Business News

This section contains the latest business news stories.

Business confidence rises in June

Business confidence rose in June building on a sharp rebound in May, according to Lloyds Bank's Business Barometer.

More than 25% of UK businesses hit by cyber-attack in past year

More than one in four UK businesses have been the victim of a cyber-attack in the last year, with many risking 'sleepwalking' into disruption, according to a new report.

Individuals paying into Lifetime ISA 'could get less out than put in'

MPs have warned that some people who pay into a Lifetime ISA might get less out than they put in.

High earners facing rise in tax investigations by HMRC

A Freedom of Information (FOI) request has revealed that high earners in the UK are facing a significant rise in tax investigations by HMRC as a result of a record-breaking amount raised by compliance revenue.

Windsor Framework starting to fracture the UK Internal Market, warns FSB

The Windsor Framework is creating severe disruption for small businesses and fracturing the UK Internal Market, warns the Federation of Small Businesses (FSB).

HMRC sends side hustle warning

HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return.

Brits 'spending more disposable income than a year ago'

Research carried out by Bauer Media Outdoor has revealed that Britons are spending more of their disposable income when compared to a year ago.

UK government launches Industrial Strategy

The UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy.

Tax gap estimated at 5.3%

The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC.

Bank of England holds interest rates at 4.25%

The Bank of England recently held interest rates at 4.25%, with its Governor warning that 'the world is highly unpredictable'.

Third of businesses planning job cuts due to NI rise

Research carried out by market research firm Censuswide has revealed that a third of business owners are planning to cut jobs as a result of rising employer National Insurance Contributions (NICs).

UK inflation slows to 3.4% in May

Inflation in the UK eased to 3.4% last month, down slightly from April's 3.5%, according to the Office for National Statistics (ONS).

HMRC system attack is a timely reminder to keep personal data safe

Taxpayers are being urged to check their online HMRC account after scammers attempted to defraud the tax authority using individuals' data and login details.

Global economy set for weakest run since 2008, warns World Bank

Heightened trade tensions and policy uncertainty are expected to drive global growth down to its slowest pace since 2008, according to the World Bank's latest Global Economic Prospects report.