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Business News

This section contains the latest business news stories.

20 Dec 2024

UK interest rates held at 4.75%

UK interest rates will remain at 4.75% after the Bank of England voted to hold borrowing costs.

19 Dec 2024

Economic slowdown affecting employment

Think tank the Resolution Foundation recently stated that whilst the UK's economic slowdown is affecting employment, it isn't yet affecting workers' pay packets.

18 Dec 2024

Spring Forecast to take place in March

Chancellor Rachel Reeves has confirmed that the Spring Forecast will take place on Wednesday 26 March 2025.

17 Dec 2024

HMRC urged to improve low resolution rates

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to address ten recommendations it has made for improving the Revenue's customer services.

16 Dec 2024

Cash usage on the rise for second successive year

Cash use in shops rose for a second year in a row in 2023 after a decade of falls, according to the British Retail Consortium (BRC).

13 Dec 2024

UK economy shrinks for second month in a row

The UK economy shrank for the second month in a row in October, according to the Office for National Statistics (ONS).

12 Dec 2024

Chancellor must 'confront range of challenges' in Spending Review

Think tank the Resolution Foundation has stated that Chancellor Rachel Reeves will need to 'confront the good, the bad and the ugly' in the upcoming Spending Review.

11 Dec 2024

HMRC urges self assessment taxpayers to spread the cost

HMRC is reminding people who pay tax by self assessment of the opportunity to spread the cost of their bill with the Time to Pay facility.

10 Dec 2024

Number of taxpayers caught in 60% 'tax trap' rises

The number of individuals caught in the 60% 'tax trap' has risen by 45% in two years, a Freedom of Information (FOI) request has revealed.

09 Dec 2024

Public funds fraud cost taxpayers £81 billion

Fraud and error in public funds cost the taxpayer up to £81 billion last year, according to the latest data from the National Audit Office (NAO).

06 Dec 2024

No tax changes for online sellers

People selling unwanted items online can continue to do so without any new tax obligations, HMRC has confirmed.

05 Dec 2024

Interest rates 'set to be higher for longer'

The Organisation for Economic Co-operation and Development (OECD) has warned that interest rates will be higher for longer due to the recent Autumn Budget.

04 Dec 2024

Cyber-attacks cost UK businesses £44 billion in last five years

Over half of UK businesses have experienced at least one cyber-attack in the past five years, suffering combined lost revenue of £44 billion as a result, according to insurance broker Howden.

03 Dec 2024

Small businesses counting the cost of potholes

Small businesses across the UK are counting the cost of pothole damage to their vehicles, according to new research from the Federation of Small Businesses (FSB).

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