services. Registration also brings quarterly reporting requirements and compliance costs, often requiring specialist accounting support.
"While it encouraging to see insolvency rates decrease, we know that big name brands are struggling and the outlook for 2026 is far from rosy. Retailers and hospitality businesses who had hoped for more support from the Autumn Budget are now facing increased uncertainty. It seems as though the New Year may already see another Government U-turn, this time backing down on plans to scrap business rates relief for pubs that has been in force since the pandemic."
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He urged moderate unionists no longer represented by the Tories and rational nationalists no longer represented by the SNP to find common ground in their support for Reform, but dismissed any prospect of a second referendum on independence in the medium term. I say no to the distraction of another referendum, for at least another 10 years, without ruling one out in the future, he said.
