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Business News Archive
News
Business News
May 2018
Bank of England Governor states Brexit has 'cost UK households £900'
IFS warns tax rises will be needed in order to sustain health service
UK firms give broadly positive feedback on HMRC customer service
Broadband speeds for UK households and small businesses are '51% slower than advertised'
Significant number of UK employees worked from home in 2017, TUC reveals
HMRC adds two new software providers to Making Tax Digital pilot
UK workers will require pension pot of 'at least' £260,000, says study
UK set to experience 'strong growth in demand for labour' in second quarter of 2018
Survey suggests millennials feel 'under most pressure' at work
Business group brands UK wage squeeze 'worst in modern history'
Many individuals believe self-employment has 'improved quality of life', survey finds
HMRC issues warning over tax refund scams
Car insurance costs proving a 'significant burden' for young drivers
New digital pension schemes service is delayed
Brexit causes HMRC to delay Making Tax Digital for individuals
Think tank proposes replacing inheritance tax with 'Lifetime Receipts Tax'
Late payments 'remain a real problem' for SMEs, research finds
'Avalanche of cuts' affecting UK economy, says TUC
April 2018
UK businesses 'targeting international trade' as part of growth plans, survey suggests
Abolition of stamp duty for first-time homebuyers 'benefits 69,000 households'
'Time running out' for SMEs to prepare for introduction of GDPR, says FSB
Report finds identity fraud 'on the rise' in the UK
Cost of Brexit 'divorce bill' still unclear, says NAO
Men ‘getting better state pension deal’ than women, research suggests
Many businesses 'not seeing improvements in UK mobile network', states BCC
Think tank proposes creation of a 'wealth fund' to address wealth inequality
Wage growth rate overtakes inflation for 'first time in a year', official figures reveal
OTS calls for 'urgent review' into how UK tax system affects businesses
Growth in UK economy slow 'despite export boost'
Confidence in UK economy has 'returned to positive figures', IoD finds
CBI warns of cost rises if UK strays from EU regulations
Proposals for making UK 'best place in world to do business' outlined by taskforce
Changes to termination payments could increase employer tax liability
Business groups call for 'urgent reform' of Apprenticeship Levy
New business and tax measures take effect
Government publishes 'sugar tax' guidance ahead of its introduction on 6 April
Businesses urged to publish gender pay gap figures as deadline approaches
BCC survey suggests UK infrastructure 'less reliable' than five years ago
March 2018
Confidence amongst small businesses is 'rebounding', says FSB
Reviews into UK tax system launched by committee
Making Tax Digital income tax pilot open to self-employed
Survey suggests many SMEs 'opting to self-fund'
UK wages 'rising at fastest rate in two years', data reveals
Government data suggests 77% of UK firms 'paying men more than women'
Business groups respond to government's Brexit transition period agreement
Charities 'missing out' on Gift Aid
New rules introduced to tackle online VAT fraud
Government launches £67 million full-fibre broadband scheme
IFS states tax rises of £30 billion per year needed in order to reduce deficit
2018 Spring Statement - Chancellor invites views of small firms on VAT threshold
View our 2018 Spring Statement summary
Spring Statement heralds the 'light at the end of the tunnel'
2018 Spring Statement - the economic picture
2018 Spring Statement - the political reaction
2018 Spring Statement - the business reaction
2018 Spring Statement - what to expect
Research suggests average UK small business owed £63,000 in late payments
TUC analysis of gender pay gap suggests women 'work for free for two months'
Brexit 'should not overshadow growth', BCC warns government
Government publishes Making Tax Digital for VAT legislation
Figures show significant increase in contactless card fraud
IPPR suggests abolishing income tax bands to help taxpayers save
Many businesses 'underestimate the risk' involved with cybercrime, report finds
TUC urges employers to remain vigilant as heavy snowfall affects much of the UK
February 2018
Chancellor urged to freeze business rates in upcoming Spring Statement
HMRC to receive £100 million as result of Panama Papers investigations
Study suggests unpaid overtime caused UK workers to lose £31 billion in 2017
Deadline to spend old £10 notes rapidly approaching, Bank of England warns
Data shows many firms 'paying male employees more than female employees'
