Business News

04 May 2022

Number of firms in critical financial distress rises sharply

A growing number of UK businesses are at risk of going under as costs spiral and COVID loan repayments become due, according to a report from insolvency firm Begbies Traynor.

03 May 2022

MPs consider changes to help tackle increasing cost of living

With inflation increasing energy and food prices, ministers have pitched ideas to help tackle the cost-of-living crisis.

29 Apr 2022

Government inaction on long COVID could cost billions

There are now more than a million workers missing from the workforce compared to pre-pandemic, according to a report published by the IPPR think tank.

28 Apr 2022

Government borrowing more than halves, data reveals

Data published by the Office for National Statistics (ONS) has revealed that government borrowing in the last financial year more than halved when compared to a year earlier.

27 Apr 2022

Data shows IHT receipts up £0.7 billion

Data published by HMRC has revealed that inheritance tax (IHT) receipts for April 2021 to March 2022 totalled £6.1 billion, which is £0.7 billion higher than in the same period a year earlier.

26 Apr 2022

Which? warns it is 'now or never' to halt UK's 'cash crisis'

Following the publication of research which shows that almost a quarter of free-to-use ATMs have vanished since 2018, consumer group Which? has stated that it is 'now or never' to save cash.

25 Apr 2022

Half of small firms do not expect to grow over coming year, FSB finds

Research carried out by the Federation of Small Businesses (FSB) has found that close to half of UK small firms don't expect their business to grow over the coming year as a result of the cost-of-doing-business crisis.

22 Apr 2022

HMRC starts chasing up SEISS overpayments

HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants.

21 Apr 2022

Energy bosses call for price cap to be scrapped to prevent 'horrific' winter

Bosses of the UK's largest energy firms have called on the government to intervene with 'unprecedented' measures to prevent a fuel poverty crisis next winter.

20 Apr 2022

Export growth is 'stagnant', BCC finds

Data published by the British Chambers of Commerce (BCC) has found that UK export growth has been effectively stagnant for the past year.

19 Apr 2022

New HMRC one-stop online shop provides taxpayers with tax relief information

HMRC has launched a new one-stop online shop designed to provide taxpayers with information on the tax reliefs and financial support available to them.

14 Apr 2022

Business groups comment on latest inflation figures

Business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the British Chambers of Commerce (BCC) have commented on the latest data published by the Office for National Statistics (ONS), which revealed that inflation rose to 7% in the year to March.

13 Apr 2022

HMRC names avoidance scheme promoters for first time

Tax avoidance schemes have been named for the first time by HMRC as users are warned they could face large tax bills.

12 Apr 2022

Research suggests hybrid working saves businesses significant amounts of money

Research carried out by Confused.com has revealed that hybrid working practices help businesses save an average of £8,100 per employee.

07 Oct 2025

Chancellor urged to cut National Insurance but hike Income Tax in Autumn Budget

Chancellor Rachel Reeves has been urged to cut National Insurance contributions (NICs) and increase Income Tax to create a 'level playing field' and protect workers' pay.

07 Oct 2025

Budget Board must focus on easing the cost of doing business, says IoD

The government's Budget Board must focus on easing the cost of doing business, says the Institute of Directors (IoD).

07 Oct 2025

Chancellor to explore reforms to business rates on second premises

Chancellor Rachel Reeves will look at fixing the cliff edges in business rates that can discourage small business investment and growth, according to a report from HM Treasury.

07 Oct 2025

Covid repayment window opens

The government has launched a voluntary repayment scheme to allow recipients of financial Covid support to repay outstanding money they were not entitled to or did not need with 'no questions asked'.

07 Oct 2025

Companies face prosecution risk as new fraud law comes into force

Companies could be prosecuted and face unlimited fines if they fail to prevent fraud that their firm profits from under a new corporate offence.

07 Oct 2025

Lowering VAT threshold would be manifesto breach, warns IPSE

Lowering the threshold for VAT registration in the Autumn Budget would breach Labour's manifesto, IPSE, the Self-Employed Association has warned.

07 Oct 2025

AI to boost trade by nearly 40% by 2040 if gaps are bridged, says WTO

Artificial intelligence (AI) could boost the value of cross-border flows of goods and services by nearly 40% by 2040 thanks to productivity gains and lower trade costs, according to a World Trade Organization (WTO) report.

07 Oct 2025

Failed housing transactions cost £1.5 billion a year

Failed housing transactions cost consumers and the economy at least £1.5 billion every year, according to research published by Santander.

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