Business news
The latest business, tax and economic developments
In the world of business news, it’s easy to feel slightly overwhelmed, as you’re constantly bombarded by alerts and stories, half of which hardly relate to you. We feel that way sometimes, too. That’s why we created our business news section – dedicated to regular business owners like you. With one story a day with only the essentials, you’ll be able to keep up with the biggest business, tax and economic developments of the day.
Company insolvencies remain high
Insolvencies up 27% on previous year.HMRC has ‘enormous amount of work’ to deliver MTD on time
Accountants call for ‘fresh thinking’ on MTD.High interest rates result in biggest UK wealth fall since World War II
High rates could end a 40-year wealth boom.Falling petrol prices cause inflation to fall to 7.9%
Inflation reaches lowest point in over a year.Four in ten taxpayers unable to speak to adviser over phone
Taxpayer satisfaction with HMRC services falls.Interest rate rises deliver biggest wealth fall for households since World War II
High rates could end 40-year wealth boom.UK economy remains on shaky ground
GDP falls by 0.1% in May.R&D tax relief crackdown allegedly deterring genuine claims
Valid claims are apparently being rejected by HMRC.Record wage growth not fast enough to beat inflation
Wage growth nevertheless fuels inflation fears.Chancellor aims to boost pension funds by £1,000 a year
Announcement part of wider pension reforms.