You've probably heard about the government’s bold strategy to tackle the housing crisis by focusing on what's known as "grey belt" land. This describes poorly used land on the edges of our towns and cities – think old petrol stations, disused factory sites, and forgotten patches of land that have been sitting idle for years.

The idea is simple but effective: transform these wasted spaces into new homes and business premises, while keeping the important green belt areas that protect our countryside intact.

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A significant shift has occurred in the trading relationship between the United Kingdom and the United States. The Prime Minister has successfully negotiated a new trade arrangement with the US, delivering substantial advantages for British exporters, with particular benefits for the automotive and metals sectors. This agreement, coupled with an unexpected trade deal between the US and China, represents a fundamental transformation in global commerce that could create opportunities for your UK enterprise.

Following the Spring Statement delivered on 26 March 2025, British businesses are now facing heightened examination of their tax submissions.

UK manufacturing and engineering sectors have consistently led the way in innovation whilst operating within highly competitive marketplaces. To maintain competitive advantage in these industries, companies must develop sophisticated processes, groundbreaking products and specialised equipment. These essential developments involve considerable investment and risk, making Research and Development (R&D) expenditure necessary for continued success.

With Employer National Insurance Contributions (NICs) increasing in April 2025, businesses across the UK are concerned about the substantial financial impact these changes will bring.

Whilst most business owners recognise that capital allowances offer tax relief on plant and machinery, it's less commonly known that 'Plant and Machinery' lacks a statutory definition.