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Business News

Economists warn tax hikes likely in the autumn

13 Jun 2025

Following the 2025 Spending Review, experts have warned that Chancellor Rachel Reeves will have to raise taxes in the Autumn Budget to fill a shortfall of up to £23 billion.

UK economy shrunk in April

12 Jun 2025

The UK economy contracted by 0.3% in April as tax increases kicked in and exporters faced uncertainty over US trade tariffs.

Spending review is opportunity to back small business

11 Jun 2025

The government must 'make every taxpayer pound count' in the Spending Review, the Federation of Small Businesses (FSB) has warned.

FCA in international crackdown on unlawful finfluencers

10 Jun 2025

The Financial Conduct Authority (FCA) joined forces with nine international regulators for a week of action to combat the risks of finfluencers on social media.

Energy costs 'an anchor on our ambition', warns CBI chief

09 Jun 2025

High energy bills in the UK are an 'anchor' on private sector ambitions, according to Rain Newton-Smith, CEO of the Confederation of British Industry (CBI).

Government introduces Pension Schemes Bill

06 Jun 2025

The government has introduced the Pension Schemes Bill, which it says will make pensions easier to understand and manage as well as drive better value over the long term.

Cost of minimum retirement lifestyle has fallen amid lower energy prices

05 Jun 2025

The minimum amount someone needs in retirement has fallen, amid lower energy prices and people's changing expectations, according to a report from the Pensions and Lifetime Savings Association (PLSA).

Recovery in business confidence underway

04 Jun 2025

A recovery in business confidence underway with optimism rising among commercial leaders, according to the Institute of Directors (IoD).

IFS outlines 'four big decisions' for Spending Review

03 Jun 2025

Ahead of the 2025 Spending Review on 11 June, the Institute for Fiscal Studies (IFS) has outlined four 'big decisions' for the government to make.

HMRC names and shames employers failing to pay NLW

02 Jun 2025

HMRC recently named and shamed UK employers who have failed to pay their employees the National Living Wage (NLW) or the National Minimum Wage (NMW).

Chancellor outlines pension 'megafunds' plans

30 May 2025

Chancellor Rachel Reeves has set out government plans to double the number of so-called pension 'megafunds' by 2030.

New report outlines path to cut firms' net zero costs

29 May 2025

A report carried out by the Federation of Small Businesses (FSB) has outlined a path to help cut carbon emissions and costs for small firms.

IMF updates growth forecast for UK economy

28 May 2025

The International Monetary Fund (IMF) has revised its growth forecast for the UK economy and now anticipates growth of 1.2% this year.

Household Support Fund 'needs reforming'

27 May 2025

Think tank the Resolution Foundation has stated that the Household Support Fund needs renewing and reforming to ensure it continues to help families through the cost-of-living squeeze.

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