Thornton Springer

UK borrowing costs have climbed sharply, construction firms are facing some of the steepest cost increases in almost 30 years, and consumer confidence has fallen at its fastest quarterly rate since 2022.

Our latest news round-up covers:
– rising gilt yields and inflation concerns
– pressure on households and businesses
– the proposed British Steel takeover
– and why energy and supply chain costs are continuing to hit UK industries

Read more → https://drive.google.com/file/d/1tzDrhq1KBqgaKusMs8ukxDSj9eeo6810/view?usp=drive_link

Happy Father’s Day from all of us at Thornton Springer.

To the dads, stepdads, grandads and father figures balancing work, family and everything in between — we hope you get the chance to slow down and enjoy the day. Thank you for everything you do.

Working abroad does not automatically mean you stop paying UK tax.

Our latest newsletter explains:
– how UK tax residence works in 2026/27
– the Statutory Residence Test
– what can still be taxable while living overseas

A short review before leaving — or before returning to the UK — can help avoid expensive surprises later.

Read more → https://drive.google.com/file/d/1SbiCq5uGk1HfB4st-VxC9cWtF6JVZdgz/view?usp=drive_link

The Government has announced a new package of summer support measures aimed at helping households with day-to-day costs.

The plans include free bus travel for children during August, an extension to the fuel duty freeze, and consultations around reducing tariffs on selected food imports.

For many families, smaller changes like these can still make a noticeable difference over the course of the summer holidays.

Read more → https://www.thorntonspringer.co.uk/news/blog/pw-news/government-unveils-summer-cost-relief-plan/

Do not save what is left after spending, but spend what is left after saving.” — Warren Buffett

Simple advice, but still one of the hardest habits to build consistently.

Director’s loan accounts can be useful for short-term flexibility — but if they are not managed properly, the tax consequences can become expensive quickly.

From 6 April 2026, the Section 455 tax rate on new director’s loans increased to 35.75%.

Our latest newsletter explains:
– when Section 455 tax applies
– the £10,000 beneficial loan threshold
– why “bed and breakfasting” repayments can fail
– how written-off loans are taxed
– and practical steps business owners can take to stay on top of their DLA

A short review before year-end can often prevent a much bigger tax issue later.

Read more → https://drive.google.com/file/d/1mn38ATYctaWQufmzt1P2yEVA0DMw9ErK/view?usp=drive_link

Have you noticed yourself shopping differently lately? Not necessarily buying less but thinking more before you buy.

Things like:
– switching brands
– comparing prices more often
– planning meals differently
– cutting back on small extras

Food prices remain under pressure as supermarkets, suppliers and the Government continue discussions around rising grocery costs and wider supply-chain challenges.

While inflation has eased in some areas, businesses and households are still feeling the impact of higher costs across energy, transport and food production.

Read more → https://www.thorntonspringer.co.uk/news/blog/pw-news/supermarkets-resist-grocery-price-cap/