Business News

Parents of teens reminded to extend Child Benefit claim online

16 May 2025

Parents of 16 to 19-year-olds will receive reminders from HMRC to extend their Child Benefit claim by 31 August if their child is staying in education or training or payments will automatically stop.

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UK economy grows 0.7% in first quarter

15 May 2025

The UK's economy grew by more than expected in the first three months of the year, according to the latest data from the Office for National Statistics (ONS).

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Entrepreneurs considering selling businesses due to tax changes

14 May 2025

British entrepreneurs are considering selling their businesses as a result of changes to tax policy and ongoing economic uncertainty.

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One in four employers plan to make redundancies in next quarter

13 May 2025

The number of employers expecting to increase staff numbers in the next three months has fallen to a record low outside of the pandemic, according to research from the Chartered Institute of Personnel and Development (CIPD).

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Record numbers file assessment in first week of new tax year

12 May 2025

Almost 300,000 people filed their tax return in the first week of the new tax year, setting a new record, HMRC has revealed.

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Interest rates cut to 4.25%

09 May 2025

The Bank of England has cut interest rates from 4.5% to 4.25%, the lowest rate since May 2023.

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HMRC criticised for delays in processing tax refunds

08 May 2025

HMRC has come under fire for delays in processing tax refunds.

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Business confidence rises to highest level since late 2024

07 May 2025

Data published by the Institute of Directors (IoD) has revealed that confidence amongst business leaders has risen to its highest level since before the 2024 Autumn Budget.

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Government warned over 'lost generation'

06 May 2025

The government should urgently tackle the jobs crisis among young people or it will risk facing a 'lost generation', according to the British Chambers of Commerce (BCC).

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HMRC launches new online help for compliance checks

02 May 2025

HMRC has launched a new online interactive tool to help guide both businesses and individuals through tax compliance checks.

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New cryptoasset rules aim to protect consumers

01 May 2025

The government is introducing legislation to regulate cryptoassets and improve consumer protection for the asset class.

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Lack of trust and board expertise putting brakes on AI adoption

30 Apr 2025

A lack of trust and a shortage of expertise at board level are limiting the adoption of AI in UK businesses, according to research from the Institute of Directors (IoD).

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Chancellor unveils plans to maintain level playing field for British business

29 Apr 2025

Chancellor Rachel Reeves has said British businesses will be supported in trading freely as she takes action on practices that undercut fair trade, such as the dumping of cheap goods into the UK.

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IHT receipts reach record £8.2 billion

28 Apr 2025

Figures published by HMRC have revealed that Inheritance Tax (IHT) receipts reached a record £8.2 billion in the 2024/25 tax year as a result of rising asset values.

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