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Business News

This section contains the latest business news stories.

05 Aug 2022

BoE warns of recession as it raises interest rates again

The Bank of England (BoE) has warned that the UK will go into recession later this year as it raised interest rates for the sixth consecutive time.

04 Aug 2022

HMRC sends Marriage Allowance reminder

HMRC is reminding married couples and people in civil partnerships to sign up for Marriage Allowance for extra cash.

03 Aug 2022

Private sector activity at a standstill, warns CBI

Private sector activity is at a standstill as rising prices continue to take their toll, the Confederation of British Industry (CBI) has warned.

02 Aug 2022

Recovery Loan Scheme to be relaunched

The Recovery Loan Scheme (RLS) will be relaunched during August 2022 as the government aims to continue supporting recovering small businesses.

01 Aug 2022

IoD calls for new agency to advise on skills shortages

The Institute of Directors (IoD) has called for the creation of a new, independent agency to address the 'chronic and systemic' skills shortages in the UK.

29 Jul 2022

Treasury figures reveal 14% increase in IHT receipts

Data published by the Treasury has revealed that there was a 14%, or £729 million, increase in inheritance tax (IHT) receipts received by HMRC between the financial years 2020/21 and 2021/22.

28 Jul 2022

IMF warns UK is set for slowest rate of growth of G7 countries

The International Monetary Fund (IMF) has warned that the UK faces the slowest rate of growth in the G7 next year.

27 Jul 2022

New ICAEW CPD policy set to take effect from November 2023

The Institute of Chartered Accountants in England and Wales (ICAEW) has announced that in November 2023, it will introduce a new Continuing Professional Development (CPD) policy, which will mark a shift from an output-based model to a hybrid one.

26 Jul 2022

R&D tax credit criteria set to be subject to greater scrutiny

Draft legislation published recently by HMRC outlines a number of changes to the administrative steps associated with claiming Research and Development (R&D) tax credits.

25 Jul 2022

Insurer warns of rise in fraudulent claims amid cost-of-living crisis

Insurer Zurich UK has stated that there has been a significant increase in the number of fraudulent claims as a result of the cost-of-living crisis.

22 Jul 2022

UK consumers supporting small businesses despite rising prices

Over three quarters of UK consumers are still shopping with small businesses despite the cost-of-living price rises, according to research conducted by price comparison site GoCompare.

21 Jul 2022

New finance legislation aims to unlock investments

The government has introduced legislation to Parliament, which it says will enhance the competitiveness of the UK financial services sector and unlock tens of billions of pounds of investment.

20 Jul 2022

Inflation hits fresh 40-year high of 9.4%

The rate of inflation has hit a fresh 40-year high, according to the latest data from the Office for National Statistics (ONS).

19 Jul 2022

CBI says leadership hopefuls need a plan for growth

Conservative Party leadership candidates must have a plan for economic growth, says the Confederation of British Industry (CBI).

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