Business News

This section contains the latest business news stories.

21 Mar 2023

Treasury estimates MTD for Income Tax deferral will cost over £1.75 billion

Figures released in the Spring Budget documents have revealed that the deferral of Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) will cost the Exchequer more than £1.75 billion.

20 Mar 2023

Wage stagnation leaving workers £11,000 worse off per year, data finds

Data published by think tank the Resolution Foundation has found that fifteen years of stagnating wages have left UK workers £11,000 worse off per year.

17 Mar 2023

Budget boosts employment but living standards falling, says Resolution Foundation

Chancellor Jeremy Hunt announced an impressively broad suite of policies in the Spring Budget to encourage more people into work, but Britain's economy remains stuck in a 'deep funk', according to the Resolution Foundation thinktank.

16 Mar 2023

Chancellor 'pulled a range of policy levers' to stimulate growth, says IFS

Responding to Chancellor Jeremy Hunt's 2023 Spring Budget speech, the Institute for Fiscal Studies (IFS) stated that a 'whole range of policy levers' were pulled in order to stimulate economic growth.

16 Mar 2023

View our 2023 Spring Budget Report

Chancellor Jeremy Hunt delivered his 2023 Spring Budget speech yesterday, outlining a range of financial measures.

15 Mar 2023

Capital allowances reformed in 'Budget for growth'

A £27 billion transformation of capital allowances from April was announced by Chancellor Jeremy Hunt as he delivered a 'Budget for growth'.

15 Mar 2023

2023 Spring Budget - the economic picture

Within his Spring Budget speech, Chancellor Jeremy Hunt announced that the UK economy 'will not now enter a technical recession this year'.

15 Mar 2023

2023 Spring Budget - the business reaction

Business groups have reacted to Chancellor Jeremy Hunt's Spring Budget speech.

15 Mar 2023

2023 Spring Budget - the political reaction

Addressing the House of Commons, Chancellor Jeremy Hunt used the 2023 Spring Budget to announce an abolition of the pensions lifetime allowance; an extension to the fuel duty freeze; and an expansion of free childcare for working parents to cover children from the age of nine months.

15 Mar 2023

2023 Spring Budget - what to expect

Chancellor Jeremy Hunt will present the 2023 Spring Budget today. We will keep you up to date on the key Spring Budget announcements and supply a summary, which will appear on our website.

14 Mar 2023

HMRC fails to tackle £2.3 billion furlough fraud

HMRC's failure to tackle an estimated £2.3 billion in furlough fraud has been criticised by MPs.

13 Mar 2023

Chancellor to use Budget to get people 'back to work'

Chancellor Jeremy Hunt will use the Spring Budget to remove the barriers that prevent some groups of people from returning to the workplace, according to a statement from HM Treasury.

10 Mar 2023

UK economy grew by 0.3% in January, official data reveals

Ahead of the 2023 Spring Budget next week, data published by the Office for National Statistics (ONS) has revealed that the UK economy grew by 0.3% in January 2023 after shrinking by 0.5% in December 2022.

09 Mar 2023

Childcare 'crisis' hurting economy, warns FSB

The Federation of Small Businesses (FSB) has warned the government that the ongoing childcare crisis is adversely affecting the UK economy.

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