Business News

Chancellor planning ISA 'overhaul', reports suggest

Chancellor Jeremy Hunt is planning significant ISA reforms, according to recent reports.

Firms 'will look to Autumn Statement for measures to help with rising operating costs'

Small firms will look to the upcoming Autumn Statement for signs that the government understands their operating concerns, says the Federation of Small Businesses (FSB).

IoD outlines 'top five policy recommendations' to help drive economic growth

Business group the Institute of Directors (IoD) has outlined its top five policy recommendations to help spur sustainable economic growth

Interest rates held at 5.25%

UK interest rates have been left unchanged at 5.25% by the Bank of England's Monetary Policy Committee (MPC).

HMRC urges nearly 430,000 young people to claim Child Trust Fund cash

HMRC has urged almost 430,000 young people with an unclaimed Child Trust Fund (CTF) to claim their cash.

UK inflation rate falls to 6.7%

The UK rate of inflation fell to 6.7% in the year to August 2023, data published by the Office for National Statistics (ONS) has revealed.

Autumn Statement to be a 'watershed moment' for small business support

The Federation of Small Businesses (FSB) has stated that the upcoming Autumn Statement will be a 'watershed moment' for the government in regard to it proving its small business support credentials.

IoD reacts to changes to Corporate Governance Code

The Institute of Directors (IoD) has responded to changes to the UK Corporate Governance Code submitted for consultation by the Financial Reporting Council (FRC).

Number of cash transactions rises for first time in a decade

Data published by UK Finance has revealed that the number of payments made with cash rose for the first time in a decade in 2022.

Government slow to recover over £1 billion Covid grant fraud

The government has been slow to recover losses of £1.1 billion from fraud and error in Covid grant schemes, according to MPs in the Public Accounts Committee (PAC).

UK economy shrank in July, official data shows

Data published by the Office for National Statistics (ONS) has revealed that the UK economy shrank more than experts had expected in July as a result of strike action and wet weather.

Run-up to General Election to be marred by 'continued stagnation' of living standards

A report published by think tank the Resolution Foundation has suggested that the run-up to the next General Election will be affected by continued living standards stagnation.

SMEs 'struggling to access finance', says ACCA

A report published by the Association of Chartered Certified Accountants (ACCA) has suggested that small and medium-sized enterprises (SMEs) are struggling to access finance and working capital.

Business group calls for 'urgent' new legislation to safeguard workers against AI

The Trades Union Congress (TUC) has called for urgent new legislation to help safeguard UK workers against AI.

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