Weekly Business News - 24Nov24

An overview of several major upcoming business, regulatory, and financial changes impacting UK enterprises and consumers. Key updates include the Financial Services Compensation Scheme (FSCS) deposit limit rising to £120,000, and an increase in Temporary High Balances protection to £1.4 million, prompting businesses to review their cash management strategies. Furthermore, the documents detail a slowing of UK inflation to 3.6% ahead of the Autumn Budget, and outline a significant consumer protection drive by the Competition and Markets Authority (CMA) focusing on misleading online pricing under new legislation. Other important regulatory announcements cover a multi-phase implementation of the Renters’ Rights Act starting in May 2026, new lower business rates multipliers for Retail, Hospitality and Leisure (RHL) properties, and an HMRC reminder for seasonal sellers to check their tax obligations. Finally, advice is offered regarding choosing the correct accounting system and staying vigilant against fraud during the festive shopping season.

Simply Accounts & Tax

E: office@simplyaccountsantax.co.uk
W: www.simplyaccountsandtax.com

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