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Business News Archive
News
Business News
February 2023
UK 'likely to avoid technical recession in 2023', says think tank
FSB calls for introduction of apprenticeship incentive for under 25s
'Digital pound' likely to launch this decade, says Treasury
HMRC urges families to make use of Tax-Free Childcare scheme
Bank of England raises interest rates to highest level in 14 years
Record 11.7 million tax returns received on time
IMF warns UK economy set to shrink in 2023
January 2023
UK business confidence plummets to 13-year low
Chancellor rules out tax cuts ahead of Spring Budget
CBI survey finds retail sales volumes down in January
More than three million still to file self assessment returns
Tax receipts total £553 billion, HMRC data reveals
Large cost-of-living gap between rich and poor households persists, think tank warns
BCC warns SME exporters 'under tightening pressure'
HMRC introduces automated text system to help with self assessment queries
Inflation passed its peak, but cost-of-living crisis continues, says CBI
Government launches consultation on R&D relief
WEF warns businesses and households facing a 'polycrisis'
Pensioners outnumber young people for filing self assessment tax returns
Official data shows UK economy grew in November
Fewer firms investing in training despite skills shortage
Economic indicators have 'stabilised at concerningly low levels', BCC finds
Energy bill support for firms to be reduced from April
FSB calls for clarity on support with energy costs for small firms post-March
Food price inflation hit record high in December
Small firms 'facing challenges when applying for financing', FSB finds
Tax non-compliance during pandemic cost UK £9 billion
HMRC urges taxpayers to get self assessment wrapped up early
December 2022
Have you made your financial New Year's resolutions?
ONS data suggests festive food sales rose in November
Ensure your business is protected against winter weather
UK economy shrank more than first thought in three months to September
Government extends mortgage guarantee scheme
Chancellor announces Spring Budget date
MTD for ITSA delayed for two more years
MTD for ITSA should be delayed, say tax advisers
Bank of England raises base rate to 3.5%
Consumer group calls for victims of push payment scams to be refunded
Mortgage payments to surge, says Bank of England
Plymouth and South Devon freeport gets go ahead
UK economy returns to growth in October
Chancellor launches financial sector reforms
Petrol and diesel prices dropping too slowly at the pump
EBRS has 'removed serious risk for quarter of businesses', IoD finds
UK in recession until end of next year, warns CBI
UK house prices see biggest fall for two years
£4.5 billion lost to COVID-19 fraud
CBI survey reveals continued deterioration in business confidence
November 2022
FSB urges government to ensure energy suppliers don't inflate prices
Threshold freeze equivalent to 3.5% tax hike
Study finds one in four small businesses plan to close if energy bill support ends
Home repossessions double as mortgage costs rise
NAO reveals Digital Services Tax has raised £358 million
OECD warns UK on course for biggest economic downturn
Think tank suggests UK workers are 'living through a two-decade wage stagnation'
UK in a 'new era of higher taxation', IFS warns
CBI praises Chancellor for 'delivering stability' in Autumn Statement
2022 Autumn Statement - what to expect
2022 Autumn Statement - the business reaction
2022 Autumn Statement - the political reaction
2022 Autumn Statement - the economic picture
Tax burden rises following Autumn Statement
Households paying £94 extra on energy bills due to regulator's failure
Chancellor needs to make 'tough fiscal choices on spending and tax', says CBI
FSB calls for Chancellor to announce 'clear set of measures to boost prosperity'
Data reveals auto-enrolment has helped workers save £114 billion into pensions
Economists question 'hole' in public finances
Tax and training reforms vital to safeguard retail sector
CBI urges government to rethink planned rise in business rates
BCC outlines economic support measures in manifesto sent to Prime Minister
Bank of England raises base rate to 3%
Survey reveals drop in business optimism
Energy support vouchers worth £400 going unclaimed
IoD survey finds UK businesses anticipate growth in exports
October 2022
Gender Investment Gap causing women to miss out on £599 billion
Banks warn young people particularly vulnerable to scams
Government pushes back economic statement
Self assessment clock ticks down to under 100 days
New PM must restore confidence, say business groups
FCA warns that eight million are struggling to keep up with bills
Business groups respond to Prime Minister's resignation
Inflation returns to 40-year high
Skills shortages hit 75% of UK businesses
Chancellor reverses Mini Budget measures
New Chancellor set to deliver statement on Medium-Term Fiscal Plan
Self assessment taxpayers could be a target for fraudsters, HMRC warns
Businesses need 'reassurance from fiscal statement' after fall in GDP
IFS warns 'big and painful' spending cuts needed to stabilise UK economy
