Grounds Maintenance Company Fined After Employee Fatality

MHS Countryside Management Limited was fined £27,000 after an employee died operating a ride-on lawnmower. The Health and Safety Executive investigation found the company failed to conduct a risk assessment and the machine's safety roll-over protection system had been removed. The company pleaded guilty to breaching the Health and Safety at Work etc. Act 1974.

Care Home Fined After Resident Choked to Death

Riverside Care Limited has been fined £16,000 after a resident choked to death on food not prepared to his dietary requirements. The Health and Safety Executive investigation found a failure in the system for preparing modified meals, leading to a fatal outcome. The company pleaded guilty to breaching the Health and Safety at Work etc. Act 1974.

Company Sentenced for Worker Vibration Illnesses

Drury Engineering Services Ltd was fined £44,000 after pleading guilty to health and safety breaches that led to seven workers developing vibration-related illnesses. The company failed to adequately assess risks, implement control measures, or provide health surveillance and training.

Bank of England Consultation on CCP Mobilisation Powers

The Bank of England has published a consultation paper outlining its proposed approach to using its requirements and permissions powers to facilitate the mobilisation of new Central Counterparties (CCPs). The consultation seeks feedback on how these powers will be applied to new CCPs entering the market.

Bank of England Weekly Report

The Bank of England published its weekly report on March 5, 2026, detailing the latest data on its assets and liabilities as of March 4, 2026. The report includes figures for sterling and foreign currency assets and liabilities, providing a snapshot of the Bank's financial position.

UK MFI External Business Statistics Q4 2025

The Bank of England has published the UK MFI external business statistics for Q4 2025. This release incorporates updated country grouping conventions aligned with the Bank for International Settlements (BIS). External liabilities increased by $114.1 billion and claims by $109.5 billion in Q4 2025.

UK Business Price Growth and Inflation Expectations

The Bank of England's Decision Maker Panel survey for February 2026 shows realised annual own-price growth at 3.7%, unchanged from the previous month. Year-ahead own-price inflation expectations decreased slightly to 3.4%. The survey also noted a decrease in expected CPI inflation and a slight decline in realised wage growth.

Fuel Duty Cut Extended to August 2026

HM Revenue & Customs has extended the temporary cut in fuel duty rates until the end of August 2026. Fuel duty rates will gradually return to March 2022 levels through phased increases starting September 1, 2026.

Advance Corporation Tax Reform

HM Revenue & Customs is reforming the Advance Corporation Tax (ACT) regime, repealing shadow ACT rules. This change allows unrelieved surplus ACT balances to be offset against Corporation Tax liabilities without restrictions, effective from April 1, 2026.

New £2.5 million allowance for property tax relief

New £2.5 million allowance for property tax relief