Business News

29 Nov 2022

Threshold freeze equivalent to 3.5% tax hike

The government's freeze on income tax thresholds will see some workers' tax bills rise by the equivalent of a 3.5% hike in the headline rate of tax, according to analysis by investment platform AJ Bell.

28 Nov 2022

Study finds one in four small businesses plan to close if energy bill support ends

A study carried out by the Federation of Small Businesses (FSB) has found that one in four small firms plan to close, restructure or downsize if support with their energy bills ends next April.

25 Nov 2022

Home repossessions double as mortgage costs rise

Home repossessions have almost doubled as rising costs force borrowers to fall behind on mortgage payments, according to official figures published by the Ministry of Justice (MoJ).

24 Nov 2022

NAO reveals Digital Services Tax has raised £358 million

Data published by the National Audit Office (NAO) has revealed that the UK's Digital Services Tax (DST) raised £358 million from large digital businesses in the 2020/21 tax year.

23 Nov 2022

OECD warns UK on course for biggest economic downturn

In a new report, the Organisation for Economic Co-operation and Development (OECD) has warned that the UK economy is on track for the biggest downturn when compared to any other nation in the G7.

22 Nov 2022

Think tank suggests UK workers are 'living through a two-decade wage stagnation'

In its analysis of the recent Autumn Statement, think tank the Resolution Foundation suggested that workers in the UK are currently living through a two-decade long wage stagnation costing them £15,000.

21 Nov 2022

UK in a 'new era of higher taxation', IFS warns

The Institute for Fiscal Studies (IFS) has stated that the UK has entered 'a new era of higher taxation and higher spending' following the 2022 Autumn Statement.

18 Nov 2022

CBI praises Chancellor for 'delivering stability' in Autumn Statement

Responding to the 2022 Autumn Statement, the Confederation of British Industry (CBI) praised Chancellor Jeremy Hunt for 'delivering stability and protecting the most vulnerable'.

17 Nov 2022

2022 Autumn Statement - what to expect

Chancellor Jeremy Hunt will present the 2022 Autumn Statement today. We will keep you up to date on the key Autumn Statement announcements.

17 Nov 2022

2022 Autumn Statement - the business reaction

Business groups have reacted to Chancellor Jeremy Hunt's Autumn Statement speech.

17 Nov 2022

2022 Autumn Statement - the political reaction

Addressing the House of Commons, Chancellor Jeremy Hunt used the 2022 Autumn Statement to unveil a 'plan for stability, growth and public services'.

17 Nov 2022

2022 Autumn Statement - the economic picture

Within his Autumn Statement speech, Chancellor Jeremy Hunt outlined measures to stabilise the UK economy and help boost growth.

17 Nov 2022

Tax burden rises following Autumn Statement

The UK's tax burden will rise after Chancellor Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes in the Autumn Statement.

16 Nov 2022

Households paying £94 extra on energy bills due to regulator's failure

Consumers have been forced to pay almost £100 more for their gas and electricity due to Ofgem's failure to regulate the energy supply market properly, according to a report by the House of Commons Public Accounts Committee (PAC).

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