Business News

08 Dec 2022

Petrol and diesel prices dropping too slowly at the pump

There is evidence that 'rocket and feather' fuel pricing happened in 2022, according to a report published by the Competition and Markets Authority (CMA).

07 Dec 2022

EBRS has 'removed serious risk for quarter of businesses', IoD finds

The government's Energy Bill Relief Scheme (EBRS) has helped to remove 'serious risk' for a quarter of UK businesses, the Institute of Directors (IoD) has found.

06 Dec 2022

UK in recession until end of next year, warns CBI

The UK will be in recession until the end of next year with the economy weighed down by high inflation, low growth and weak business investment, according to the Confederation of British Industry (CBI).

05 Dec 2022

UK house prices see biggest fall for two years

UK house prices saw their biggest monthly fall for more than two years in November, according to the latest data from building society Nationwide.

02 Dec 2022

£4.5 billion lost to COVID-19 fraud

The total value of fraud in three coronavirus (COVID-19) schemes totalled £4.5 billion, with the tax authority only expecting to recover £1.1 billion, Jim Harra, HMRC's Chief Executive, has told MPs.

01 Dec 2022

CBI survey reveals continued deterioration in business confidence

A survey carried out by the Confederation of British Industry (CBI) has revealed that business confidence has continued to deteriorate across the UK services sector.

30 Nov 2022

FSB urges government to ensure energy suppliers don't inflate prices

The Federation of Small Businesses (FSB) has urged the government to make sure that energy suppliers don't inflate prices for small firms.

29 Nov 2022

Threshold freeze equivalent to 3.5% tax hike

The government's freeze on income tax thresholds will see some workers' tax bills rise by the equivalent of a 3.5% hike in the headline rate of tax, according to analysis by investment platform AJ Bell.

28 Nov 2022

Study finds one in four small businesses plan to close if energy bill support ends

A study carried out by the Federation of Small Businesses (FSB) has found that one in four small firms plan to close, restructure or downsize if support with their energy bills ends next April.

25 Nov 2022

Home repossessions double as mortgage costs rise

Home repossessions have almost doubled as rising costs force borrowers to fall behind on mortgage payments, according to official figures published by the Ministry of Justice (MoJ).

24 Nov 2022

NAO reveals Digital Services Tax has raised £358 million

Data published by the National Audit Office (NAO) has revealed that the UK's Digital Services Tax (DST) raised £358 million from large digital businesses in the 2020/21 tax year.

23 Nov 2022

OECD warns UK on course for biggest economic downturn

In a new report, the Organisation for Economic Co-operation and Development (OECD) has warned that the UK economy is on track for the biggest downturn when compared to any other nation in the G7.

22 Nov 2022

Think tank suggests UK workers are 'living through a two-decade wage stagnation'

In its analysis of the recent Autumn Statement, think tank the Resolution Foundation suggested that workers in the UK are currently living through a two-decade long wage stagnation costing them £15,000.

21 Nov 2022

UK in a 'new era of higher taxation', IFS warns

The Institute for Fiscal Studies (IFS) has stated that the UK has entered 'a new era of higher taxation and higher spending' following the 2022 Autumn Statement.

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