Business News

This section contains the latest business news stories.

Higher fuel, energy and food prices could linger following Iran war

Government ministers have warned that higher prices for fuel, food, energy and flights could linger following the end of the US-Israel war with Iran.

UK borrowing tumbles to lowest level in four years

Figures published by the Office for National Statistics (ONS) have revealed that UK borrowing has fallen to its lowest level in four years.

Sentiment among UK manufacturers has 'deteriorated sharply'

Sentiment amongst manufacturers in the UK has 'deteriorated sharply', according to research carried out by the Confederation of British Industry (CBI).

Inflation rate rises to 3.3%

The UK rate of inflation rose to 3.3% in the year to March, according to the latest figures from the Office for National Statistics (ONS).

Pensioners urged to be alert to Winter Fuel Payment scams

HMRC is warning pensioners to be on high alert for scams as the recovery of Winter Fuel Payments begins this month.

Pension wealth statistics 'overstated inequality between old and young'

Flawed pension wealth statistics have overstated the inequality between the old and young, research published by the Institute for Fiscal Studies (IFS) has shown.

Skills planning 'vital' to better engage Gen Z in workplace

A new report by the British Chambers of Commerce (BCC) has stressed that skills planning is 'vital' to better engaging Generation Z with the workplace.

Exporters toiling before outbreak of Iran war

The UK's exporters were already experiencing challenging trading conditions before the Iran War broke out, according to research by the British Chambers of Commerce (BCC).

Data shows UK economy grew faster than expected

Data published by the Office for National Statistics (ONS) has revealed that the UK economy grew faster than experts had anticipated ahead of the war in Iran.

Higher energy prices could leave British households worse off this year

Higher energy prices due to the conflict in the Middle East are set to make the median working-age British household £480 worse off this year, according to the Resolution Foundation.

New employment law creating recruitment challenge

Almost three-quarters of firms say they experienced hiring difficulties in the first quarter of this year, according to the British Chambers of Commerce (BCC).

Countdown to taxation of benefits-in-kind via the payroll underway

There is now less than a year to go before all employers must tax benefits-in-kind via the payroll, the Chartered Institute of Taxation (CIOT) has warned.

UK businesses should apply now for Vaping Products Duty

Vaping-related businesses and supply chains need to register now for Vaping Products Duty (VPD) and the Vaping Duty Stamps (VDS) Scheme, says HMRC.

New procurement rules offer SMEs hope

The government's new procurement rules that target opportunities for smaller businesses offer hope to SMEs, according to the British Chambers of Commerce (BCC).