Business News

This section contains the latest business news stories.

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25 Jun 2024

Business group warns tax rises will be 'difficult to avoid' over next five years

The Institute for Fiscal Studies (IFS) has warned that tax rises will be difficult to avoid in the next five years.

24 Jun 2024

Tax gap at record high

The UK's tax gap rose to a record to £39.8 billion in 2022/23, up by £1.7 billion as small businesses accounted for almost two thirds of unpaid tax, according to HMRC's data.

21 Jun 2024

Rate decision disappointing for small businesses

The Bank of England's decision to hold interest rates was disappointing for small businesses, says the Federation of Small Businesses (FSB).

20 Jun 2024

UK's investment performance 'worse than every other G7 country'

Data published by think tank the Institute for Public Policy Research (IPPR) has found that the UK's investment performance is worse than every other country in the G7.

19 Jun 2024

Inflation at lowest level in almost three years, data shows

Data published by the Office for National Statistics (ONS) has revealed that the UK inflation rate has fallen to its lowest level in almost three years.

18 Jun 2024

HMRC 'has not fined a single 'enabler' of offshore tax evasion', data reveals

A Freedom of Information (FOI) request has revealed that HMRC has not fined a single 'enabler' of offshore tax evasion in five years.

17 Jun 2024

HMRC collected £1.39 billion in unpaid inheritance tax in last five years, data shows

Data published recently by HMRC has shown that it collected £1.39 billion in unpaid inheritance tax (IHT) in the last five years.

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