Business News

Public borrowing 'could double in 2020 as result of no-deal Brexit', OBR cautions

19 Jul 2019

The Office for Budget Responsibility (OBR) has warned that public borrowing could double next year if the government fails to secure a Brexit deal.

Fraud 'costing UK businesses £130 billion each year', report suggests

18 Jul 2019

A report published by the Centre for Counter Fraud Studies at the University of Portsmouth has suggested that fraud costs UK businesses £130 billion each year.

Wage growth 'accelerates to highest rate since financial crisis'

17 Jul 2019

Data published by the Office for National Statistics (ONS) has revealed that UK wage growth increased to 3.6% in the year to May 2019 - representing the highest rate since the financial crisis in 2008.

HMRC urges firms to register for MTD for VAT before August

16 Jul 2019

HMRC is urging businesses to register for Making Tax Digital for VAT (MTD for VAT) before the 7 August VAT filing date.

Research suggests women 'save just a third of amount men do' for retirement

15 Jul 2019

Research carried out by the Pensions Policy Institute (PPI) has suggested that, by the time they come to retire, women have saved just a third of the amount that men have for later life.

Government publishes Finance Bill 2019-20 draft legislation

12 Jul 2019

The government has published draft legislation for Finance Bill 2019-20.

OTS outlines alterations to IHT system

11 Jul 2019

In a new report, the Office of Tax Simplification (OTS) has outlined a series of recommendations designed to 'simplify the UK's inheritance tax (IHT) system'.

UK corruption risks are 'significantly underestimated', Fraud Advisory Panel cautions

10 Jul 2019

A focus on overseas bribery means UK officials are 'underestimating the risk of corruption at home', the Fraud Advisory Panel (FAP) has cautioned in a new report.

Brexit uncertainty 'crippling UK business investment', warns CBI

09 Jul 2019

The continuing uncertainty surrounding Brexit is 'crippling UK business investment', the Confederation of British Industry (CBI) has warned.

FSB states small businesses 'incurring mammoth costs' as result of business crime

08 Jul 2019

The Federation of Small Businesses (FSB) has stated that small firms are incurring costs of nearly £17 billion each year as a result of so-called 'business crime'.

TPR issues pension scheme warning to savers

05 Jul 2019

Pension savers should check that their scheme is not underperforming, the Pensions Regulator (TPR) has warned.

Many working parents eligible for tax-free childcare this summer

04 Jul 2019

Working parents could ease this summer's childcare costs by using a Tax-Free Childcare (TFC) account that's worth up to £2,000 a year for each child.

Economic growth 'stalling', BCC warns

03 Jul 2019

The British Chambers of Commerce (BCC) has warned that UK economic growth is 'stalling' amid a 'manufacturing slowdown'.

Survey finds business leaders 'committed to tackling climate change'

02 Jul 2019

A survey carried out by the Institute of Directors (IoD) and the Chartered Management Institute (CMI) has suggested that business leaders are 'committed to combating climate change'.

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