interest rates Archives - Freelance Informer

Inflation rises again, squeezing freelancer finances

UK inflation has risen to 2.6% in the year to November 2024, driven by higher prices for fuel, clothing, and entertainment, according to the Office for National Statistics (ONS). This unwelcome news puts further pressure on freelancers and…

Should HMRC profit from taxpayers?

HMRC’s reduced interest on late payments hides the refunds “elephant in the room” says one contractor sector specialist The UK tax authority, HMRC, recently announced a reduction in the interest rate charged on late tax payments,…

Miss the July 31st payment on account deadline? This is how much it could cost you and what to do…

Self-Employed Workers Face Steep Penalties as Crucial Tax Deadline Looms Millions of self-employed individuals face a rapidly approaching tax deadline that could result in significant financial penalties if missed, warns tax insurance…

More interest rate hikes on the cards says expert

Freelancers should prepare for more bad news to hit the economy later this year. The good news is, there are actions freelancers can take now to get ahead The latest employment and wage figures from the ONS could spark the Bank of…

Freelancers to enter survival mode if Bank of England raises interest rates again

Freelancers are going to have to work more or smarter or both to keep the lights on A Bank of England rate-setter, a Goldman Sachs strategist and an analyst from the Centre for Economics and Business Research walk into a bar. What do…

Self-employed to get rough deal says new report

Freelancers and small business owners looking to apply for business loans and credit cards this year can expect to see less competitive rates and even less funding, finds a report Small business lending is not looking rosy in the UK.…