Businesses 'turning to alternative sources of finance', research suggests
SMEs expect cryptocurrency payments to reach high street 'within two years'
Average UK small business ‘spends £5,000 on tax compliance every year’, study finds
Significant number of UK workers 'planning to become self-employed', research finds
Bank of England survey suggests UK workers in line for pay rise
Shared parental leave take-up ‘as low as 2%’, says government
Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’
Government launches power of attorney fee refund scheme
HMRC invites businesses to take part in Making Tax Digital for VAT pilot scheme
Research suggests lack of savings putting individuals 'at risk of financial hardship'
Government outlines reforms in response to Taylor review of employment practices
HMRC's VAT bill worth 21% of its total tax take, data reveals
Mothers in part-time jobs receiving ‘long-term pay penalties’, says IFS
HMRC reveals 'record number' of taxpayers submitted tax returns before deadline
Two thirds of businesses 'unprepared for GDPR', survey suggests
January 2018
Chancellor commissions OTS to review inheritance tax rules
Government self assessment letters ‘lack a sense of urgency’, research suggests
New centre designed to improve UK tax system launched by NAO
Government moves to tackle the sending of scam text messages to taxpayers
HMRC issues self assessment warning as 'three million tax returns still outstanding'
Employers call for apprenticeship levy reform
Research finds UK SMEs 'optimistic about their role in global economy'
Stamp duty cut 'fails to entice first-time buyers', survey suggests
ONS data suggests gender pay gap 'widens as women age'
IoD publishes list of business predictions for 2018
PAC warns HMRC customer service 'must not suffer' as it prepares for Brexit
UK consumers spending significant amounts on ‘impulse buys’, survey reveals
Business profitability has risen considerably over last decade, TUC finds
Consumers to benefit from ban on credit and debit card surcharges
CBI survey reveals public confidence in UK businesses has risen significantly
Small businesses affected by rising fuel costs, business group reveals
Proposed changes to VAT 'could create additional burdens' for business
FSB finds confidence amongst UK small businesses has fallen
National Living Wage rises could lead to more jobs becoming automated, IFS warns
HMRC publishes draft Making Tax Digital for VAT regulations
Significant number of tax returns filed over festive period, official figures reveal
Government publishes staircase tax repeal Bill
December 2017
Have you made your financial New Year's resolutions?
Self-assessment tax return deadline looms
Businesses advised to safeguard against adverse winter weather
UK businesses 'set to increase employee pay' in 2018, CBI finds
Government launches Small Business Commissioner service
Research reveals older workers 'struggling to save for retirement'
Mental health ‘remains a taboo subject in the workplace’, research suggests
Government proposes to extend auto-enrolment scheme to younger workers
Finance Secretary for Scotland announces income tax changes in Scottish Budget
SMEs hindered by lack of available funding, research suggests
Significant number of small businesses 'unaware of Making Tax Digital requirements'
New financial crime centre launched by government
BCC downgrades its economic forecast for next three years
ICAEW shares tips for arranging a tax-efficient seasonal party
Chancellor announces Spring Statement date
UK state pension 'least generous of all advanced economies', OECD states
CBI predicts UK economic growth to remain ‘steady but subdued’
Self assessment penalties ‘to be replaced with new points-based system’
Autumn Budget stamp duty changes will have 'modest impact', says lender
November 2017
Motorists 'less likely to choose diesel cars' following Autumn Budget tax changes
More than £1 billion stolen from bank accounts via credit card fraud, research finds
Government unveils new Industrial Strategy white paper
Number of apprenticeships has fallen by 59%, data reveals
UK on course for 'longest period of falling living standards since records began'
View our 2017 Autumn Budget Report
2017 Autumn Budget - Chancellor abolishes stamp duty for first-time homebuyers
Chancellor presents 2017 Autumn Budget, 'building on Britain's global success story'
2017 Autumn Budget - the economic picture
2017 Autumn Budget - the political reaction
2017 Autumn Budget - the business reaction
2017 Autumn Budget - what to expect
Survey suggests two in five SMEs ‘unprepared’ for new GDPR
Lowering VAT threshold would put SMEs at a disadvantage, FSB warns
