HMRC saw a drop of almost £30 billion in tax revenues in the latest financial year because of the pandemic, according to its annual accounts. In its 2020/21 annual report,…
The Bank of England has hinted that it may raise interest rates in the coming months. Interest rates may have to escalate in response to increasing levels of inflation. Policymakers…
The Office for Budget Responsibility (OBR) has warned that household finances are not set to return to their pre-COVID levels until 2023. In a hearing with MPs, Charlie Bean, a…
A report published by the Federation of Small Businesses (FSB) has revealed that the costs associated with going green have impacted small firms' plans for becoming more sustainable. The FSB's…
The government has doubled the payment period for capital gains tax (CGT) on residential property from 30 days to 60 days. Although the measure was not announced by Chancellor Rishi…
The Institute for Fiscal Studies (IFS) has predicted that millions of people will be worse off in 2022 as a result of spiralling costs and tax rises. Responding to the…