As of 1 October 2024, the Employment (Allocation of Tips) Act 2023 will come into full force, bringing significant changes to how tips, gratuities, and service charges are handled in the UK.
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Today, the Bank of England announced its decision to maintain the interest rate at 5%. This decision comes at a critical time as the UK grapples with several financial challenges.
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The latest figures from the Office for National Statistics reveal that the UK’s Consumer Prices Index (CPI) rose by 2.2% in the 12 months to July 2024, up from 2.0% in June 2024.
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