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Business News

24 May 2024

Next government will need to partner with business

Whichever party forms the next UK government will need to partner with business to fire up the UK economy, says the Confederation of British Industry (CBI).

23 May 2024

Tax receipts totalled £75.4 billion in April, data shows

Data published by HMRC has shown that total tax receipts for April 2024 are £75.4 billion, which is £4.2 billion higher than the same period in 2023.

22 May 2024

Inflation falls to lowest level in three years

UK inflation fell to 2.3% in the year to April, according to the Office for National Statistics (ONS).

21 May 2024

Post-Brexit border checks set to cost UK more than £4.7 billion

The National Audit Office (NAO) has warned that the UK is set to spend more than £4.7 billion on post-Brexit border checks.

20 May 2024

£235 billion 'cash mountain' sitting in bank accounts with low interest rates

£235 billion of cash is sitting in low interest bank accounts with rates of under 1%, according to the Bank of England.

17 May 2024

New research reveals 'significant shift in businesses' infrastructure priorities'

Research carried out by the Institute of Directors (IoD) has revealed that business leaders' infrastructure priorities have 'shifted' compared with the situation at the start of the current parliamentary term.

16 May 2024

Taxpayers spend total of 800 years waiting to speak to HMRC

UK taxpayers spent the equivalent of 800 years on hold to HMRC in 2022/23, according to a report published by the National Audit Office (NAO).

15 May 2024

UK lagging behind in global green growth race

The UK is falling behind its international competitors in the race for green growth, the Confederation of British Industry (CBI) has warned.

14 May 2024

HMRC to receive extra £51 million in phone funding

The government has announced an extra £51 million in new funding to bring HMRC's phoneline service back up to the published target of 85% of calls to its advisers being answered.

13 May 2024

Retirees report £119,000 shortfall in pension savings

UK adults face a significant shortfall in their pension savings at retirement compared to what they wanted to retire on, according to research from Standard Life.

10 May 2024

UK economy exits recession as interest rates held

The UK economy grew by 0.6% between January and March, according to figures from the Office for National Statistics (ONS).

09 May 2024

300,000 file tax returns in the first week of the tax year

Almost 300,000 self assessment taxpayers filed their return in the first week of the new tax year, HMRC has revealed.

08 May 2024

HMRC error means self-employed workers could lose out on state pension

An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform Group (LITRG).

07 May 2024

New customs rules cause confusion and uncertainty

The new customs checks and charges that came into force on 1 May are causing confusion and uncertainty for business, warns the British Chambers of Commerce (BCC).

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