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BBC analysis reveals full extent of changes to Britain’s High Streets

6 Dec 2022

The BBC has published comprehensive analysis of Ordnance Survey data that reveals the full extent of changes to Britain's High Streets after two years of Covid lockdowns and trading... Read more…

Cycling UK names its 100 Women in Cycling 2022

30 Nov 2022

Cycling UK has published its annual 100 Women in Cycling 2022 list celebrating inspirational women in cycling.
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Cycling in London up 40% since the start of the pandemic, TfL reports

30 Nov 2022

Cycling in London has increased by 40% since the start of the pandemic, including a near-doubling of journeys by bike at the weekend, according to the newly published annual Travel in London... Read more…

UKCA mark deadline delayed - CE marks okay to use till end of 2024

29 Nov 2022

The Business Secretary, Grant Shapps, has announced that businesses are to be given a further two years to apply new product safety marking.
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New report claims UK lagging behind Europe in cycling infrastructure development

29 Nov 2022

A new survey of 2,000 British cyclists, which is part of a wider European report, claims that only just over a quarter of people in the UK think their local cycling infrastructure has improved... Read more…

Large number of bike shops help Cambridge be as named best city for independent retailers

24 Nov 2022

According to a new survey, Cambridge is the best in the country for independent shopping to support small businesses. The study found that many of the city's small businesses turned out to be... Read more…

Indie Retailers in York to get funding boost from City Council

22 Nov 2022

Groups of independent retailers in York are to receive a £25,000 funding boost to help with promotion during the Christmas trading period and to attract more customers in 2023.
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IRC backs ‘Colour Friday’ alternative to Black Friday sales

22 Nov 2022

The IRC has joined bira and other retail trade associations in backing the ‘Colour Friday’ alternative to this week’s Black Friday sales.
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Wandsworth indies comes together to boost local business during Christmas

21 Nov 2022

Shop owners in Earlsfield, Wandsworth are teaming up in the run-up to keep the high street busy in the run-up to Christmas. With the cost-of-living crisis affecting independent shops, the... Read more…

V12 are extending their opening hours to support retailers and customers during this festive period.

21 Nov 2022

During this festive period, V12 want to increase the support available to you and your customers. From this Friday their Customer Services, Underwriting and Validations teams will be operating... Read more…

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National Insurance to increase through a health and social care levy

Posted on in Business News, Cycles News, Creative News, Outdoor News, Political News

The ParliamentPrime Minister has announced a new tax in the form of a Health and Social Care Levy.

From 1st April 2022, employer NICs will increase by 1.25 percentage points. Employee NICs will also increase by 1.25 percentage points, including for workers above state pension age.

It was also announced that self-employed Class 4 NICs will also increase - paid on annual profits beyond £9,569 and company dividend payments will rise from 7.5% to 8.75%.

The tax rise will raise £12bn, ringfenced to fund investment in health and social care. The investment will be spent on the following:

  • Tackling NHS Covid backlogs and cut waiting times with new £36 billion investment for health and social care
  • Responsible, fair, and necessary action taken to provide biggest catch-up programme in the history of the NHS and reform the adult social care system
  • NHS capacity to increase to 110% of planned activity levels by 2023/24, offering more appointments, treatments, and operations
  • Social care reform plan will end catastrophic costs for people across the country, and include extra investment in care sector to improve training and support
  • Funded by a new Health and Social Care Levy on working adults and an equivalent rise in the rates of dividend tax to make sure everyone pays their fair share
More information about the investment can be found here.


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