Chancellor to publish Medium-Term Fiscal Plan on 31 October
BCC survey finds steep decline in business confidence
HMRC reminds young people to claim CTFs
BCC finds SMEs 'struggling to manage digital services'
VAT businesses must be ready for Making Tax Digital filing by November
British Business Bank lending now exceeds £12 billion
Government abandons plan to scrap 45p top rate of income tax
September 2022
HMRC receives thousands of complaints over tax repayments
HMRC raises late payment interest from 11 October
IMF criticises government over tax plans
Pension regulator warns employers over auto enrolment duties
Real Living Wage rises by 10% to £10.90 an hour
2022 Mini Budget - the economic picture
2022 Mini Budget - the business reaction
2022 Mini Budget - the political reaction
2022 Mini Budget - what to expect
Chancellor uses Mini Budget to outline measures to boost economic growth
Think tank warns tax cuts 'likely to push borrowing and debt to unsustainable levels'
Government caps business energy bills
Data finds late payments costing small businesses £684 million per year
Prime Minister 'considering scrapping sugar tax on soft drinks'
Wealthier households 'set to receive twice as much cost-of-living support'
UK inflation falls slightly to 9.9% but remains close to 40-year high
HMRC makes cost-of-living payments totalling £375 million
Official data reveals UK economy grew by 0.2% in July
Business groups respond to government's Energy Price Guarantee plan
Action Fraud warns scammers are exploiting cost-of-living crisis
Report finds SMEs facing recruitment struggles
Business groups welcome new Prime Minister with requests for immediate action
New PM must act as UK economy set for recession this year
UK facing 'deepest squeeze on living standards in a century'
CIOT outlines three strategies for improving UK tax system
August 2022
HMRC releases more details on MTD for Income Tax
Child Benefit claims for 16 to 19-year-olds must be updated this month
Ofgem raises energy price cap by 80%
Treasury Committee warns government against 'flying blind' with Emergency Budget
TUC urges government to raise NMW 'immediately'
Experts warn inflation could hit 18% in 2023
Report finds decline in the use of cash is easing
Tax-Free Childcare to ease parental costs as kids return to school
Energy firms call for windfall tax to be scrapped by 2025
Data reveals inflation hit 10.1% in the 12 months to July
COVID should be classed as an occupational disease, says TUC
Student loan interest rates slashed for second time amid cost-of-living crisis
Rising energy prices 'greatest test for SMEs'
HMRC takes record £14 billion in capital gains tax
Prime Minister must act now on cost of living, warns CBI
Government launches new fraud squad
Pension anti-scam strategy unveiled as cost-of-living crisis continues
BoE warns of recession as it raises interest rates again
HMRC sends Marriage Allowance reminder
Private sector activity at a standstill, warns CBI
Recovery Loan Scheme to be relaunched
IoD calls for new agency to advise on skills shortages
July 2022
Treasury figures reveal 14% increase in IHT receipts
IMF warns UK is set for slowest rate of growth of G7 countries
New ICAEW CPD policy set to take effect from November 2023
R&D tax credit criteria set to be subject to greater scrutiny
Insurer warns of rise in fraudulent claims amid cost-of-living crisis
UK consumers supporting small businesses despite rising prices
New finance legislation aims to unlock investments
Inflation hits fresh 40-year high of 9.4%
CBI says leadership hopefuls need a plan for growth
Reform required to combat staff shortages, says BCC
Retail sales fall as inflation hits consumers
UK economic growth better than expected in May
TUC urges employers to ensure employees are protected from sun during heatwave
IoD calls for extension of capital allowances super-deduction
More women have been underpaid state pension than previously thought
UK economic outlook has deteriorated, Bank of England warns
Pandemic-born businesses could add £20.4 billion to UK economy
National insurance threshold rises to £12,570
First Plastic Packaging Tax returns due this month
Millions hit with three-hour broadband outages during last year
BCC warns of 'perfect storm' of increasing costs
June 2022
HMRC urges families to make use of Tax-Free Childcare scheme
Ombudsman calls for swift action for victims of 'authorised scams'
FSB urges government to learn regulatory lessons from COVID pandemic
Paper £20 and £50 notes to be withdrawn from circulation by end of September
Tax gap remains steady at 5.1%
UK outlines plans to tighten 'buy now pay later' rules
Inflation hits 40-year high of 9.1% amid cost-of-living crisis
Manufacturers call for support package
MTD for income tax pilot extended
Bank of England raises UK interest rates to 13-year high of 1.25%
IoD launches new inquiry into governance arrangements and framework
Trade body urges Chancellor to keep tax rates low on electric company cars
COVID-19 emergency loan schemes may have saved 500,000 businesses
CBI downgrades forecast and warns of recession
New homeowners warned over tax refund claims
UK economy will 'grind to a halt', warns the BCC
