Business News

07 Feb 2023

'Digital pound' likely to launch this decade, says Treasury

The Treasury and the Bank of England (BoE) have suggested that a state-backed 'digital pound' will likely be launched this decade.

06 Feb 2023

HMRC urges families to make use of Tax-Free Childcare scheme

HMRC has reminded families that they can save up to £2,000 per year on their childcare costs using the Tax-Free Childcare (TFC) scheme.

03 Feb 2023

Bank of England raises interest rates to highest level in 14 years

Interest rates have risen to 4% ? their highest level in 14 years.

02 Feb 2023

Record 11.7 million tax returns received on time

A record 11.7 million self assessment taxpayers submitted their tax returns by the 31 January deadline, HMRC has revealed.

01 Feb 2023

IMF warns UK economy set to shrink in 2023

The International Monetary Fund (IMF) has warned that the UK economy is set to contract worse than any other advanced economy in 2023.

31 Jan 2023

UK business confidence plummets to 13-year low

The UK's business confidence has dropped to a 13-year low, according to a survey conducted by the Institute of Chartered Accountants in England and Wales (ICAEW).

30 Jan 2023

Chancellor rules out tax cuts ahead of Spring Budget

In a recent speech, Chancellor Jeremy Hunt ruled out tax cuts in favour of introducing inflation-busting measures in the upcoming Spring Budget.

27 Jan 2023

CBI survey finds retail sales volumes down in January

A survey carried out by the Confederation of British Industry (CBI) has revealed that retail sales volumes 'fell at a fast pace' in the year to January.

26 Jan 2023

More than three million still to file self assessment returns

Over three million self assessment taxpayers are yet to file their tax return despite there being less than a week until the deadline, according to HMRC.

25 Jan 2023

Tax receipts total £553 billion, HMRC data reveals

Data published by HMRC has revealed that tax receipts for April 2022 to December 2022 total £553.2 billion – £48 billion higher when compared to the same period a year earlier.

24 Jan 2023

Large cost-of-living gap between rich and poor households persists, think tank warns

Think tank the Resolution Foundation has found that a large cost-of-living gap between rich and poor households remains despite inflation continuing to ease.

23 Jan 2023

BCC warns SME exporters 'under tightening pressure'

The British Chambers of Commerce (BCC) has warned that small and medium-sized enterprises (SMEs) that export are facing 'tightening pressure' as a result of decreasing export sales.

20 Jan 2023

HMRC introduces automated text system to help with self assessment queries

HMRC is trialing an automated answer-by-text system to help individuals with self assessment queries.

19 Jan 2023

Inflation passed its peak, but cost-of-living crisis continues, says CBI

The rate of inflation may now have peaked but the cost-of-living crisis continues to put pressure on businesses and households, says the Confederation of British Industry (CBI).