This week we take an overview of current business and economic developments in the UK, focusing on several key areas. Firstly, updates reveal that the state pension is set to rise due to the triple lock guarantee, but the concurrent freeze on the personal income tax allowance means more retirees may soon face tax obligations. Secondly, the articles report that the inflation rate remains stable at 3.8%, though higher than in Europe, and that the Bank of England has kept interest rates unchanged to manage inflation. Thirdly, there are legislative and regulatory updates, including the Employment Rights Bill progressing towards Royal Assent, and government commitments to reform business rates to support small business growth. Finally, the sources cover broader business impacts, such as major US tech investments in the UK’s AI sector and the finding of serious gaps in workplace hearing protection according to the Health and Safety Executive.Simply Accounts & TaxE: [email protected]: www.simplyaccountsandtax.com YouTube

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