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.
Bank of England reinforces bond buying scheme
New measures announced for the final week of the purchase scheme.Business confidence falls significantly
Four in ten businesses anticipate a fall in profits over the next year.Two-year mortgage rates reach 14-year high
The average two-year fixed mortgage rate soars to 6.07%.Pound reaches two-week high
Sterling on track for its sixth consecutive daily rise.Red tape cut for thousands of businesses
Up to 40,000 more businesses to be exempt from future regulations.Government abandons scrapping of additional tax rate
Top earners will still pay the 45p rate, says chancellor.GDP estimated to have risen by 0.2%
The ONS initially estimated a 0.1% fall.Bank of England steps in to protect the economy
The Bank will purchase Government bonds in an effort to stabilise markets.Medium-term financial plan scheduled for November
The OBR will set out a full forecast alongside the plan.Government reveals energy support package
Price cap introduced for businesses from 1 October 2022.