Business News

IoD outlines key policy changes in Budget submission

In a letter to Chancellor Rachel Reeves, the Institute of Directors (IoD) has outlined its key policy changes for the upcoming Autumn Budget.

13 Sep 2024

Reforms to IHT, CGT and NI 'could raise over £20 billion a year'

The Resolution Foundation has suggested that reforms to inheritance tax (IHT), capital gains tax (CGT) and national insurance (NI) could raise more than £20 billion a year.

12 Sep 2024

UK economy unexpectedly flatlines for second month in row

The UK economy flatlined in July after also showing 0.0% growth in June, according to the Office for National Statistics (ONS).

11 Sep 2024

£5.5 billion lost as a result of tax evasion, report finds

A report published by the National Audit Office (NAO) has found that £5.5 billion was lost due to tax evasion in 2022/23.

10 Sep 2024

Business group urges government to fix 'antiquated' business rates rules

The Confederation of British Industry (CBI) has urged the government to fix the 'antiquated' business rates system in England in order to 'boost investment and grow the economy'.

09 Sep 2024

Scam complaints reach highest ever level, data shows

Data published by the Financial Ombudsman Service has revealed that fraud and scam complaints have hit their highest ever level.

06 Sep 2024

Pension pot needed for basic retirement rises to nearly £110,000

The average pension pot required for a basic standard of living in retirement has surged to almost £110,000 in just three years, according to research by the Resolution Foundation.

05 Sep 2024

SME energy bills predicted to remain above pre-crisis levels

Small and medium-sized enterprise (SME) energy bills are expected to remain 70% above pre-crisis rates.

04 Sep 2024

Business leader confidence fell in August, data reveals

Data published by the Institute of Directors (IoD) has revealed that confidence in the UK economy amongst business leaders fell to -12 in August following a three-year high of +7 in July.

03 Sep 2024

Scrap fuel duty cut, says RAC

Motoring organisation the RAC has called for a 5p cut in fuel duty to be scrapped in the upcoming Autumn Budget on 30 October.

02 Sep 2024

HMRC sends 'nudge letters' to crypto investors

HMRC has 'sent nudge' letters to crypto investors who it suspects have failed to pay the correct tax on their gains, according to the Chartered Institute of Taxation (CIOT).

30 Aug 2024

HMRC debunks top five self assessment 'myths'

HMRC has clarified some common myths about self assessment tax returns.

29 Aug 2024

Fall in small business confidence as employment costs take a toll, warns FSB

Small business confidence fell back into negative territory in the second quarter of this year, according to research conducted by the Federation of Small Businesses (FSB).

28 Aug 2024

UK has record number of self-employed workers aged 60 or over

The number of self-employed people aged 60 or over has reached a record of almost a million, according to analysis by Rest Less.

27 Aug 2024

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