Give people more control over their energy bills, says CBI
HMRC criticised over IR35 implementation
UK companies trial four-day working week with same pay
NICs increase has immediate impact on businesses
May 2022
Tax credits customers warned about scammers posing as HMRC
Lending to small businesses hits all-time low
Chancellor announces windfall tax on energy firms
Statistics reveal more than 500,000 families used Tax-Free Childcare in past year
Energy price cap set to rise to £2,800 in October
Government 'refuses to rule out windfall tax' on oil and gas companies
Ofgem proposals aim to avoid price shocks on energy bills
CBI chief calls for cost-of-living help for people on lower incomes
HMRC issues £14 million in penalties for minimum wage offences
Inflation hits 40-year high of 9%
Charity warns lowest income households will wait longest for council tax rebate
Almost 66,500 filed self assessment returns on 6 April
Pension regulator running spot checks on UK employers
Inflation takes its toll as UK economy contracts in March
New law to protect access to cash announced in Queen's Speech
Shoppers slow spending as consumer confidence dips
FSB finds one in three business owners suffered COVID-related mental health decline
Bank of England warns UK economy to shrink as interest rates rise
Drop online passwords to foil hackers
Number of firms in critical financial distress rises sharply
MPs consider changes to help tackle increasing cost of living
April 2022
Government inaction on long COVID could cost billions
Government borrowing more than halves, data reveals
Data shows IHT receipts up £0.7 billion
Which? warns it is 'now or never' to halt UK's 'cash crisis'
Half of small firms do not expect to grow over coming year, FSB finds
HMRC starts chasing up SEISS overpayments
Energy bosses call for price cap to be scrapped to prevent 'horrific' winter
Export growth is 'stagnant', BCC finds
New HMRC one-stop online shop provides taxpayers with tax relief information
Business groups comment on latest inflation figures
HMRC names avoidance scheme promoters for first time
Research suggests hybrid working saves businesses significant amounts of money
Economic growth slowed in February, data shows
Government pledges major increase in electric car chargers by 2030
UK government unveils energy strategy
Treasury announces it will regulate some forms of cryptocurrency
NIC increase causes businesses to raise prices
Rise in VAT will mean higher prices, businesses warn
Majority of smaller businesses do not understand 'carbon jargon'
March 2022
Report warns 'millions would struggle' in cashless society
HMRC reminds working parents they can receive help with Easter childcare costs
Households on lowest incomes face significant rise in living costs, data finds
Plastic Packaging Tax comes into force this April
Consumer group issues fraud warning on online shopping scams
View our 2022 Spring Statement summary
Chancellor announces rise in national insurance threshold
2022 Spring Statement - what to expect
Chancellor cuts fuel duty in Spring Statement
2022 Spring Statement - the business reaction
2022 Spring Statement - the political reaction
2022 Spring Statement - the economic picture
CMA frees leaseholders from rising ground rents
MTD for VAT brings in an extra £195 million in tax
Bank of England raises interest rates for third month in a row
BCC calls for Spring Statement to tackle cost of doing business crisis
FSB urges Chancellor to 'deliver on low tax pledge' at Spring Statement
HMRC warns taxpayers not to share personal details online
UK economic growth to halve this year, warns BCC
Chancellor must make huge judgment call at Spring Statement, says IFS
Student loan repayments to start at £25,000
82% of VAT registered businesses are still unaware of MTD deadline
FSB calls for relief for small employers in Spring Statement
HMRC collects £30.8 billion through tax probes
SSP Rebate Scheme set to close in March
Over a million take advantage of extra time to file self assessment returns
Manufacturers call for delay to NIC increase
Spring Statement is the time to act, says CBI
February 2022
CBI calls for lateral flow testing to continue
Hybrid working the new norm, survey finds
Two freeports planned for Scotland
Help to Buy scheme pays out £674 million to house buyers
Make super deduction permanent to boost investment, says CBI
Almost 100,000 taxpayers using HMRC's Time to Pay
Real wages fall as pay lags behind inflation
HMRC reminds married couples to utilise Marriage Allowance
Off-payroll rule compliance an issue for HMRC
HMRC raises late payment interest rate to 3%
Businesses urged to apply for remaining COVID-19 support grants
Soaring wage and energy costs force threequarters of UK businesses to raise prices
SDLT 'needs to be reformed', study suggests
FSB urges government to reconsider NICs hike
MPs call for road pricing to replace motoring taxes
Impossible to shield shoppers from rising costs, warns the BRC
CBI says government must protect business from rising energy costs
Government unveils 'Levelling Up' strategy
Over two million still to file self assessment returns
BCC calls for 'urgent action' to improve UK-EU trade