Business News

This section contains the latest business news stories.

Budget will be 'pivotal moment' for new government

The Autumn Budget will be a 'pivotal moment' for the new Labour government as it aims for sustainable economic growth, says the Confederation of British Industry (CBI).

Chancellor must tackle barriers to growth in Budget

Chancellor Rachel Reeves must tackle barriers to growth in the Autumn Budget, says the Federation of Small Businesses (FSB).

'Strong case for capital gains tax reform', says IFS

The Institute for Fiscal Studies (IFS) has stated that there is a 'strong case' for reform of capital gains tax (CGT).

UK Finance urges government to deliver economic growth in Budget submission

Trade association UK Finance has called on the government to deliver economic growth in the upcoming Autumn Budget.

Bank of England hints interest rates could fall more quickly

The Bank of England has suggested that it could cut interest rates more quickly.

New Growth and Skills Levy must end 'cycle of failure'

The new Growth and Skills Levy must end the 'cycle of policy failure' in addressing Britain's chronic skills shortages, according to the Resolution Foundation.

Business confidence fell in September, data reveals

Confidence amongst UK businesses fell in September, data published by the Institute of Directors (IoD) has revealed.

New tipping law comes into force

Businesses have been banned from withholding tips or service charges from their staff under new rules that come into force on 1 October.

Government cracks down on late payments

The government has announced a crackdown on late payments to small businesses and the self-employed.

Government announces apprenticeship reforms

The government has announced an overhaul of the UK's apprenticeship system.

UK economic growth 'robust' in 2024, think tank says

The UK has risen in the rankings of the G7 group of nations to have the joint-second highest economic growth for this year, according to the Organisation for Economic Co-operation and Development (OECD).

Young people reminded to reclaim government savings

Over half a million young people are yet to lay claim to Child Trust Funds worth an average of £2,212, HMRC has said.

Chancellor hits the right notes in Conference speech

Chancellor of the Exchequer Rachel Reeves hit the right notes in her speech to the Labour Party conference, says the Confederation of British Industry (CBI).

HMRC urged to take action to 'defuse side hustle time bomb'

The Low Incomes Tax Reform Group (LITRG) has urged HMRC to take action in order to make sellers aware of the fact that they may need to file a tax return and pay tax on their online trading income.