TUC urges Chancellor to use Autumn Budget to 'end wage squeeze'
Government delays Tax-Free Childcare scheme for parents of older children
Paper £10 notes set to be demonetised
Fraud costs UK £190 billion per annum, data suggests
CBI urges UK businesses to adopt ‘readily available technologies’
Chancellor urged to remove age-related tax inequalities in Autumn Budget
Bank of England survey indicates pay growth set to surge in 2018
OTS publishes recommendations for simplifying VAT
Business confidence low despite rise in profits, ICAEW finds
FSB responds to government’s decision to delay abolition of Class 2 NICs
Bank of England raises interest rates for first time in 10 years
Brexit vote 'has cost UK households £600 per year', data suggests
FCA finds more than a fifth of individuals 'failing to report investment scams'
October 2017
TUC finds 'market volatility' could cost pension savers
Chancellor 'may have to abandon deficit target' in upcoming Budget, IFS states
Gender pay gap 'narrows to record low', data suggests
Moderate growth in UK economy sparks interest rate rise concerns
PAC urges HMRC to take action on online VAT fraud
'Immediate action' required to stop business rates increases, BCC warns government
Businesses and government 'must adopt cutting-edge technologies' says CBI
FSB urges Chancellor to 'rule out business tax increases' in Autumn Budget
FCA suggests half of individuals in the UK are 'financially vulnerable'
Third of company directors 'unaware' of new data protection rules
UK could lose £400 billion as result of 'hard Brexit', study suggests
CBI publishes Autumn Budget submission
Chancellor suggests ‘staircase tax’ could be abolished
Individuals 'should be set pensions savings targets' to secure comfortable retirement
Brexit ‘could increase number of business insolvencies’, ICAEW suggests
Significant number of UK workers 'considering setting up a side business'
'Progressive' property tax regime for Wales set to be implemented
Significant number of young people 'concerned about their finances', study suggests
UK's rate of inflation 'highest amongst leading economies', data suggests
Small Business Commissioner appointed by government
IoD outlines Autumn Budget proposals
UK businesses 'in the dark' about how to make best use of Apprenticeship Levy
September 2017
British Business Bank outlines need for extra finance options for small businesses
Interest rates rise would be 'good news', Bank of England Chief Economist states
Two-thirds of businesses 'have a cash surplus' for 2017, survey suggests
Pensions auto-enrolment could leave savers 'without enough money for retirement'
Gender pay gap for female managers has 'widened', research reveals
Nearly half of SMEs 'unaware of new data protection rules'
Data reveals confidence amongst UK small businesses has 'plummeted'
FSB launches campaign to 'address health and wellbeing' of UK small businesses
Businesses urge government to make 'urgent progress' during upcoming Brexit talks
Paper identification documents 'should be replaced with digital equivalent'
TUC calls for National Minimum Wage rates increases for younger workers
New £10 note enters circulation
Chancellor announces Autumn Budget date
Backdated 'staircase tax' bills 'unfair' to small businesses
Government publishes Finance Bill 2017-19
Allow older individuals to fund business start-ups from pension pots, urges IoD
More than £1 billion spent with SMEs via Digital Marketplace, official data shows
Report suggests UK economic model needs 'fundamental reform'
Economists rule out interest rate rise
TUC suggests robots and artificial intelligence could help to reduce state pension age
Data reveals significant fall in amount saved in cash ISAs
August 2017
BRC urges government to secure advantageous Brexit customs deal
UK businesses 'hit by rising employment costs', BCC finds
Treasury urges businesses to 'remain vigilant' when returning old £1 coins
Government outlines plans for data sharing between UK and EU post-Brexit
Raising top tax rate could generate 'uncertain' consequences, IFS states
Brexit taking its toll on employers' confidence levels, survey suggests
Government unveils ban on pensions cold-calling
Report reveals rise in multiple property ownership
Modest growth in UK retail sales continued in July, latest statistics show
Official data reveals UK productivity has fallen for second consecutive quarter
Business groups respond to publication of Brexit customs paper
Data reveals confidence amongst UK businesses has taken 'major knock'
Wage growth 'likely to remain weak', study suggests
Retirement income 'boosted by private and workplace pensions', statistics suggest
