Business News

This section contains the latest business news stories.

01 Jul 2022

BCC warns of 'perfect storm' of increasing costs

The UK's businesses are facing a perfect storm of increasing costs and time is running out for the government to act, the British Chambers of Commerce (BCC) has warned.

30 Jun 2022

HMRC urges families to make use of Tax-Free Childcare scheme

HMRC is reminding families not to miss out on the financial support offered by its Tax-Free Childcare (TFC) scheme.

29 Jun 2022

Ombudsman calls for swift action for victims of 'authorised scams'

The Financial Ombudsman Service recently published its annual complaints data for the 2021/22 financial year and found that complaints about 'authorised scams' increased by a fifth.

28 Jun 2022

FSB urges government to learn regulatory lessons from COVID pandemic

The Federation of Small Businesses (FSB) has urged the government to 'lean lessons from the implementation of coronavirus (COVID-19) health measures' to generate a regulatory business environment that steers away from recession.

27 Jun 2022

Paper £20 and £50 notes to be withdrawn from circulation by end of September

The Bank of England (BoE) has reminded the public that it will be withdrawing the legal tender status of paper £20 and £50 banknotes after 30 September 2022.

24 Jun 2022

Tax gap remains steady at 5.1%

The estimated tax gap for the 2020/21 tax year is 5.1% - the second lowest recorded percentage - and is unchanged from the previous year, according to the latest data from HMRC.

23 Jun 2022

UK outlines plans to tighten 'buy now pay later' rules

The UK government has announced plans to strengthen rules on 'buy now pay later' services, improving protection for users of the short-term credit.

22 Jun 2022

Inflation hits 40-year high of 9.1% amid cost-of-living crisis

UK inflation has risen to 9.1% in May from 9% in April as the cost-of-living crisis continues, according to the latest data from the Office of National Statistics (ONS).

21 Jun 2022

Manufacturers call for support package

Manufacturing trade body Make UK is calling for an emergency, pre-recess package of business support measures.

20 Jun 2022

MTD for income tax pilot extended

HMRC is extending the pilot for Making Tax Digital for income tax self assessment (MTD ITSA) to more self-employed workers and landlords.

17 Jun 2022

Bank of England raises UK interest rates to 13-year high of 1.25%

The Bank of England (BoE) has raised UK interest rates to a 13-year high of 1.25% and is now predicting inflation will hit 11% this autumn, when energy bills are set to rise again.

16 Jun 2022

IoD launches new inquiry into governance arrangements and framework

The Institute of Directors (IoD) has launched a new inquiry to analyse how good corporate governance can drive innovation.

15 Jun 2022

Trade body urges Chancellor to keep tax rates low on electric company cars

The British Vehicle Rental and Leasing Association (BVRLA) has urged Chancellor Rishi Sunak to keep benefit-in-kind (BiK) tax rates low on electric company cars to promote their usage amongst UK workers.

14 Jun 2022

COVID-19 emergency loan schemes may have saved 500,000 businesses

The government's coronavirus (COVID-19) emergency loan guarantee schemes may have saved between 150,000 and 500,000 businesses, according to research from the British Business Bank (BBB).

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