Business News

Chancellor to set out one-year Spending Review in November

29 Oct 2020

Chancellor Rishi Sunak will set out a one-year Spending Review on 25 November as the government continues to tackle the economic slump caused by the coronavirus (COVID-19) pandemic.

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ICAEW calls for reform of 'inflexible business rates'

28 Oct 2020

The Institute of Chartered Accountants in England and Wales (ICAEW) has called for reform of 'inflexible business rates' as businesses continue to struggle through the coronavirus (COVID-19) pandemic.

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Survey finds small business confidence has been in negative territory since 2018

27 Oct 2020

A survey carried out by the Federation of Small Businesses (FSB) has found that confidence amongst small firms has been in negative territory since July 2018.

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NAO finds 'significant levels of furlough fraud occurred' during start of pandemic

26 Oct 2020

A report published by the National Audit Office (NAO) has revealed that significant levels of furlough fraud occurred during the first few months of the coronavirus (COVID-19) pandemic.

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Chancellor increases financial support for businesses affected by COVID restrictions

23 Oct 2020

On 22 October Chancellor Rishi Sunak announced increases to the coronavirus (COVID-19) financial support measures first outlined in the Winter Economy Plan.

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IoD outlines reforms to Prompt Payment Code

22 Oct 2020

The Institute of Directors (IoD) has outlined reforms to the Prompt Payment Code.

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HMRC urges businesses to ensure they are ready for new customs and tax rules

21 Oct 2020

HMRC has urged businesses to make sure they are prepared for new customs and tax rules so that they can continue to trade with the EU from 1 January 2021.

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PAC calls on government to give 'honest picture' of UK tax gap

20 Oct 2020

The Public Accounts Committee (PAC) has urged the government to give a 'more honest' picture of the likely levels of the UK tax gap.

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Government outlines plans to protect future of cash

19 Oct 2020

The government has outlined plans to protect the UK's cash system and ensure people have easy access to cash.

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Government launches new coronavirus fraud hotline

16 Oct 2020

The government has launched a new COVID-19 fraud hotline in conjunction with independent charity Crimestoppers.

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Over 54,000 workers claim home working tax relief using online portal

15 Oct 2020

HMRC has received over 54,800 claims from customers using a new online portal that allows employees to claim tax relief for working at home.

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Tax rises 'inevitable', says IFS

14 Oct 2020

The Institute for Fiscal Studies (IFS) has suggested that the UK will require tax rises of £40 billion or more per year during the middle years of this decade to stop debt spiralling upwards as a result of the coronavirus (COVID-19) pandemic.

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Resolution Foundation warns of a 'lost COVID generation'

13 Oct 2020

Think tank the Resolution Foundation has suggested that the coronavirus (COVID-19) has created a 'U-shaped crisis', with young adults and pensioners most likely to have stopped working during the pandemic.

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Job Support Scheme expanded for local lockdowns

12 Oct 2020

The government's Job Support Scheme (JSS) will be expanded to protect jobs and support businesses required to close their doors due to local lockdowns as the number of coronavirus (COVID-19) cases continues to rise in some areas.

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