Figures reveal significant rise in number of card payments made by consumers
Firms with poor cyber security measures could face fines of £17m, government warns
IoD calls for ministers to make a decision on transitional Brexit agreement
FSB urges government to delay National Living Wage rise
New trade body to be created by government
State pension age reform leaves 'large number of women worse off'
Significant number of savers open cash Lifetime ISAs
UK 'won't cut taxes post-Brexit', Chancellor states
July 2017
UK SMEs concerned about securing funding in run-up to Brexit, survey suggests
Consumer confidence falls to 'lowest level since aftermath of Brexit vote'
FCA outlines requirements for banks to publish data on customer service
Government introduces new Parental Bereavement Bill
Rise in personal debt a 'danger to UK economy', Bank of England warns
IMF downgrades UK growth forecast for 2017
Report suggests summer childcare costs have risen significantly
Government brings forward rise in state pension age
Official figures reveal surprise fall in UK inflation rate
Less than half of businesses have discussed Brexit risks, ICAEW suggests
BCC calls for National Living Wage rise to help balance inflationary pressures
HMRC announces significant changes to Making Tax Digital plans
Consumers taking out drawdown pensions 'without advice', FCA finds
Business responds to Taylor Review of employment practices
Cybercrime a bigger concern for SMEs than Brexit, research suggests
Billionth new pound coin struck as old pound coin demonetisation deadline looms
UK household income 'falling at fastest rate since 2011', ONS data shows
Significant number of government suppliers sign up to Prompt Payment Code
Extend minimum wage to cover self-employed, says think tank
Government launches new ultra-fast broadband fund
Report suggests pay for under-40s is '11% lower than before financial crisis'
June 2017
Internet issues posing a problem for SMEs, research suggests
Government establishes new Brexit business group
Smartphones set to replace visits to bank branches
Personal debt growth is 'slowing', BBA finds
Inadequate cyber security practices 'putting SMEs at risk', analysis suggests
TUC suggests quarter of new fathers are 'missing out' on paternity leave and pay
Queen's Speech outlines government's legislative agenda
Brexit deal must put jobs and prosperity first, says Chancellor
Significant number of workers 'missing out' on employer pension top-ups
Business groups call for 'softer' Brexit
New data reveals fraud 'hotspots' in the UK
FSB calls for government to rule out national insurance rise for self-employed
UK inflation rate rises to highest level in nearly four years
UK economic growth 'weakest in Europe' during first quarter of 2017, data suggests
Business confidence has 'fallen dramatically' since General Election, IoD suggests
Business groups react to General Election result
Business calls for support as UK voters head for the polls
First cash-only Lifetime ISA enters the market
Survey reveals slowdown in retail sales
Number of 45p taxpayers reaches new high
Insurance costs set to rise as a result of increase in Insurance Premium Tax
Half of businesses believe artificial intelligence will 'transform their industry'
May 2017
Report calls for retirement age to rise to 'at least 70'
New figures show significant rise in contactless card fraud
BCC urges businesses to prepare for new data protection regulations
Household debt set to reach 'record high' this year, TUC suggests
Third of this year's retirees 'still providing financial support to family members'
UK workers receiving 'lower pay' as a result of higher pension deficit payments
Small Business Taskforce outlines priorities for UK firms in election manifesto
Banks urged to take 'meaningful action' to safeguard consumers from fraud
CBI calls for next government to create a 'business Brexit taskforce'
UK inflation rate rises to highest level in four years
FSB outlines 'urgent steps' businesses should take to protect against cyber-attacks
Businesses urged to create 'more inclusive workplaces'
UK businesses impeded by mobile 'not-spots', BCC reveals
'Brexit funding gap' poses threat to small businesses, report warns
UK workers set to experience fall in real wages, analysis suggests
Significant rise in business confidence, ICAEW reveals
Avoid hitting self-employed with extra costs, warns FSB
TUC report suggests workers' rights 'at risk' after Brexit
Paper £5 notes set to be demonetised
Businesses warn General Election 'must not be about Brexit alone'
Significant rise in number of personal insolvencies, official data shows