Clemence Hoar Cummings Blog

With Artificial Intelligence, UK economy could see an extra £630 billion

Posted in blogs | Posted on 17 Oct, 2017

New research suggests that the UK could benefit from £630 billion, if Artificial Intelligence (AI) is supported and backed by the Government. The report, which was published earlier this month, highlighted…

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Business groups set out Autumn Budget wish lists

Posted in blogs | Posted on 16 Oct, 2017

The Federation of Small Businesses (FSB) and the Confederation of British Industry (CBI) have called on Chancellor Philip Hammond to support Britain’s small and medium-sized enterprises (SMEs) in the…

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Banks crackdown on lending ahead of consumer debt crisis

Posted in blogs | Posted on 13 Oct, 2017

Banks will crackdown on unsecured lending to households – amid concerns that the consumer debt crisis is spiralling out of control. The Bank of England (BoE) warned the banks have already cut back on…

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IMF suggests raising top rates of tax in developed countries

Posted in blogs | Posted on 12 Oct, 2017

The International Monetary Fund (IMF) has revealed that some “rich countries” could, in theory, raise income taxes without harming economic performance. It said raising the top rates of tax could reduce…

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SMEs set to boost the economy

Posted in blogs | Posted on 11 Oct, 2017

A new study suggests contributions from Small and Medium-sized Enterprises (SMEs) in the UK’s top ten cities will grow by an average of 19 per cent. Currently, SMEs based in the UK contribute £202 billion…

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Britain draws “record-breaking” number of tourists

Posted in blogs | Posted on 10 Oct, 2017

The UK tourism industry is “booming”, with the island expecting to see nearly 40 million overseas visitors by the end of this year. VisitBritain – the tourism body in charge of attracting tourists…

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HMRC helping to fight cybercrime

Posted in blogs | Posted on 9 Oct, 2017

As part of its ongoing crackdown on cybercrime, HM Revenue & Customs (HMRC) claims to have commandeered as many as 75 ‘deceptive websites’. The Revenue claims that it has successfully prevented…

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E-commerce grows “seven times faster” than global average

Posted in blogs | Posted on 6 Oct, 2017

E-commerce businesses have grown “seven times faster” than the global retail average, according to a new study.

Former pensions minister warns of “distressing” HMRC scams

Posted in blogs | Posted on 5 Oct, 2017

A former pensions minister turned political campaigner is urging members of the public to be wary of “distressing” scam telephone calls purporting to be from HM Revenue & Customs (HMRC). Baroness…

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One in four businesses unaware of apprenticeship levy benefits

Posted in blogs | Posted on 4 Oct, 2017

Around a quarter of apprenticeship levy-paying businesses still do not know how the new tax works, according to research. The British Chambers of Commerce, which published the report in conjunction with…

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