Business News

30 Jun 2025

High earners facing rise in tax investigations by HMRC

A Freedom of Information (FOI) request has revealed that high earners in the UK are facing a significant rise in tax investigations by HMRC as a result of a record-breaking amount raised by compliance revenue.

27 Jun 2025

Windsor Framework starting to fracture the UK Internal Market, warns FSB

The Windsor Framework is creating severe disruption for small businesses and fracturing the UK Internal Market, warns the Federation of Small Businesses (FSB).

26 Jun 2025

HMRC sends side hustle warning

HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return.

25 Jun 2025

Brits 'spending more disposable income than a year ago'

Research carried out by Bauer Media Outdoor has revealed that Britons are spending more of their disposable income when compared to a year ago.

24 Jun 2025

UK government launches Industrial Strategy

The UK government is aiming to slash energy prices, unlock investment and upskill the workforce in its Industrial Strategy.

23 Jun 2025

Tax gap estimated at 5.3%

The tax gap estimate was 5.3% for the 2023/24 tax year, according to the latest data from HMRC.

20 Jun 2025

Bank of England holds interest rates at 4.25%

The Bank of England recently held interest rates at 4.25%, with its Governor warning that 'the world is highly unpredictable'.

19 Jun 2025

Third of businesses planning job cuts due to NI rise

Research carried out by market research firm Censuswide has revealed that a third of business owners are planning to cut jobs as a result of rising employer National Insurance Contributions (NICs).

18 Jun 2025

UK inflation slows to 3.4% in May

Inflation in the UK eased to 3.4% last month, down slightly from April's 3.5%, according to the Office for National Statistics (ONS).

17 Jun 2025

HMRC system attack is a timely reminder to keep personal data safe

Taxpayers are being urged to check their online HMRC account after scammers attempted to defraud the tax authority using individuals' data and login details.

16 Jun 2025

Global economy set for weakest run since 2008, warns World Bank

Heightened trade tensions and policy uncertainty are expected to drive global growth down to its slowest pace since 2008, according to the World Bank's latest Global Economic Prospects report.

13 Jun 2025

Economists warn tax hikes likely in the autumn

Following the 2025 Spending Review, experts have warned that Chancellor Rachel Reeves will have to raise taxes in the Autumn Budget to fill a shortfall of up to £23 billion.

12 Jun 2025

UK economy shrunk in April

The UK economy contracted by 0.3% in April as tax increases kicked in and exporters faced uncertainty over US trade tariffs.

11 Jun 2025

Spending review is opportunity to back small business

The government must 'make every taxpayer pound count' in the Spending Review, the Federation of Small Businesses (FSB) has warned.